A Foundation’s Barriers Come Down, One by One
Before the onset of Covid and the uprisings that followed the murder of George Floyd, the trustees of the Stupski Foundation had already made a huge grant-making decision: The fund would give away all its money by 2029 and shut down. Plus: Read about whether foundations are keeping the <a href="https://sandbox.philanthropy.com/article/are-foundations-doors-opening">grant-making changes</a> they began during the pandemic.
Foundations Moved to Fix Cumbersome Applications — but Grantees Say More Is Needed
Efforts to ease the proposal and review process are part of a rethink about how grant makers can demonstrator they trust nonprofits to use philanthropic funds wisely.
Helene Gayle Plans to Put Her Fundraising Prowess to Work Leading Spelman College
As head of the Chicago Community Trust, Gayle demonstrated how local leaders can advance equity and pursue advocacy in addition to making grants.
It’s not just basic humanitarian assistance but threats to civil society, global hunger, and health care that require grant makers to focus on what comes next, says Mark Malloch-Brown, head of the Open Society Foundations.
5 Academic Institutions Get $40 Million to Promote Rethinking About the Economy
The Hewlett Foundation and Omidyar Network are supporting five institutions to challenge today’s notions about the role of markets and governments. They say more foundations are about to join them.
$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.
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.
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.
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.
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.