How the 10 Biggest Foundations Changed in a Year of Covid — and What’s Next
A Chronicle review found that only a handful of the wealthiest grant makers are ready to commit to increases in grant distributions or providing continued flexibility.
5 Economic Indicators That (Mostly) Point to a Brighter Year for Nonprofits
It’s been a hard 12 months for nonprofits and much uncertainty still lies ahead, but expert say there many guideposts that can help determine what kind of fundraising performance to expect in 2021 and beyond.
By dan.parks
Contributor
Nearly 500 Foundation Leaders Unite to Push for More Support of Asian Americans
A letter circulated by Asian Americans/Pacific Islanders in Philanthropy noted a “perpetual outsider” status felt by its members. The group also released a study outlining the paucity of philanthropic support directed toward Asian American communities.
By Alex Daniels
Senior Reporter
Gates and Others Give to Malaria-Free Zambia Program
Also, the Hospital for Special Surgery is getting $35 million to expand, Howard University is receiving $10 million to prepare students for careers in finance, and the Ford Foundation awarded $4.5 million to amplify stories about communities that live along the U.S.-Mexico border.
By M.J. Prest
Contributor
Goldman Sachs Commits $100 Million for One Million Black Women Program
Also, the J.P. Fletcher Foundation has given $25.5 million to Boston Children’s Hospital for a neuroscience center, and Google.org has pledged $25 million to its new Impact Challenge for Women and Girls.
By M.J. Prest
Contributor
FedEx Awards $100 Million to Create an Institute at Yale to Reduce Carbon in the Atmosphere
Also, Bloomberg Philanthropies has given $25 million to endow a fellowship program at New York University’s Robert F. Wagner School of Public Service, and the Citi Foundation will make $25 million in grants to charities that work directly with small businesses owned by people of color.
By M.J. Prest
Contributor
Dallas Mavericks Basketball Team Awards Emergency Grants for Winter Storm Relief in Tex.
Also, the Mother Cabrini Health Foundation gave $115 million to 400 charities across New York State, and Goldman Sachs awarded $25 million to teach job skills in finance to students at eight historically Black colleges and universities.
By M.J. Prest
Contributor
Blackstone Promises $40 Million to Entrepreneurship Program for Students of Color
Also, the MacArthur Foundation has awarded $18 million to reduce over-incarceration in 15 U.S. cities and counties, and the Harold Grinspoon Foundation is giving $11 million in matching grants to re-open Jewish summer camps.
By M.J. Prest
Contributor
Google Awards $50 Million for Public-Health Campaigns About Covid-19 Vaccines
Also, the Andrew W. Mellon Foundation gave $15 million to the Library of Congress for a new program to connect with ethnic and racial minority communities, and Walmart has made its first round of grants through its Center for Racial Equity.
By M.J. Prest
Contributor
Airbnb.org Grants $2 Million to Help Refugees Following Repeal of Muslim Travel Ban
Also, the Community Foundation for Greater New Haven has committed $26 million to address the challenges of Covid-19 and racial inequality in Connecticut, and the McKnight Foundation gave $6.5 million through its Midwest Climate and Energy program.
By M.J. Prest
Contributor
Starbucks Pours $100 Million Into Community Resilience Fund
Also, the Andrew W. Mellon Foundation gave $72 million to 16 grantees through its Just Futures Initiative, and Netflix granted $25 million to address systemic racism in real-estate development and ownership.
By M.J. Prest
Contributor
Amazon Commits $125 Million to Housing Equity Fund
Also, Morgan Stanley gave $100 million to the National Equity Fund to help low-income renters in Atlanta, and First Premier Bank has granted $50 million to endow need-based scholarships for students at universities in South Dakota.
By M.J. Prest
Contributor
How to Navigate Corporate Giving in 2021
The pandemic has transformed vast swaths of the economy, and corporate philanthropy is no exception. Covid-19 and the need for remote work have caused many companies to reassess their philanthropic priorities. The way that businesses and charities work together is evolving, too.
By Kyle Mitnick
Contributor
Diversity Mandates From Foundations Make It Harder for Nonprofits to Do Their Jobs Well
Nonprofits are more likely to succeed when they hire people with different points of view, different life experiences, different ways of thinking, and different ideas on how to solve hard problems. When grant makers ask about demographics, they rarely focus on these characteristics.
By Debi Ghate
Contributor
Bank of America Commits $25M to Colleges to Improve Job Skills for Blacks and Latinos
Also, McDonald’s has committed $100 million to Ronald McDonald House Charities, and Citi Foundation is giving $15 million to support 30 community-development financial institutions.
By M.J. Prest
Contributor
Jeff Bezos’s Earth Fund Awards $791 Million in First Round of Climate Grants
Also, the Gates Foundation is giving $70 million to develop safe, low-cost Covid-19 vaccine candidates, and the Heinz Endowments has doled out $12.1 million for racial-equity programs in the Pittsburgh region.
By M.J. Prest
Contributor