From TIME · · 1m
Ellen Dorsey speeds up climate giving
The Wallace Global Fund will spend its entire endowment by year end, accelerating its shift to climate action.
In brief
The Wallace Global Fund will spend its entire endowment by year end, accelerating its shift to climate action. Ellen Dorsey's Wallace Global Fund accelerated its endowment spend-down to finish by year end, disbursing fifty million dollars in the past year alone to climate and justice causes. Originally reported by…
Fund accelerates climate spending
Under Ellen Dorsey's leadership, the Wallace Global Fund announced in two thousand eighteen it would spend down its entire endowment. This September it accelerated that timeline: all money will be spent by year end.
Fifty million disbursed in one year
In the past year alone the Wallace Global Fund has disbursed fifty million dollars, with twenty four million going to U.S.-based organizations working on climate change and human rights.
Dorsey's climate priorities
Dorsey says governments must stop subsidizing fossil fuel expansion with tax dollars. She highlights community-driven renewable energy and agro-ecology projects as underfunded solutions that could reduce emissions and create local jobs.
“The single most important action the public can take is to demand that governments immediately stop directly subsidizing the fossil fuel industry's expansion with their hard earned tax dollars.”
What matters most
Ellen Dorsey's Wallace Global Fund accelerated its endowment spend-down to finish by year end, disbursing fifty million dollars in the past year alone to climate and justice causes.
