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Seattle Microfinance Group Dissolves

July 7, 2010

Unitus, a microfinance organization in Seattle, has announced that it is ceasing its operations and all 45 of its employees are losing their jobs, reports the Puget Sound Business Journal. Unitus officials said whatever money is left after it fulfills its current commitments will go toward a new charity that will focus on fighting poverty.


About the Author

Senior Editor

Maria directs the Chronicle of Philanthropy’s annual Philanthropy 50, a comprehensive report on America’s most generous donors. She writes about wealthy philanthropists, family and legacy foundations, next generation philanthropy, arts organizations, key trends and insights related to high-net-worth donors, and other topics.