Foundations Need to Dig Deeper Into Their Endowments and Give More in 2021
Philanthropic organizations have increased grant making, but often those increases are quite modest. Their approach doesn’t take into account market or social realities.
By David Salem
Contributor
Billionaire Robert Toll Gives UPenn $50 Million for Public-Interest Program (Gifts Roundup)
Plus, four other universities and a healthcare system landed big gifts.
By Maria Di Mento
Senior Editor
Philanthropy Can Help Americans Understand Why Stomping Out Racism Benefits All
Too often people fear they will lose benefits when others gain. The exact opposite is true, as data proves, so it’s time for foundations to drive that message home.
By Vincent Robinson
Contributor
New Data Show Foundation Assets and Grant Making Rebounded Fully After a Crushing Spring
FoundationMark also revised a previous estimates of grant-making this year, saying it will hold steady at about $85 billion.
By dan.parks
Contributor
Philanthropist Urges Congress to Force More Giving From Donor-Advised-Funds and Foundations
A detailed proposal comes as the pandemic, recession, and growing inequality are raising questions about whether philanthropy is hoarding assets.
By Marc Gunther
Contributor
To Help the Formerly Incarcerated, Support Change at the Intersection of Health and Justice
If philanthropists are genuinely committed to anti-racism, improving public health, and ensuring justice for all, helping formerly incarcerated people integrate successfully into communities is an excellent place to start.
By Paula Thompson and Victoria Palacio
Grant Makers Including Ford Push for Sustained Puerto Rico Recovery Effort
Twenty-one grant makers led by the Ford Foundation and Filantropia Puerto Rico have pledged to redouble their support of recovery efforts in Puerto Rico three years after Hurricane Maria barreled through the island.
By Alex Daniels
Contributor
Lilly Endowment Splits $62 Million Among Every College and University in Indiana (Grants Roundup)
Also, the bank Truist has given $40 million to create a new fund that will support nonprofit community development financial institutions, and the Grainger Foundation has committed $32 million to the U. of Wisconsin at Madison’s College of Engineering.
By M.J. Prest
Senior Editor, Solutions
Easy Steps Charities and Foundations Can Take to Safeguard Election Day
Nonprofits can use their skills in mobilizing volunteers to serve as poll workers, their power with mailing houses, and their resources to arrange free rides for voters who can’t afford to get to the polls — all important steps in a time of social distancing.
By Jamison Shipman and Garrett Pratt
Twitter’s Co-Founder Is Giving on a Grand Scale
Recipients have called Jack Dorsey’s grants game-changing, and they come swiftly, with few if any reporting requirements.
By Maria Di Mento
Senior Editor
Former Atlantic Records Executive Gives $50 Million for a New Medical Campus (Gifts Roundup)
Plus, four universities received big gifts, and a Johnson & Johnson heir left $5 million to a science center.
By Maria Di Mento
Senior Editor
The Associated Press, the Chronicle of Philanthropy, and the Conversation announced today that they will work together to significantly bolster coverage of philanthropies and charities and their impact on society.
Foundations and Big Donors Gave at Least $5 Billion Worldwide to Curb Climate Change
The ClimateWorks Foundation says that the funding total has nearly doubled since 2015, but it’s still less than 2 percent of all giving worldwide.
By dan.parks
Contributor
New Report Shows Spike in Will Creation and Charitable Bequests During Covid-19
The coronavirus pandemic is driving a major increase in the number of Americans who create wills and the number who leave a bequest, according to a new report from FreeWill, a company that provides free online estate-planning tools.
By Eden Stiffman
Senior Editor
Citi Foundation Will Spend Another $100 Million on Jobs Program (Grants Roundup)
Also, 3M commits $50 million to advance racial equity in Minnesota and beyond, and the Andrew W. Mellon Foundation distributed $24 million in emergency grants to 12 midsize arts museums.
By M.J. Prest
Senior Editor, Solutions
60% of Foundations Expect to Give More Because of the Covid and Economic Crises
The average increase in giving this year is 17 percent, according to a new report, and the vast majority of grant makers are loosening restrictions for grantees.
By dan.parks
Contributor