Audacious Project Announces Grants Totaling $280 Million

The Audacious Project, a philanthropic collaborative launched in April 2018 by TED, a nonprofit devoted to disseminating "ideas worth spreading," has announced grants totaling more than $280 million in support of eight initiatives. Seeded with $250 million from the Dalio and ELMA philanthropies, the Gates and Skoll foundations, Virgin Unite, and Giving Pledgers Laura and John Arnold and Scott Cook and Signe Ostby, and in partnership with the John D. and Catherine T. MacArthur Foundation and the Bridgespan Group, the Audacious Project awards up to $50 million each to social entrepreneurs and nonprofits working to address some of the world's toughest challenges.