
Water.org announced a $1 billion plan Tuesday to help 100 million people in Africa, Asia and Latin America get lasting access to water and sanitation.
The Water.org Water & Climate Fund, unveiled at the Clinton Global Initiative conference in New York, plans to use $50 million in philanthropic money to create a billion-dollar investment portfolio to help bring new water delivery and wastewater treatment projects to underserved communities, then use those communities’ utility bills to fund further projects. Amazon donated the first $10 million of philanthropic money needed for the fund.