Sarah Perez reporting on the financial backing of the new Social Web Foundation. This is an impressive start:

"The Ford Foundation has also offered the organization a large grant to get the project started. In total, SWF is closing in on $1 million in financial support."

https://techcrunch.com/2024/09/24/as-the-open-social-web-movement-grows-a-new-nonprofit-launches-to-expand-the-fediverse/