PITTSBURGH (February 25, 2022) – The Almono Limited Partnership – owners of Pittsburgh’s Hazelwood Green – and Carnegie Mellon University announced today that they reached agreements with Tishman Speyer, one of the world’s leading developers, owners and operators of cutting-edge real estate, to transform the 178-acre site into a global center for tomorrow’s economy anchored by […]
Category: News
RKMF Announces the Winners of its $1 Million Pitch Competition
Submissions were so strong, the Foundation decided to invest another $2.3 million in 13 other finalist companies More to come – RKMF expects to invest $50 million over the next 10 years in for-profit companies with public missions PITTSBURGH (January 26, 2022) – The Richard King Mellon Foundation today announced the winners of its first-ever […]
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Foundation Kicks Off New 10-Year Strategic Plan with Record Year of Grantmaking
PITTSBURGH (December 16, 2021) – As 2021 draws to a close, the Richard King Mellon Foundation is closing the books on a record year. The Foundation’s Board of Trustees has approved more than $372 million in grants in 2021, by far its largest grantmaking year ever. And it so far has received 838 applications for funding, […]
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Bobby Zappala & Kevin L. Jenkins to Join Richard King Mellon Foundation
PITTSBURGH (December 16, 2021) – Two Pittsburgh leaders with deep expertise in key aspects of the Richard King Mellon Foundation’s new Strategic Plan are joining the Foundation team. Bobby Zappala, chairman of Ascender, one of the area’s leading business incubators, will be a Program Officer, focused on philanthropic investments in for-profit companies, called Social-Impact Investments. And […]
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University of Pittsburgh, Richard King Mellon Foundation Announce Transformative Gift, Partnership to Make Pittsburgh Region a National Leader in Life Sciences Manufacturing
PITTSBURGH (November 17, 2021) – The University of Pittsburgh and Richard King Mellon Foundation today announced a $100 million gift that will advance the region’s burgeoning life sciences economy by creating an anchor bioresearch and development facility on Hazelwood Green, the sprawling former industrial site near Downtown Pittsburgh being restored into a center for high-tech […]
Richard King Mellon Foundation Announces Panel of 54 Expert Judges for Social-Impact Pitch Competition
PITTSBURGH (August 23, 2021) – Fifty-four local and national leaders with expertise in business, entrepreneurship, conservation, economic development, economic mobility, health and well-being and philanthropy have agreed to help judge the Richard King Mellon Foundation’s first-ever social-impact pitch competition. “Harnessing the ingenuity and passion of for-profit businesses to achieve social good is a powerful […]
A Pitch Competition with a Philanthropic Twist: Richard King Mellon Foundation Announces $1 Million in Prizes for Businesses with the Best Social-Mission Ideas
PITTSBURGH (July 14, 2021) – The Richard King Mellon Foundation today announced a pitch competition with a twist: The winners will be determined, not just by their prospects to make money for investors, but most importantly by their potential to improve economic development, economic mobility or health and well-being for the people of Southwestern Pennsylvania; […]
Richard King Mellon Foundation Invests $2.6 Million to Help Create Broader Access to New-Economy Jobs
PITTSBURGH (July 7, 2021) – Having invested significantly over the years to help Pittsburgh become a national and international leader in the creation of new-economy jobs, the Richard King Mellon Foundation, as part of its new Strategic Plan, is making a more concerted effort than ever before to help ensure that everyone in the region […]
Carnegie Mellon, Richard King Mellon Foundation Announce Historic Partnership to Accelerate CMU’s Science and Technology Leadership and the Transformation of Hazelwood Green
PITTSBURGH (May 20, 2021) – Carnegie Mellon University and the Richard King Mellon Foundation today announced that the two long-time partners will together make a transformational investment in science and technology leadership at the university; in a more vibrant future for the Hazelwood neighborhood; and in Pittsburgh’s ongoing economic renaissance. The Foundation has approved a $150 […]
Richard King Mellon Foundation Seeks Powerful Ideas to Create “Places of Opportunity” for Young People
PITTSBURGH (May 3, 2021) – A key focus of the Richard King Mellon Foundation’s new Strategic Plan is Economic Mobility – increasing opportunities for children and youth from families with lower incomes in Allegheny and Westmoreland counties today, so they can prosper as adults tomorrow. And a key pillar of the Foundation’s Economic Mobility strategy […]