With $48M in philanthropic backing, a division of USAID relaunches as a nonprofit

WASHINGTON (AP) — A division of the U.S. Agency for International Development eliminated by Trump administration cuts last year was reborn Thursday as an independent nonprofit, allowing its international work to continue in a new form.

This reincarnation of USAID’s Development Innovation Ventures as the nonprofit DIV Fund is thanks to $48 million raised from two private donors. It is a rare instance of continuation after the Trump administration froze all foreign funding last year and unleashed...