Philanthropy Grants

Alaskan utility customers may soon find a pleasant surprise in the form of loans. For energy efficient upgrades and adding renewable energy systems, they will be paid back through their monthly bills.

Known as “on-bill financing,” this is already done throughout the country.

Gov. Bill Walker signed a bill into law to suspend service to customers if they don’t pay back their loans. According to president and CEO of Golden Valley Electric Association Cory Borgeson says the company has to set up a bank business before the program can begin.

Continue to original source.

Image via TreeHugger.

No one wants to deal with taking out a mortgage loan and having it denied. Recently the Urban Institute calculated real denial rates to determine which mortgage loans are denied most often.

Government-backed loans get denied less than conventional loans. Forbes reported that “conventional loan applications are denied almost 50% of the time, versus just over 20% for government loans.”

Small balanced loans usually below $70,000 or lower see higher denial rates. Forbes said, “Applications for loans under the $70,000 mark had a 52% denial rate, while those for over $150,000 were denied just 29% of the time.”

Continue to original source.

Image via NerdWallet.

For those who built a home rather than bought an existing one, you might notice that traditional mortgages aren’t applied. Instead, you’ll likely have to get a construction loan.

But what is a construction loan, you may be wondering?

They’re high-interest, short-term loans that cover the costs of building or rehabilitating a home. They’re based on the projected value of the home once the construction is complete, rather than the home’s condition in comparison to other recent sales.

Continue to original source.

Image via Rhumbix.

Life insurance is important to have because it protects your loved ones from financial burden in the event of your death. But, you may be wondering how much life insurance you need.

Frankly, insurance can get expensive, so you don’t want to be paying for more than you need. The best way to figure out how much you need is to determine what all you want covered in the event of your death. For some people, they only want funeral expenses covered. For others, they want to leave their family a financial cushion to replace the lost income.

If you’re an avid traveler and often find yourself staying in Hyatt hotels, then you’ll want the consider the World of Hyatt Credit Card. There are lots of great rewards that come with this card, such as: Read More

Guaana, an Estonia-based platform focused on helping researchers find funding as well as allies and partners for early-stage research projects, has announced a grant of two million UAE dirhams (approximately $544,000) Read More

The Shubert Foundation in New York City has announced grants totaling $30 million to performing arts organizations across the country, making this the thirty-sixth consecutive year that the foundation has increased its Read More

The Aurora Humanitarian Initiative has announced Kyaw Hla Aung, a longtime Rohingya human rights lawyer and activist, as the 2018 recipient of the Aurora Prize for Awakening Humanity. Read More

DePauw University in Greencastle, Indiana, has announced a $20 million gift from alumni Steve and Karen (Ogren) Sanger to establish a leadership development initiative. Read More

The Brooklyn Community Foundation envisions a fair and just Brooklyn, built on dignity and respect, where all residents have the opportunity to participate and prosper. To achieve this vision, the foundation places racial Read More