The Fund is investing $10 million in global wind and solar company Mainstream's Lekela Power, projects which will generate 1.3GW of new renewable power capacity in South Africa, Egypt, Senegal, and Ghana.
We are pleased to announce that the Fund has elected several new members to its board of trustees. Jennifer Nolan was elected to the board in March, and she is joined by Ambassador Ryan Crocker, Heather McGhee, Miranda Kaiser, and Wyatt Rockefeller, who were elected in June.
During a plenary session at the Center for Effective Philanthropy's National Conference in San Francisco in May 2015, Stephen Heintz, president of the Fund, participated in a panel discussion about different models of philanthropy and how each can maximize foundation impact. Heintz said foundations can demonstrate leadership by using intellectual, endowment, reputational, and relational capital, in addition to their grantmaking dollars.