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
Lilly Endowment Taps Board Member to Serve as New President
Jennett Hill will become the first Black woman leader of the nation’s second wealthiest foundation.
By Alex Daniels
Senior Editor, Foundations
Ford and Robert Wood Johnson Foundations Put $7.5 Million Into Efforts to Give Tenants Clout
The funding takes a very different tack from most philanthropic work on housing. It seeks to build organizing power for those at risk of eviction rather than making low-cost loans, for instance.
By Alex Daniels
Senior Editor, Foundations
MacArthur Grant Aims to Help People With Disabilities Find Work in Philanthropy
Fellows get training through an organization called RespectAbility as part of the organization’s push to make up for a void on foundations staffs: Less than 1 percent of people at foundations have a disability, according to a recent study.
By Alex Daniels
Senior Editor, Foundations
Melinda French Gates and MacKenzie Scott Join Forces to Support Women’s Causes
The $48 million announced today, some of which is coming from the Schusterman Family Philanthropies, will go to nonprofits that advance women’s equality in innovative ways. Scott and French Gates are joining together as part of a push to encourage more billionaires and wealthy grant makers to increase their support for women’s causes.
By Alex Daniels
Senior Editor, Foundations
MacArthur Issues $80 Million in Grants From Its Bond Offering
The MacArthur Foundation has now committed nearly all of the $125 million it raised in a bond offering last summer.
By Alex Daniels
Senior Editor, Foundations