$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
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