# Ellen Dorsey speeds up climate giving

> The Wallace Global Fund will spend its entire endowment by year end, accelerating its shift to climate action.
- Title: Ellen Dorsey speeds up climate giving · TIME | Shortify
- Summary: The Wallace Global Fund will spend its entire endowment by year end, accelerating its shift to climate action.
- Keywords: ellen dorsey, wallace global fund, climate funding, endowment spend-down, climate change, TIME
- Source: TIME — https://time.com/collection/time100-climate/2026/ellen-dorsey
- Published: 2026-11-09T13:01:04.829+00:00
- Read time: 1 min
- Topics: ellen dorsey, wallace global fund, climate funding, endowment spend-down, climate change
## 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.
## Key takeaway

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.