$20 Million Contribution Seeks to Spark Donor-Advised Fund Gifts to Groups Led by People of Color
The Kataly Foundation made the grant to a group that will require donors to give at least 10 percent of their assets each year.
By Alex Daniels
Senior Editor, Foundations
Philanthropy observers see her signal as a sign that she wants other donors also to do more to hear from nonprofits, though some wish she had gone further.
By Alex Daniels
Senior Editor, Foundations
Billionaire Couple Offers Money to an Unusual Beneficiary: Philanthropic Foundations
A prominent technology billionaire couple today made an unusual pledge: offering money to expand programs foundations have started that are demonstrating early success.
By Alex Daniels
Senior Editor, Foundations
Gates Foundation Plans to Sustain Higher Giving Level as It Appoints 3 Independent Board Members
A Zimbabwe telecommunications billionaire who has committed to the Giving Pledge, the head of the London School of Economics, and the co-founder of the Bridgespan philanthropic consulting organization will be added to the board, as will Mark Suzman, the chief executive of the Gates Foundation.
By Alex Daniels
Senior Editor, Foundations
New Nonprofit Leaders of Color Bring Change but Also Face Hurdles
At least 20 big nonprofits appointed leaders of color in the past year. The new CEOs face daunting challenges in some cases — past charges of racism by employees or clients — but many are finding ways to move their organizations forward.
By Alex Daniels
Senior Editor, Foundations
$1 Billion in Gifts Attracts New Attention to the Rules on Charities and Political Giving
The New Venture Fund doubled its donations last year, becoming what some see as a liberal powerhouse to counter Charles Koch’s support of conservatives charities and advocacy groups.
By Alex Daniels
Senior Editor, Foundations
As Foundation Assets Grow Fast, Some Grant Makers Are Giving Much More
Investments made by foundations with assets greater than $500 million saw a return of 13.1 percent this year through November, prompting debates in many boardrooms about the wisdom of sending more money out the door now.
By Alex Daniels
Senior Editor, Foundations
8 Big Foundations Call on Wealthy Countries to Spread Vaccines to Poor Nations
In response to the Omicron variant, grant makers also urged global leaders to lift travel restrictions imposed in recent days.
By Alex Daniels
Senior Editor, Foundations
Carnegie’s New Leader Expected to Maintain Status Quo but Add Spark to the Foundation
Louise Richardson, who was named Thursday to head the Carnegie Corporation of New York, says she has no plans to change the institution but will re-examine its operations when she takes over the job in 2023.
By Alex Daniels
Senior Editor, Foundations
Carnegie Corporation Names Oxford U. Official Louise Richardson as New Leader
Richardson, who serves on Carnegie’s board, replaces Vartan Gregorian, who died unexpectedly in April.
By Alex Daniels
Senior Editor, Foundations