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What do they do? Foundations and philanthropic organizations strategically award grants to organizations to develop and implement initiatives, strategies, and programs in states, regions, or local communities that address workforce development needs. They may also provide leadership or collaborate with other funders to improve existing workforce programs or create new initiatives.
Who are they? Foundations and philanthropic organizations that include workforce development as a part of their mission can be local, state-level, or nationally or internationally focused. They may be family or community foundations or a company's philanthropic or corporate responsibility arm that addresses societal and economic issues.
Why are they important? Foundations and philanthropic organizations often provide financial support, expertise, and leadership for addressing local workforce challenges and spearheading the development and testing of new models or strategies in workforce development.