How the McKnight Foundation Is Investing Its $3 Billion Endowment to Fight Climate Change
McKnight is taking a more aggressive stance than other grant makers by pledging to reduce its investments in companies that emit greenhouse gases and moving its assets to those advancing a green economy.
By Alex Daniels
Senior Editor, Foundations
Michael Bloomberg Pledges $120 Million to Curb Drug Overdose Deaths
Today’s pledge more than doubles a $50 million commitment Bloomberg made in 2018, but experts warn billions of dollars are needed from government and philanthropy to fight the crisis.
By Alex Daniels
Senior Editor, Foundations
Some $1.7 billion will go to Indigenous and grassroots groups working to protect forests. Jeff Bezos is committing $2 billion in other efforts to benefit the climate.
By Alex Daniels
Senior Editor, Foundations
Grant Makers Pour Dollars Into Improving How Kids Learn Amid Continued Covid Concerns
Foundations are especially concerned about finding ways to help the hardest-hit youngsters: those who come from low-income families as well as students of color.
By Alex Daniels
Senior Editor, Foundations
With more than $2 million in grants from the nation’s biggest foundations, a group of philanthropy leaders Tuesday announced the public kickoff off a campaign to drive greater giving of time and money, especially from middle- and low-income Americans.
By Alex Daniels
Senior Editor, Foundations
Foundations and Big Donors Quadruple Fund to Transform Lives of Workers and Their Families
Ford, Rockefeller, and people like MacKenzie Scott and Jack Dorsey are seeking to build better paying jobs and find ways to ensure wages and benefits meet the needs of workers who today see little opportunity.
By Alex Daniels
Senior Editor, Foundations
Big Foundations Show Little Change in Having Their Assets Managed by Women or People of Color
Thirty of the largest grant makers deployed a total of about $11 billion, or 16.6 percent of their endowment investments, with firms controlled by women or people of color, according to a new study commissioned by the Knight Foundation.
By Alex Daniels
Senior Editor, Foundations
Gates and Rockefeller Warn World Leaders About the Pandemic’s Impact on the Lives of the Poor
Two of the wealthiest foundations say that without larger government and philanthropic investments in the manufacture and delivery of vaccines to people in poor nations, the pandemic could set back global progress on education, public health, and gender equality for years.
By Alex Daniels
Senior Editor, Foundations
Ford and Mellon: Targets for the Philanthropy Roundtable’s CEO
In her criticisms of “woke” philanthropy, Elise Westhoff has made special mention of two foundation presidents: Darren Walker of the Ford Foundation and Elizabeth Alexander of the Mellon Foundation. Both leaders are Black.
By Alex Daniels
Senior Editor, Foundations
Blank Foundation Poised for Big Grant Increases, Aiming for a Ripple Effect in the South
Fay Twersky, the new leader of the foundation, says democracy, the environment, and youth development will be primary areas of focus.
By Alex Daniels
Senior Editor, Foundations