Donors Say They Were Ghosted by a $10 Billion DAF
The SDG Impact Fund is under investigation, and a half dozen donors say the money they entrusted to the fund — to support charitable activities related to the U.N. Sustainability Goals — has not been put to its intended use.
By Alex Daniels
Senior Editor, Foundations
Facing Free Speech Threats, Foundations Prepare for Next Volley From the White House
In preparing a response to expected policy changes, foundation leaders appear to walking a delicate line between exposing themselves to threats from the administration and remaining stalwart — and visible — institutions.
By Alex Daniels, Stephanie Beasley and Ben Gose
100-Plus Foundations Stand United as White House Goes on the Attack
The philanthropies wrote an open letter that condemns political violence and defends their freedom of speech and the freedom to give.
By Alex Daniels
Senior Editor, Foundations
Kresge Foundation Returns to Detroit After Decades in the Suburbs
After the 1967 riots, the Kmart-funded philanthropy moved its headquarters to Troy, Mich. The move back to Detroit will be accompanied by $180 million in funding for the northwest section of the city.
By Alex Daniels
Senior Editor, Foundations
Walton Family Foundation Loses Fourth Leader Since 2016
Stephanie Cornell will step down as executive director of the $7 billion Walton Family Foundation, the philanthropy Walmart built.
By Alex Daniels
Senior Editor, Foundations
New Trump Order Injects Politics Into Federal Grant Decisions
Each agency will have a political appointee to ensure its grants advance the president’s priorities, and agencies will be free to terminate grants for any reason.
By Alex Daniels
Senior Editor, Foundations
What Is More Urgent Than Today? Why Some Foundations Are Choosing to Wind Down
Among the main reasons philanthropists decide to spend down: the desire to make an immediate impact and fear that future generations won’t adhere to their wishes.
By Alex Daniels
Senior Editor, Foundations
Should Every Foundation Sunset? Weighing the Pros and Cons
Operating in perpetuity and spending down can both be effective strategies. The key is for a foundation to match its spending approach to its purpose.
By Alex Daniels
Senior Editor, Foundations
$2.5 Billion Pledge Makes Women’s Health a Priority in Gates Spend-Down
The new commitment will triple the amount the foundation spends on women’s health innovation and signals its continued interest in the work after the departure of Melinda French Gates.
By Alex Daniels
Senior Editor, Foundations
Nonprofits Press Trump to Keep Politics Out of Church
More than 1,000 organizations have signed a letter asking the Trump administration to keep politics out of houses of worship.
By Alex Daniels
Senior Editor, Foundations