Philanthropy Audacious Project

A collaborative of funders called The Audacious Project raised $1 billion over two days to fund large projects proposed by more than a dozen nonprofits. The initiative, which is housed at TED, announced the grantees on Tuesday. Thirty-five major donor families contributed to funding the projects, which span multiple years and take on major challenges. As part of the application process, the nonprofits record something like a TED Talk that introduces themselves and their project. Grantees include the San Jose-based nonprofit Destination: Home, which will use the funds to expand a homelessness prevention initiative to other cities.