Matt Damon Charity To Launch Water Investment Fund

KANSAS CITY MO

Water.org, the nonprofit resulting from the 2009 merger of Matt Damon’s H2O Africa and Gary White’s WaterPartners, has completed an $11 million impact investing pilot project and has already closed on $33 million in a new fund that they hope will reach $50 million. The transition from an entirely philanthropic approach built around drilling wells and building toilets to an investment model is motivated by a desire to reach more people, White, 55, the CEO says. “Frustration with the pace of our impact led me to try something entirely new.”

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