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2025 US ACT on Health Equity Community Investments Recipients
Author: Kennesha VanBurch, Director, Health Equity and Community Investment Partnerships 2025 marks the fifth year of the US Accelerate Change Together (ACT) on Health Equity: Community Solutions Challenge (CSC) and National Strategic Collaborations (NSC). This year, we received more than 250 applications from organizations across the country dedicated to prioritizing the social, cultural and linguistic needs of communities that have experienced barriers to care and opportunity. The overwhelming response underscores the vital role these organizations play in advancing health equity at the local level and across the nation. Since the launch of ACT on Health Equity in 2021, the initiative has invested more than $18 million in nonprofit organizations and their health equity programming through CSC and NSC. This year, $3.4 million in funding has been provided to 47 nonprofit organizations that focus on healthcare access, nutrition and lung health. Together, we are making meaningful progress toward health equity across the US. Supporting Organizations Advancing Community Well-being and Health Equity The awarded organizations address critical needs across health, education, and social support through initiatives aligned with AstraZeneca’s areas of expertise, including lung disease, lung and breast cancer, and cardiology. Their work spans across culturally competent senior care, equitable healthcare access, cancer and chronic disease support, and preventive health education, as well as hunger relief, community gardening, dental and transportation services, and resources for underserved families. Together, they are working to remove barriers to care, reduce preventable conditions, and empower individuals and communities of all ages and backgrounds to achieve better health outcomes. Photo courtesy of Medical Motor Service of Rochester and Monroe County, Inc. Description: MMS driver speaking to a Wegmans shopper. GGWNY staff; Lincoln Memorial Church Community Garden and lead gardener Diane Learn more about our recipients and the impact they make within their communities below. Community Solutions Challenge Advocates for Women’s Health, Inc. Advocates for Women's Health exists to provide access to high quality prenatal care and gynecology care to lower-income communities in and around Fresno, CA. They operate a nonprofit OB/GYN clinic located in Fresno. American Rescue Workers (ARW) ARW is a faith-based, non-profit organization providing homelessness and hunger prevention services in Central PA since 1934. ARW cares holistically for men, women, and children who find themselves facing food insecurity, and emergency situations that may lead to homelessness, or an actual homeless crisis, by providing shelter and social services. ARW serves people no matter their faith, regardless of faith. Asian Americans Advancing Justice Southern California (AJSOCAL) AJSOCAL is a social justice organization that protects and strengthens the rights and dignity of AAPI communities, especially those that are most disadvantaged. Byrd Cancer Education and Advocacy (BCEA) BCEA’s mission is to effectively assist individuals battling cancer by connecting them to vital support and resources. BCEA ensures that all relevant information reaches those in need, guiding them towards the resources necessary to fight their battle against cancer. Catholic Charities of the Diocese of Santa Rosa Catholic Charities of the Diocese of Santa Rosa creates access to opportunities for self-sufficiency by providing innovative and compassionate services to people of all backgrounds, beliefs and cultures. Chosen Hearts Chosen Hearts’ mission is to rebuild lives and restore hope by fostering a sense of community and creating lasting, positive change. Columbia Student Medical Outreach The Columbia Student Medical Outreach Program (CoSMO) Clinic is the oldest and largest student-run free clinic at the Vagelos College of Physicians and Surgeons at Columbia University. At its core, CoSMO is guided by the belief that all people—regardless of immigration or insurance status—deserve access to high-quality, equitable medical care. Eagle’s Nest Community Kitchen and Resource Center and Mobile Pantry Eagle’s Nest Community Kitchen, Resource Center and Mobile Pantry’s mission is to empower underserved and rural communities through hands-on STEM education grounded in sustainable agriculture. By combining mobile workshops, community gardens, and mentorship, they deliver accessible training in science, technology, engineering, and math that builds practical skills, advances food security, and fosters environmental stewardship. Through collaborative partnerships and by honoring local knowledge, they cultivate resilient communities and inspire the next generation of agricultural innovators. eClose Institute eClose Institute’s mission is to make medically relevant scientific discoveries using an education platform that embraces equality and empowers participants to contribute ideas, life experience and experimental data to improve disease treatment. Equal Hope Equal Hope is an organization dedicated to saving lives and improving quality of life by eliminating health inequities. This organization challenges the status quo in striving to understand the context of people’s lives and the barriers they experience to help them achieve better health outcomes for their lives. Through research, quality assessment and improvements, advocacy, education, and patient navigation, they approach health holistically to achieve sustainable outcomes and true health equity. Food For Free Committee Food For Free improves access to healthy food through establishing innovative programming and partnerships to overcome barriers and strengthen the community food system. They believe that access to healthy food is a fundamental right. Grassroots Gardens of Western New York (GGRWNY) The missions of GGRWNY is to share knowledge, powers, and resources to grow health food, heal systemic harm, and strengthen neighborhood connections through community gardens. Greater Providence YMCA (GPYMCA) GPYMCA builds healthy spirit, mind, and body for all, through inclusive programs and relationships grounded in core values of caring, honesty, respect, and responsibility. Programs are intentionally designed to close equity gaps in health, education, and wellness. GPYMCA serves individuals and families across all life stages and income levels, including medically vulnerable and underserved populations. Hearts of Valor INC Hearts of Valor’s missions it to keep the heart pumping through advocacy, collaboration, education, and support. Ibn Sina Foundation Ibn Sina Foundation ensures the health of the community by providing integrated, preventive, and primary care in a clinical setting through the dissemination and application of health-related knowledge, thereby enhancing the quality of life for future generations. India Home India Home is a non-profit organization dedicated to addressing the needs of and empowering the South Asian and Indo-Caribbean senior immigrant community in New York City through culturally competent services. At India Home’s centers, seniors find community and resources through a diverse range of programs and activities. Programs include congregate meals, creative aging programs, case management programs, and educational talks on health, nutrition, financial safeguards and elder law. La Colaborativa La Colaborativa empowers the Latinx community, enhancing social and economic health, and holding institutional decision-makers accountable. Lancaster County Food Hub At the heart of the Lancaster County Food Hub’s (LCFH) work is a strong commitment to meeting basic human needs, fostering respectful relationships, and connecting neighbors with supportive services in a nurturing and welcoming environment. Guided by their vision of a Lancaster County where every individual is supported and empowered to live with dignity and stability, they strive to not only provide immediate relief but also to create pathways to lasting self-sufficiency. Maryland Foundation of Dentistry (MFD) MFD is dedicated to improving oral health outcomes and preserving dental function for one of the state’s most vulnerable populations: adults with intellectual, physical, and/or developmental disabilities who are unable to afford the cost of dental care. Maternity Care Coalition (MCC) The missions of MCC is to improve the health and well-being of pregnant women and parenting families and enhance school readiness for children 0-3. MCC achieves this through direct service, advocacy, and research, in collaboration with individuals, families, providers, and communities. Medical Motor Service of Rochester and Monroe County, Inc. Medical Motor Service of Rochester and Monroe County’s mission is to provide specialized transportation for community organizations, as well as individuals with disabilities and special needs to improve their independence and quality of life. Milwaukee Consortium for Hmong Health (MCHH) MCHH’s mission is to create a thriving and healthy Southeast Asian and Hispanic community by empowering families through education and screenings. MCHH utilizes established community health workers and focuses on addressing health disparities related to cancer and chronic disease among the Hmong, Bumese, Karen, Karenni, Lao, and Hispanic populations living in Milwaukee, WI and other areas if needed. Mission Hospice and Home Care Mission Hospice and Home Care is delivering compassionate support and exceptional care in the home for individuals and communities, guiding them with choice and dignity to navigate significant care decisions. North Alabama AHEC (NAAHEC) The mission of the NAAHEC is to improve healthcare access, quality, and equity in rural and underserved communities across North Alabama. They strengthen the health workforce - particularly through the development of community health workers by providing comprehensive training, resources, and advocacy. By fostering strong community partnerships and promoting healthcare literacy, NAAHEC aims to address disparities, improve outcomes, and cultivate a healthier future for North Alabama. Our Neighbors’ Table Hunger comes in many forms. Our Neighbors’ Table is committed to establishing a community that provides for the whole person with nourishing food, kindness and dignity. Panhandle Breast Health Panhandle Breast Health works to decrease breast cancer deaths by providing education and reducing financial barriers to increase screening rates. Pitney Meadows Community Farm Founded in 2026, Pitney Meadows Community Farm’s mission is to celebrate and explore agricultural education, healthy food production, and recreation. Located on 166 acres in the heart of the city of Saratoga Springs and preserved in perpetuity as a working farm, Pitney Meadows is a unique resource. Prince William County Community Foundation (PWCCF) PWCCF’s mission is to create a stronger, healthier, and more connected community by addressing critical needs in food insecurity, health & wellness, scholarship, and philanthropy. PWCCF is committed to empowering individuals and families through equitable access to nutritious food, comprehensive healthcare, educational opportunities, and community-driven support. By fostering partnerships and promoting sustainable solutions, PWCCF aims to enhance the quality of life for all, ensuring a brighter future for every member of their community. Raytown Christian Church (Raytown Summer Lunch Ministry) Raytown Summer Lunch Ministry’s mission is to provide nutritious and kid-friendly meals to children during the summer months when they are not in school and receiving school meals. Regents of the University of California, Davis UC Davis Health is improving lives and transforming health care by providing excellent patient care, conducting groundbreaking research, fostering innovative, interprofessional education, and creating dynamic, productive partnerships with the community. RSVP Volunteers RSVP Volunteers creates and runs unique community programs powered by skilled volunteers to advance education and wellness for all ages and strengthen nonprofits through capacity-building and volunteer services. Second Harvest Food Bank of Orange County Second Harvest Food Bank of Orange County, in collaboration with partners, provides dignified, equitable and consistent access to nutritious food, creating a foundation for community health. The Icla da Silva Foundation The mission of the Icla da Silva Foundation is to save the lives of patients whose only cure is a bone marrow transplant by providing financial, emotional, and logistical support to remove barriers to treatment. There With Care of the Bay Area Founded in 2012, the mission of There With Care of the Bay Area is to provide a wide range of meaningful and fundamental services to children and families during the critical phase of a medical crisis. Universal Community Health Center Universal Community Health Center’s mission is to provide quality and accessible healthcare to under-served communities and to provide a patient centered model of care to empower communities towards wellness. West Cancer Foundation West Cancer Foundation breaks through barriers to cancer care and improves patient outcomes by providing accessible patient resources, early detection and education, and community-based research. Westside Family Healthcare Westside Family Healthcare’s mission is to improve the health of communities by providing equal access to quality healthcare, regardless of ability to pay. National Strategic Collaborations Foundation of Asthma and Allergy Impact Rescue (AAIR) The mission of The Foundation for Asthma and Allergy Impact and Rescue (AAIR) is to make sure that every child is rescued at school, healthy at home, and connected to care. Family Reach Foundation Family Reach is a nonprofit that provides non-medical financial support to families facing cancer. Cancer treatment requires more than medicine — families need a roof over their heads and food on their tables to survive. If a family can’t meet these basic needs, cancer treatment takes a back seat. They work with patients, providers, and community organizations to challenge the systems that force families to choose between their health and their home. LUNGevity Foundation LUNGevity Foundation is transforming what it means to be diagnosed and live with lung cancer through research, advocacy, and community. This mission brings them closer to their vision: a world where no one dies of lung cancer. Association of Black Cardiologists The Association of Black Cardiologists is dedicated to preventing and treating cardiovascular disease, including stroke, through education, research, advocacy, and community engagement, striving for optimal health for all by eliminating disparities. Cholangiocarcinoma Foundation (CCF) The Cholangiocarcinoma Foundation’s (CCF) mission is to find a cure and improve the quality of life for those affected by cholangiocarcinoma (bile duct cancer). Founded in 2006, in Salt Lake City, UT, by a family who lost a loved one to cholangiocarcinoma, CCF has grown to become the leading global resource in research, education, and public awareness. ZERO Prostate Cancer Zero Prostate Cancer’s mission is to improve and save lives from prostate cancer through advocacy, awareness, education, and support. GO2 for Lung Cancer GO2 for Lung Cancer relentlessly confronts lung cancer on every front, every day, for everyone. As the nation’s leading lung cancer advocacy organization that was founded by patients and survivors, they are dedicated to increasing survival and quality of life for those at risk, diagnosed, and living with lung cancer. National Minority Quality Forum The National Minority Quality Forum (NMQF) is a national 501(c)(3) with a mission to reduce patient risk for all. Young Survival Coalition (Breast) Young Survival Coalition supports the young breast cancer community and ignites global collaboration to improve quality of life worldwide. Black Women’s Health Imperative Black Women’s Health Imperative’s mission is to solve the most critical health issues that Black women and girls face through innovative programs, transformative research, and lifesaving policies.
The Daily’s 2026 Spring Sports Spotlight: A roundup of Northwestern’s season storylines
This time of year can be special for Northwestern. Just last season, then-junior Dianna Lee was fist-pumping on the 18th green of the North Course at the Omni La Costa Resort & Spa and running to her teammates after sinking a National Championship-winning putt against No. 1 Stanford. Around the same time, lacrosse was putting...
GameAbove Sports Bowl at Ford Field canceled ahead of 2026 season
The GameAbove Sports Bowl, the most recent iteration of Detroit's college football bowl game at Ford Field, has folded ahead of the 2026 season.
Utah governor chides Winter Olympics media: 'Hate the questions you ask athletes'
Utah Gov. Spencer Cox chided reporters at the 2026 Winter Olympics on Feb. 10 for asking US athletes about political division in the United States.
Restore Brain Highlights New Insights on How TMS Therapy Works Following Dallas Behavioral Health Summit
Restore Brain executive John Cavanagh shared neuroscience-based insights on TMS during a recent behavioral health summit held in Dallas Restore Brain Logo DALLAS, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Restore Brain, a multi-state interventional behavioral health practice specializing in neuromodulation, today shared new clinical insights into how Transcranial Magnetic Stimulation (TMS) works following a recent Behavioral Health Summit held at UT Southwestern in Dallas, where company executive John C
No. 14 Florida looks to extend SEC lead at Georgia
No. 14 Florida, sitting alone atop the Southeastern Conference, will try to duplicate its defensive effort from the weekend when they travel to play high-scoring Georgia on Wednesday night in Athens, Ga.
Marquette Computer Science faculty named NMDSI professors
The Northwestern Mutual Data Science Institute has appointed Dr. Walter Bialkowski as NMDSI associate professor of practice and Dr. Praveen Madiraju as NMDSI professor.
Submit an abstract for the Social Science Research Symposium | CWRU Newsroom | Case Western Reserve University
Case Western Reserve University’s Department of Anthropology will host its first Social Science Symposium, which will highlight social science resea...
NM high schoolers compete in Southeastern NM Regional Science Bowl
NEW MEXICO (KRQE) – High school students from across New Mexico spent this weekend participating in a tournament of knowledge. The Southeastern New Mexico Regional Science Bowl puts teams to the te…
Face of a 'vampire' revealed: Science rebuilds likeness of man decapitated after death to stop him coming back
Discovered in a fortress in eastern Croatia, the body had been exhumed, beheaded and reburied face down.
Ancient bones reveal chilling victory rituals after Europe’s earliest wars
New evidence from Neolithic mass graves in northeastern France suggests that some of Europe’s earliest violent encounters were not random acts of brutality, but carefully staged displays of power. By analyzing chemical clues locked in ancient bones and teeth, researchers found that many victims were outsiders who suffered extreme, ritualized violence after conflict. Severed arms appear to have been taken from local enemies killed in battle, while captives from farther away were executed in a grim form of public spectacle.
Iowa vies for sixth straight win vs. visiting Northwestern
Efficient shooting and ball security have boosted Iowa to a five-game winning streak entering Sunday's game against Northwestern in Iowa City, Iowa.
No. 25 Tennessee hits road for rematch vs. rebounding Kentucky
Peaking as it enters the second half of Southeastern Conference play, No. 25 Tennessee is searching for revenge and its fifth straight win on Saturday against Kentucky in Lexington, Ky.
Unpacking Future Packers: No. 77, Western Michigan DE Nadame Tucker
Up next in the Unpacking Future Packers Countdown is Western Michigan defensive end Nadame Tucker
Alabama tackles rival Auburn with Charles Bediako case pending
Alabama split back-to-back games against Southeastern Conference co-leaders Florida and Texas A&M.
Edmead scores 23 as Hofstra knocks off Northeastern 80-63
HEMPSTEAD, N.Y. (AP) Preston Edmead had 23 points in Hofstra's 80-63 victory against Northeastern on Thursday.
SEC commissioner warns Bediako case threatens college sports ahead of Friday hearing
Southeastern Conference Commissioner Greg Sankey warned that allowing former professional athletes to return to college competition would threaten the foundation of college sports, as a judge prepares to hear arguments Friday in the NCAA eligibility case involving Alabama basketball player Charles Bediako.
Lawmakers approve $10M for western Wisconsin mental health and treatment facility
Wisconsin lawmakers have released $10 million to help construct a new mental health and substance abuse treatment center in western Wisconsin.
SEC financial boom brings revenue to $1.1 billion, but can it catch the Big Ten?
The Southeastern Conference released financial records that show business is booming after a new deal with ESPN. But can it match Big Ten's wealth?
The Middle East’s Politics Come to NYC
Snow uncleared, garbage piling up? Mamdani’s remedy is to take a page out of the Middle Eastern playbook he’s spent his entire adult life admiring.
WPS announces top-scoring projects at WHS Science and Engineering Fair
This year’s WPS Science & Engineering Fair was one of the largest in recent memory, with over 100 judges, 350 students, and 228 projects. The projects that will move on to regionals have yet to be determined at this time, but Westfield will be bringing up to 17 projects to the regional fair, which will take place on March 6th at Western New England University.
Large blaze breaks out at German research centre
Firefighters are responding to a large blaze that broke out at a research centre in the south-western German city of Darmstadt on Thursday morning, according to police.
Dissecting Illinois’ complete performance in total drubbing of Northwestern
CHAMPAIGN, Ill. — Illinois dominated Northwestern at the State Farm Center in round two of what should always be a closely contested “rivalry” game. Wednesday night was a forgettable chapter in that sense, because Illinois put together its most complete performance in conference play. And it’s the largest margin of victory in conference play this […]
Illinois torches Northwestern, extends win streak to 12
Illinois had no mercy on the Wildcats.
Car washes see increase in business as drivers clean off winter road salt
As snow and ice continue to melt and road conditions improve across eastern North Carolina, drivers are being encouraged to check on their vehicles — especially
Oshkosh Chamber survey reveals optimism for economic growth in 2026
Oshkosh business leaders expect continued growth in 2026 as new survey data show strong hiring plans and steady economic momentum.
Son of Libya’s late dictator Gadhafi shot dead by gunmen, political team says
Saif al-Islam Gadhafi, the son of former Libyan leader Moammar Gadhafi, has been killed in an apparent assassination at his home in the city of Zintan in northwestern Libya, the head of his political team said on Tuesday. He was 53.
Johnson, Hardman lead Akron over Eastern Michigan, 66-64
YPSILANTI, Mich. (AP) Tavari Johnson led Akron with 17 points and Bowen Hardman made a go-ahead 3-pointer with 8.1 seconds left as the Zips took down Eastern Michigan 66-64 on Tuesday.
'System in flux': Scientists reveal what happened when wolves and cougars returned to Yellowstone
Large carnivores are both clashing and coexisting in the western United States. Although wolves dominate cougars and steal their prey, cougars' shift from elk- to deer-heavy diets, paired with a rugged landscape for escape, might help cougars avoid violent wolf encounters.
Prep talk: City of South Gate offers glimpse into neighborhood sports worship
The community in South Gate comes out for high school sports, with three schools near one another. South Gate and South East will play in a Friday Eastern League basketball game.
APT28 Uses Microsoft Office CVE-2026-21509 in Espionage-Focused Malware Attacks
APT28 exploited a Microsoft Office flaw to deliver MiniDoor and Covenant Grunt malware in targeted attacks across Ukraine and Eastern Europe.
Top consulting firms test boundaries with China workarounds
Faced with a fraught geopolitical environment, global consultancies are turning to riskier ways to do business in China that some industry and legal experts say test the boundaries of Western sanctions and Beijing's drive to curb foreign involvement in sensitive sectors.
Western North Carolina plants new STEM educator research community
Society for Science is expanding access to STEM education in Western North Carolina through a new initiative. Sponsored by Appalachian…
The Green River flows ‘uphill.’ Geologists think they finally know why.
The Colorado River tributary in northeastern Utah has baffled geologists for 150 years.
Report advises on how investors can make public health a safe bet
The “Investor Action on Health” report examines how investors can move the dial on health areas to make them ripe for investment.
Norfolk eyes Harbor Park entertainment district
An entertainment and nightlife district could be in the cards for the area surrounding Norfolk‘s upcoming $750 million waterfront resort casino near Harbor Park. The city owns most of the property around the casino site and the ballpark, controlling almost seven acres in an area bordered by the Elizabeth River, railroad tracks and Interstate 264. […]
Are western New Yorkers spending more on digital entertainment as winter sets in?
As winter settles across Genesee County, colder evenings and shorter days are reshaping how households in Batavia and nearby communities spend their discretionary dollars. With outdoor options limited and heating
Meningitis cases rise in major Midwestern city, prompting public health alert
Chicago health officials issue urgent alert after seven meningococcal disease cases, including two deaths. Know the symptoms and warning signs.
750-year-old Indian poems reveal a landscape scientists got wrong
Old Indian poems and folk songs are revealing a surprising truth about the land. Scientists found that descriptions of thorny trees and open grasslands in texts written as far back as the 1200s closely match today’s savannas in western India. This suggests these landscapes are ancient and natural—not ruined forests. The discovery could reshape how conservation and tree-planting efforts are planned.
Delaware State defeats Maryland-Eastern Shore 65-57
DOVER, Del. (AP) Kareem Watson's 14 points helped Delaware State defeat Maryland-Eastern Shore 65-57 on Saturday.
Hunter scores 32, Central Arkansas beats Eastern Kentucky 90-81
CONWAY, Ark. (AP) Camren Hunter scored 32 points as Central Arkansas beat Eastern Kentucky 90-81 on Saturday.
Paul George admits to taking 'improper medication' for mental health issue after NBA suspends him for 25 games
George is averaging 16 points per game for Philadelphia, which is currently sixth in the Eastern Conference standings.
Northwestern-Washington tale of teams walking down similar paths
The men's basketball seasons for Washington and Northwestern have been nearly mirror images of each other.
The video games industry is killing itself and no one seems to care
After a week of bad news for games companies, a reader worries that Western publishers are too far gone for any kind of recovery to be possible.
Midwestern University Appoints One Health Initiative Coordinators
Dr. Karen Gruszynski and Dr. Tiffany Hughes chosen to educate the MWU community on the benefits of One Health
UT Martin visits Western Illinois following Nicastro's 27-point game
UT Martin Skyhawks (11-8, 7-3 OVC) at Western Illinois Leathernecks (17-3, 9-2 OVC) Macomb, Illinois; Saturday, 2 p.m. EST BOTTOM LINE: Western Illinois takes on UT Martin after Mia Nicastro scored 27 points in Western Illinois' 69-55 win over the Southeast Missouri State Redhawks. The Leathernecks are 10-0 on their home court.
Back to Future in the Eastern Mediterranean: Polarization Once Again?
Without doubt, by this alignment Israel, Greece and Greek Cypriots attempt to provoke Ankara in the Eastern Mediterranean.
Cooper Flagg breaks NBA teen record with 49-point game
Cooper Flagg scored 49 points -- the most ever by a teenager in a single NBA game -- but it was not enough to save the Dallas Mavericks from a 123-121 loss to the Charlotte Hornets on Thursday.It was a third consecutive loss for the Mavericks, but a fifth straight win for the lowly Hornets, who sit 11th in the Eastern Conference.
Testing the system: regional simulation exercises advance global health security
These exercises – South-East Asia Regional Practice of All-Hazard IHR Event Communications (SAPHIRE), Joint Assessment and Detection of Events (JADE) in the European Region, and IHR Exercise Crystal in the Western Pacific Region – bring together National Focal points (NFPs), who play a critical role under the IHR in safeguarding global health security. These annual exercises stress-test IHR event communication procedures and contingency plans, demonstrating a sustained commitment by countries to strengthening preparedness and learning.
Northwestern Mutual Data Science Institute launches new website
The Northwestern Mutual Data Science Institute has launched a new website designed to serve as a central hub for news, events and opportunities.
Women’s Sports Bar From Northwestern Alumna Opening Near Wrigley Field
After years in Chicago’s nightlife scene, Flores is launching Level Sporting Club to put women’s sports front and center.
Game Preview: Chicago Blackhawks @ Pittsburgh Penguins 1/29/2026
Who: Chicago Blackhawks (21-23-9, 51 points, 6th place Central Division) @ Pittsburgh Penguins (26-14-11, 63 points, 2nd place Metropolitan Division) When: 7:00 p.m. eastern How to Watch: Locally broadcast on Sportsnet Pittsburgh and CHSN in the local markets, streaming on ESPN+ Pens’ Path Ahead: It’s a week-long sprint to the Olympic break finish line for the Pens. […]
Women's sports fans will have a new place to hang out with opening of Level Sporting Club
Founded by former Northwestern basketball player Clarissa Flores, the bar will be near the heart of sports bars crowding around Wrigley Field.
Winners of 2026 Southwest Wyoming Regional Science Fair Announced
ROCK SPRINGS — Western Wyoming Community College hosted 68 students from five different schools participating in the Southwest Wyoming Regional Science Fair Jan. 22. “The science fair gives students statewide a chance to showcase their scientific creativity and ingenuity. We deeply appreciate the participating students and the teachers and families who support them,” David Tanner,
Investment and Statecraft: The International Politics of Sovereign Wealth Funds - Georgetown Journal of International Affairs
In 1953, Kuwait established the world’s first sovereign wealth fund to invest the country’s oil revenues and generate returns that would reduce its reliance on a single resource. Since then, over 100 separate funds have been created to preserve national wealth and ensure long-term fiscal sustainability. Today, they manage over $10 trillion in global assets. In this discussion with GJIA, political economist Kathryn Lavelle explains the increasingly novel dynamics that surround fund behavior and what the world can come to expect from their growing presence in international financial markets. GJIA: When it comes to the roles sovereign wealth funds (SWFs) play in global markets and politics, what would you say makes them unique? Kathryn Lavelle: Sovereign wealth funds (SWFs) operate on behalf of governments as investors. That in itself is a strange relationship. Within them, a core contest takes place between the state’s interests (or sovereign) part of the dynamic, and the money interests (or wealth) part of it, and these two aspects are frequently in contradiction, serving fundamentally different goals. SWFs are also quite fascinating because when you talk to the people who manage these funds, they have an interest in convincing you that the decisions are made almost exclusively on a financial basis—they really will go to great lengths to differentiate their government owners and those who make the management decisions. At the same time, these people ultimately answer to someone in power. Therefore, for most SWFs, it remains deeply unclear who is actually making the investment decisions and for what purposes. Of course, it is not always clear how other vehicles, such as hedge funds and private equity make the decisions they do, but I think what a lot of people find particularly disconcerting about SWFs is that they seem to act on behalf of people who have a different identity from their own. People who could be trying to manipulate politics and markets in a way that would have a long-term effect on their own populations. Regular investors come and go at will, and they only share an interest in profit as far as most of us understand. However, SWFs have that extra “sovereign” part right behind them that obscures their true interest. GJIA: These funds can be found in countries all across the globe, in both authoritarian states and democracies. Would you say SWFs differ in their goals and structures between regime-type? KL: It is not necessarily regime type that makes the goals and structures of SWFs different. It has to do with their economies. Let’s look at a country like China. There’s going to be a debate about exactly how to characterize the regime, but it is a country with many different kinds of sovereign wealth funds, and a particularly opaque state connection to each. At one time, some of the state-owned Chinese oil companies created specialized investment vehicles listed outside Chinese markets that excluded parts of the firms that were more associated with human rights violations. At the same time, the China Investment Corporation (CIC)—China’s largest SWF—draws a lot of concern, not necessarily because of its investment activities, but because of the dynamics of global politics. So, I wouldn’t really tie differences to regime types themselves in a wholesale way, but rather to how such funds are perceived and how they are structured. Saudi Arabia’s SWF is getting all kinds of attention for its involvement in Hollywood, and this takes me right back to when I was a student in the 1980s, when people were concerned about Japanese investment entities buying assets in Hollywood. They aren’t quite the same in financial terms, but it’s the same kind of concern about foreign investment that drives people to be suspicious, and the whole idea that “foreigners are influencing Hollywood.” This holds true across industries, and it reflects where politics are in places like the United States right now. One metric we can try to look at is transparency, where all the funds will tell you, “we are transparent.” The problem you’ll keep running into with this approach is how you value things. When trying to do comparative studies of equity markets, you’ll find that every country doesn’t use Generally Accepted Accounting Principles like we do in the United States. A fund may appear opaque politically and not want people to show what they’re invested in or what their intent with that investment is, but they could also just not be able to report it because of the way it was purchased, or the kinds of shares they purchased. There are some assets out there that really are difficult to put a monetary value on. GJIA: To what extent do domestic politics shape SWF behavior in both the investing “home” country and the recipient “host” country? KL: This depends on the type of fund present and also on the extent to which voters’ political views are able to influence the fund. For example, in a democratic home state like Norway, the SWF doesn’t invest in nuclear weapons or tobacco because of social concerns, but there is a continuing debate over whether it should invest in oil, even though that’s where most of the money comes from. The degree to which Norway will continue to make those investments, and whether they contradict the government’s overall climate goals, is an open question in Norwegian politics. Because of the way the fund’s governance is structured, it may not be easy to resolve. On the other hand, some people consider pension funds, like the State Teachers Retirement System (STRS) in Ohio, to be quasi-SWF. They have a very strict separation between the people who make up the management division and the fund owners. No teacher or professor would want to invest in things that may harm the future of their students. At the same time, a fund manager might see an opportunity in a diversified multinational corporation that offers a good return, despite it deriving part of its revenue from e-cigarettes. These contests are very apparent. Domestic politics can work in host countries too. A good example is Singapore’s SWF, Temasek, investing in Thailand’s telecommunications sector. If you study political economy, you already know that countries everywhere are uncomfortable with foreign ownership of their telecom sectors because a foreign entity could monitor or manipulate our communications with each other. In the case of Temasek, there was significant pushback from Thai citizens surrounding the deal, which went on to influence national political sentiment toward Singapore as a whole, underscoring the risks some SWFs may face with their investment choices. In this case, fund behavior led to the dissolution of the entire Thai government in 2006 and a subsequent coup d’état. GJIA: To address some of this unease, the Santiago Principles were established in 2009 to ostensibly promote trust and transparency. From your perspective, have these mechanisms actually changed fund behavior? KL: In international relations theory, we always like to have a clear set of norms and best practices—the orientation we want the proverbial ship to be going in. In that regard, the Santiago Principles at least got the discussion going about which direction SWFs should take at a time when people were very skittish about the growing size of these funds. Nobody wanted them to be out there and potentially destabilizing economies, so talks about disclosure, conditions for withdrawal, and the independence of managers were helpful when initiated. The biggest stumbling block was that there wasn’t exactly a good way to measure compliance with the Principles, let alone how to hold funds to them. If you read the Principles, they’re overall quite vague. In general, a fund doesn’t want to reveal how and why they make certain investment decisions because that information is proprietary—a fund makes money off of how and why it makes decisions—so how do you reconcile that with loosely-defined ideas of openness? Some decisions might have a political purpose. The bottom line is that trying to figure out and assign a score to compliance is not easy, and it is therefore the reason why the Santiago Principles never really got off the ground to the point where they could truly direct fund behavior. GJIA: Many emerging markets are looking to build their own SWFs from mineral and oil revenues. Historically, have funds shaped development trajectories in these countries? KL: I think the big story in international emerging markets investment is that the investment is increasingly no longer unidirectional. In the past multinational corporations of primarily Western background were the main form of foreign direct investment in a country. That has changed dramatically, to the point where you have companies from so-called “developing countries” taking over companies in the United States. Therefore, the landscape of international investment has changed, and I think SWFs are certainly a possibility to be the next step in the game. Historically, you didn’t need an entire financial vehicle to reinvest commodity revenues in your country, but as emerging markets get more financially sophisticated, their capacity to operate such funds has increased. SWFs would allow treasuries to move from relying on holding foreign exchange assets like cash or government bonds to having broader financial markets and targeted growth areas, while easing pressure on welfare expenditures. GJIA: With their increasing financial weight, do you see the presence of SWFs being a factor in the political choices leaders will have to make with regard to domestic and foreign policy? KL: It will depend on just how big the funds get. One of the reasons people are already apprehensive is because of their scale, and if certain SWFs in certain countries achieve a large-enough size, the presence will absolutely be cause for concern. The other factor political leaders will have to consider are their objectives. It’s not always clear how to define a SWF, or even where its activity is concentrated, but it is certainly a worry from the perspective of national security of opaque external investment. More than that, I think one of the most interesting questions going forward is whether the United States, the home to the world’s largest financial markets, will develop its own fund, for which the Trump administration announced a plan. There have also been several proposals in Congress. Were it to come into being, it would have tremendous weight. At the same time, one of the hallmarks of U.S. capitalism is a lack of government ownership of shares, so it would not be clear how such a fund would be received in domestic politics, or which direction it would take. Given how politically fragmented the country is, a Democratic administration would likely be concerned about different sectors of the economy, such as healthcare, and want investment there, rather than a Republican administration, which might prefer defense industries. No investment vehicle could thrive under conditions of such instability. Moreover, it remains unclear where the money to fund a theoretical U.S. SWF would come from. It would be a fundamentally different entity depending on whether it is financed with debt, economic surplus, commodities, or the sale of state companies, as in the case of Singapore. If it is debt, or government borrowing of some form, then the fund would have to outperform whatever the cost of that debt is, which is not an easy thing to do. I think our political leaders have enough on their plate. Our system has worked well keeping political and investment functions generally separate. We have seen different forms of business rise and fall, and even the perception of different countries, all of which funds are tied to. Unless a major SWF either starts—like in the case of the United States—or collapses—an issue that concerns the Saudis, I don’t see any political tsunamis on the horizon. . . . Kathryn Lavelle is the Ellen and Dixon Long Professor of World Affairs at Case Western Reserve University in Cleveland, Ohio. Her research explores the exchange between domestic and international and political institutions with a particular emphasis on political economy and multilateralism. Dr. Lavelle’s first book, The Politics of Equity Finance in Emerging Markets, explored the political circumstances that surround large issues of stock in the developing world. After being granted tenure at Case Western, she was awarded an American Political Science Association Congressional Fellowship and named the William A. Steiger fellow, a designation given to the most promising political scientist in her class of fellows. While in Washington during 2006-2007, she worked on the staff of the House Committee on Financial Services on issues related to domestic and international monetary policy. Dr. Lavelle holds a PhD in political science from Northwestern University; an M.A. in government and foreign affairs from the University of Virginia; and a bachelor’s degree in international economics from Georgetown University. She is a permanent member of the New York Council on Foreign Relations. This transcript has been lightly edited for clarity and length. Interview conducted by Sid Mehrotra. Image Credit: Jason Leung, Unsplash Content Licenses, via Unsplash
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