The Richard King Mellon Foundation was created in 1947 by Richard King Mellon, the president and chairman of the Mellon Bank.
The foundation's current giving priorities primarily serve Southwestern Pennsylvania with programs that focus on Regional Economic Development and Conservation, along with Education and Human Services and Nonprofit Capacity Building.
The foundation contributes to variety of endeavors to stimulate business development, to promote economic health in rural areas, to leverage the economic impact of the regional health care, education and cultural assets, and to attract and retain talented people to Southwestern Pennsylvania.
The proposed Social Investment Tax Relief (SITR) has UK civil society and social organizations stirred up this season. The supposed tax relief on investment in social impact bonds will support the UK social economy.