Common Future receives 2022 Skoll Prize for Social Innovation
OAKLAND, Calif., April 4, 2022
OAKLAND, CA., April 4, 2022 /PRNewswire/ — Common future– the pioneering non-profit organization that provides capital to BIPOC wealth-creation institutions across the country – has been named the recipient of the 2022 Skoll Prize for Social Innovation for his progress in creating sustainable and equitable economies that tackle racial injustice and wealth inequality. The annual Skoll Foundation Prize is awarded to a select group of social innovators whose work targets the root causes of societal problems that are ripe for transformational social change.
“We envision an economy where everyone has power, choice and ownership,” said Rodney FoxworthCEO of Common Future. “Common Future has created a plan to address economic inequality and restore wealth within communities through United States by linking wealth-creating institutions to restorative and restorative capital. This recognition and investment by the Skoll Foundation brings our unique approach to the world stage.”
The Skoll Prize represents a significant investment in Common Future’s efforts to close the wealth gap, addressing the structural oppression that excludes many communities. Their recent work includes launching a policy incubator and character-based lending pilot, examples of how they are building more pathways to and control of capital. As of today, Common Future has changed $280 million towards community investment through United States.
“In the face of growing global challenges, these social innovators have never had a bigger role to play and never needed more support,” said Don Gips, CEO of the Skoll Foundation. “Instead of shrinking, they’ve built bigger, bolder solutions to drive climate action, democracy and civic engagement, innovative healthcare models, and the transfer of capital to communities of color.”
Through the Skoll Awards, the Skoll Foundation aims to shine a light on social innovators whose work has already had a significant impact on some of the world’s most pressing issues and who are poised to act as critical catalysts for social change. transformational. By investing in mature social innovations for accelerated system-level impact, the Skoll Awards help unlock the full potential and reach of social change leaders.
Rodney Foxworth will receive the award on Wednesday 6 April at the Virtual Skoll Global Forum 2022.
About the common future
Founded in 2001, Common Future is committed to building an iterative, responsive and collaborative platform to incubate, co-create and fund the work of leaders developing promising business innovations. He influences decision makers in philanthropy, investment and government to be more supportive of solutions that empower communities of color across United States. Common Future empowers communities to lead the change they want to see, from developing innovations around microcredit in Latino(a) communities to carrying out experiments with Universal Basic Income that create a pathway for entrepreneurs to color. Common Future works with leaders who are well positioned to identify financial market gaps and develop solutions that prioritize access and inclusion. For more information, visit commonfuture.co.
About the Skoll Foundation
The Skoll Foundation seeks to catalyze transformational social change by investing, connecting and championing social entrepreneurs and other social innovators who together deliver bold and equitable solutions to the world’s most pressing problems. Learn more at skoll.org.
Media Contact: Julie Richer | [email protected] | 480.818.8022
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SOURCE Common future