News

2020 crises catalyzing change in foundation practices, study finds

2020 crises catalyzing change in foundation practices, study finds

November 20, 2020

Based on a survey and interviews with foundation leaders, the report from the Center for Effective Philanthropy found that many foundations are implementing or accelerating changes designed to better support grantees and the communities they serve....

Kresge commits $30 million for racial equity initiatives

Kresge commits $30 million for racial equity initiatives

November 19, 2020

The commitment includes approximately $8 million for national racial justice organizations and $22 million in general operating support for local organizations in Detroit, New Orleans, Memphis, and Fresno....

UPenn commits $100 million to Philadelphia School District

UPenn commits $100 million to Philadelphia School District

November 19, 2020

To be awarded in annual installments of $10 million over ten years, the largest private contribution ever to the school district will be used to remediate environmental hazards, including asbestos and lead, in public school buildings....

Corporate giving increased between 2017 and 2019

Corporate giving increased between 2017 and 2019

November 19, 2020

CECP's Giving in Numbers: 2020 Edition found that between 2017 and 2019, median corporate contributions increased 7 percent, from $26.4 million to $28.3 million, and that half the companies in the sample boosted giving by at least 2 percent....

Inaugural grant recipients of Bezos Earth Fund announced

Inaugural grant recipients of Bezos Earth Fund announced

November 18, 2020

Amazon.com founder and CEO Jeff Bezos announced in an Instagram post on Monday grants totaling $791 million to sixteen organizations working to address climate change and its impacts on Indigenous and BIPOC communities....

BMSF commits $100 million to improve diversity in clinical trials

BMSF commits $100 million to improve diversity in clinical trials

November 18, 2020

A partnership between the Bristol Myers Squibb Foundation and National Medical Fellowships will work to improve the diversity of patients enrolled in clinical trials and, ultimately, advance the development of therapeutics for all populations....

Individual giving to performing arts organizations continues to fall

Individual giving to performing arts organizations continues to fall

November 17, 2020

A report from arts consultancy TRG Arts and arts data specialists Purple Seven found that aggregate revenue to performing arts organizations in the U.S. and Canada in the first nine months of 2020 fell 14 percent on a year-over-year basis, with the average gift size down 24 percent....

Villanova University receives $15 million for Widger School of Law

Villanova University receives $15 million for Widger School of Law

November 17, 2020

The gift from the John F. Scarpa Foundation will be used to expand the scope of the John F. Scarpa Center for Law and Entrepreneurship, establish an endowed professorship in entrepreneurship, and strengthen the focus on entrepreneurship, innovative thinking, and collaboration across the university....

Gates Foundation commits $70 million for COVID-19 vaccines

Gates Foundation commits $70 million for COVID-19 vaccines

November 16, 2020

The commitment includes an additional $50 million to GAVI, the Vaccine Alliance’s Advance Market Commitment for COVID-19 Vaccines and $20 million to the Coalition for Epidemic Preparedness Innovations in support of its efforts to jumpstart the development of an additional slate of promising vaccine candidates....

Teagle, Arthur Vining Davis foundations to support college students

Teagle, Arthur Vining Davis foundations to support college students

November 16, 2020

The jointly funded Transfer Pathways to the Liberal Arts initiative will support statewide, regional, or consortial academic partnerships between community colleges and private four-year colleges aimed at helping students transfer to a four-year program and complete a liberal arts degree....

Hartford Foundation launches $2.5 million equity initiative

Hartford Foundation launches $2.5 million equity initiative

November 14, 2020

The initiative includes $1 million in grants to establish funds administered by the Prosperity Foundation, a Black-led philanthropic organization, and the Hispanic Federation — Connecticut, a Latinx-led organization....

Community Foundation Update (11/14/20)

Community Foundation Update (11/14/20)

November 14, 2020

News and staff announcements from community foundations in Arizona, California, Colorado, Michigan, Montana, Ohio, Pennsylvania, Texas, and Washington....