Billionaires Michael Moritz and Harriet Heyman have launched an ambitious $150 million initiative aimed at enhancing San Francisco. Through their foundation, Crankstart, they invite innovative solutions to tackle urgent housing and economic challenges. Organizations can compete for funding, with the evaluation process culminating in a decision set for autumn 2027. This competition highlights the city’s increasing dependency on private philanthropy in addressing critical public needs. Billionaires Michael Moritz and Harriet Heyman have launched an ambitious $150 million initiative aimed at enhancing San Francisco. Through their foundation, Crankstart, they invite innovative solutions to tackle urgent housing and economic challenges. Organizations can compete for funding, with the evaluation process culminating in a decision set for autumn 2027. This competition highlights the city’s increasing dependency on private philanthropy in addressing critical public needs.
