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.
By Alex Daniels
Senior Editor, Foundations
What MacKenzie Scott’s Gift Means to Me and the Organization I Chair
Philanthropist Elaine Wynn finds a kindred spirit in MacKenzie Scott and hopes for a new generation of philanthropic leaders.
$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.
By Alex Daniels
Senior Editor, Foundations
A new Ford Foundation-backed project aims to mend toxic societal divisions that threaten philanthropy’s most fundamental work, including its ability to bring people together to address enormous challenges such as systemic racism and climate change.
By HILARY PENNINGTON and Mark Freeman
Donors like to see their names on new building additions, and some find ways to promote diversity while doing so, but there are more direct ways to make staffs and collections more inclusive, a Georgetown scholar argues.
Goldman Sachs Foundation to Donate Up to $250,000 to 50 Black Women-Led Nonprofits
The new effort will provide unrestricted funds to groups working in health care, education, housing, digital connectivity, job creation and several other areas.
By Kristen Griffith
Contributor
U. of California at Irvine Receives Nearly $60 Million Bequest for Depression Research
Plus, two other universities, the Boys & Girls Clubs of America, and a health system for children all landed big gifts.
By Maria Di Mento
Senior Editor
The organization has long been pushing donors to direct money toward nonprofits they may have never heard of before — small charities working to rebuild communities. Its peers around the country have taken notice.
By dan.parks
Contributor
MacKenzie Scott’s Investment in the Global Queer and Transgender Movement Is a Game Changer
For years LGBTIQ groups have received scraps from philanthropy despite continuing mistreatment and a growing backlash against the community worldwide. Scott’s generous support for groups like ours shows why giving more is critical.
By Katie Hultquist
Contributor
Also, the Stavros Niarchos Foundation gave $15 million to develop a pediatric mental-health program in Greece and Chan Zuckerberg Initiative opens a grant competition for biomedical researchers who advance diversity, equity, and inclusion in their scientific fields.
By M.J. Prest
Senior Editor, Solutions
Nonprofits That Serve Low- and Moderate-Income People Show Fewer Signs of Covid Disruption
Thirty-four percent of those charities say they continue to suffer “significant disruption” amid the pandemic, down from 71 percent during the peak of their pandemic-era distress, according to a study from the Federal Reserve.
By dan.parks
Contributor
Persistent Myths About Disaster Giving Continue to Create Major Funding Shortfalls
Philanthropy stepped up in a big way to address the pandemic, but its support for relief and recovery efforts following other climate-driven and humanitarian disasters remains stunningly low. Grant makers need to break out of old patterns that stand in the way of increased giving.
By Regine A. Webster
Contributor
26-Year-Old’s $70 Million Donation Puts Him on the List of Top Donors of 2021
Austin Russell, the founder of Luminar Technologies, determined that per capita philanthropic giving in Orlando lagged other cities.
By Ben Gose
Senior Editor
Why a Young Billionaire Who Led Trip to Space Gave $125 Million to Children’s Hospital
When Jared Isaacman led the first all-civilian trip to space, he and his wife, Monica, donated $125 million to St. Jude’s Children’s Research Hospital — and encouraged others to give as well.
By Ben Gose
Senior Editor
How a Truckdriver-Turned Harvard MBA Came to Give $101 Million for Nursing Education in Mont.
Mark and Robyn Jones believe their donation to Montana State University will have a bigger impact than if they had made a similar gift to Harvard Business School, where Mark earned an MBA.
By Ben Gose
Senior Editor
Our Annual Philanthropy 50: Top Donors Returned to Pre-Pandemic Causes in 2021
Despite the continuing Covid threat and racial-justice problems, the nation’s wealthiest donors have largely returned to old standbys — handing out big sums to universities, medicine, and their own foundations. But there are exceptions and some interesting new faces.
By Maria Di Mento and Ben Gose