Billionaire industrialist Charles Koch’s policy and political network will formally launch a new charity Saturday that organizers say will apply venture philanthropy to taking on deep-seated social ills, starting with poverty and educational quality, USA Today reports. The new group, Stand Together, aims to raise $15 million this year and will be led by key figures in the Koch orbit, including officials with the Charles Koch Foundation and Charles Koch Institute.
Stand Together’s executive director, Evan Feinberg, previously headed Generation Opportunity, a millennial-focused nonprofit that is part of the array of conservative and libertarian advocacy groups backed Mr. Koch and his brother David. Mr. Feinberg said Stand Together will steer clear of policy fights and that it's "sole purpose ... is to make a real difference in real people’s lives by actually solving the problems they have."
Mr. Feinberg said the group will work with private organizations addressing problems such as gang violence and criminal recidivism, offering grants and organizational support. One of its first ventures is a partnership with Bob Woodson, a prominent African-American conservative and head of the Center for Neighborhood Enterprise.