Big Shifts for Philanthropy: What’s Coming in the Decade Ahead
Where is philanthropy headed over the next 10 years?
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
Ariz. Real-Estate Magnate Pours Holdings Worth $129 Million Into Community Foundation
Plus, a nonprofit journalism group receives $50 million to launch a new online publication, and three universities and a park in Tennessee receive big gifts.
By Maria Di Mento
Senior Editor
Chan Zuckerberg Initiative Awards $33 Million for Climate-Change Technology
Also, Apple gave $25 million to California State University at Northridge to build the Global Hispanic Serving Institution Innovation Hub, and PNC Foundation pledged $16.8 million to create a center for entrepreneurship education and research for HBCUs.
By M.J. Prest
Senior Editor, Solutions
100 Teens Get Lifetime Support to Foster Global Service Work
The winning teens, from 42 countries, will receive lifetime access to higher-education scholarships, career development, and funding for projects they create for public benefit.
Fredric Levin Leaves $40 Million to U. of Florida Law School
Plus, six universities, an art museum, and other nonprofits received big gifts.
By Maria Di Mento
Senior Editor
To Help Save the Planet, Philanthropy Must Take a Deep Dive Into Ocean Conservation
The United Nations Climate Conference next week should serve as a wake-up call for philanthropy both to recognize the role oceans play in mitigating climate change and to significantly step up funding to protect the world’s seas.
By Julie Packard
Contributor
Foundation President Talks About Why Investing in Arts Can Support a More Equitable Society
In the sixth episode of Giving Done Right, Season 2, the Center for Effective Philanthropy’s Phil Buchanan and Grace Nicolette talk with Elizabeth Alexander, poet and president of the Andrew W. Mellon Foundation.
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
As Foundation Assets Balloon, Their Giving Needs to Catch Up — Now
Rather than aiming their fire at donor-advised funds, those concerned about charitable giving should focus on large foundations, flush with stock-market cash, that have failed to match their growing assets with higher rates of nonprofit funding.
By Howard Husock
Contributor
Howard Hughes Medical Institute Commits $2 Billion to Diversify Pipeline of Scientists
Also, Lululemon Athletica pledged $75 million to make grants for health and well-being through exercise, mindfulness, and advocacy, and Bloomberg Philanthropies gave $43 million to create the Bloomberg Center for Public Innovation at Johns Hopkins University.
By M.J. Prest
Senior Editor, Solutions
New York City Activists, Residents Awarded $1 Million Prize
This year’s winners the David Prize, an annual $1 million award for York City residents have been announced. The prize is named after billionaire real estate developer David C. Walentas and financed by his Brooklyn-based family foundation.
Gates Foundation to Spend $120 Million on Access for Covid-19 Pill
The Bill and Melinda Gates Foundation announced it will spend $120 million to boost access to generic versions of drugmaker Merck’s antiviral COVID-19 pill for lower income countries, if the drug gets approved by regulators.
Ford Foundation to Divest Millions From Fossil Fuels
For years, climate activists have pressured endowed institutions like Ford to divest. Now the grant maker will invest in alternative and renewable energy.
To Create a More Inclusive Future, Philanthropy Should Examine the Overlooked Chapters From its Past
Women, Black people, and immigrants — not just wealthy industrialists — fueled 20th-century philanthropy in cities like Pittsburgh. Understanding their historic role is critical to developing more just and equitable philanthropic practices today.
By Kathleen W. Buechel
Contributor
Lancaster Community Foundation Receives $65 Million
Plus, Howard University lands $5 million from the Baltimore financier Eddie Brown and his wife, Sylvia.
By Maria Di Mento
Senior Editor