With $48M in philanthropic backing, a division of USAID relaunches as nonprofit

A division of the U.S. Agency for International Development eliminated by Trump administration cuts last year was reborn Thursday as an independent nonprofit. Some of the leaders and staff who worked at the Development Innovation Ventures division of USAID will continue their work through the new independent nonprofit DIV Fund. They've raised $48 million from two private funders, which include the foundation Coefficient Giving. The new nonprofit is a rare, well-funded example of private efforts to rescue foreign assistance programs cut by the Trump administration last year. Secretary of State Marco Rubio has said USAID was corrupt and inefficient and foreign aid would be different going forward.