Inside Philanthropy
Today, the concept of guaranteed basic income is gaining increasing attention in the U.S. and around the world, and has drawn notable support from philanthropies and megadonors. Guaranteed basic income programs, which provide regular cash payments with no strings attached, aim to ease poverty and strengthen families and communities.
The Steelcase Foundation recently unveiled its own guaranteed basic income program, the Investment in Families Initiative, a 10-year commitment that will provide $1,000 a month to 30 mothers in Kent County, Michigan, with no work requirements or restrictions on how they use the funds.
The Steelcase Foundation is a corporate foundation affiliated with Steelcase, a manufacturing and design company that makes furniture and designs workspaces for offices, hospitals and classrooms. Formerly the Metal Office Furniture Company, Steelcase was founded over a century ago by David Hunting, Walther Idema and Peter Wege. Idema and Hunting created the Steelcase Foundation (originally the Metal Office Furniture Company Foundation) in 1951. Wege established his own eponymous foundation in 1967.
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