News

Funder Initiative Launched to Promote Trust-Based Philanthropy

Funder Initiative Launched to Promote Trust-Based Philanthropy

Posted January 29, 2020

As more foundations recognize and acknowledge the entrenched power imbalances they’ve inherited, created, or inadvertently helped sustain, the Trust-Based Philanthropy Project will work to bring more accountability and equity to the field of philanthropy....

Fifth Third Bank to Invest $100 Million in Opportunity Zones

Fifth Third Bank to Invest $100 Million in Opportunity Zones

Posted January 29, 2020

Projects under consideration include the redevelopment of affordable and workforce housing, partnerships with housing authorities to bring grocery stores to food deserts, and the creation of community centers for public housing residents....

Gates Foundation Commits $10 Million to Coronavirus Response

Gates Foundation Commits $10 Million to Coronavirus Response

Posted January 28, 2020

Split between public- and private-sector groups in China and Africa, the funding will support efforts in areas of critical need, including the identification and confirmation of cases, the isolation and care of infected patients, and the development of treatments and vaccines....

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Home Depot Founders Partner to Address Construction Skills Gap

Posted January 27, 2020

Made through a joint partnership established by the Blank, Marcus, and Home Depot foundations, the three-year, $5.7 million commitment will enable the Construction Education Foundation of Georgia to expand its K-12 program across Georgia....

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BCBS Commits $55 Million to Lower Generic Drug Prices

Posted January 27, 2020

The capital from the Blue Cross Blue Shield Association and eighteen BCBS companies will enable a new subsidiary to acquire and develop Abbreviated New Drug Applications and work with nonprofit Civica Rx and manufacturers to make select generic drugs more affordable....

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Mastercard, Rockefeller Launch Data Platform for Social Impact

Posted January 26, 2020

Part of a five-year, $50 million initiative announced by Mastercard and the Rockefeller Foundation in 2019, the Data.org platform will provide NGOs and nonprofits with training resources, data sets, and open-source tools they can use to harness the power of data insights and analytics....

MIT Receives $10 Million From Alumna for Women's Health Research

MIT Receives $10 Million From Alumna for Women's Health Research

Posted January 25, 2020

The gift from alumna Brit Jepson d'Arbeloff will establish a center in the Sex Differences in Health and Disease Initiative to catalyze basic and translational research and collaborations around how molecular differences contribute to conditions of health and disease in women....

Portland Art Museum Receives $10 Million Gift

Portland Art Museum Receives $10 Million Gift

Posted January 25, 2020

The gift from Arlene Schnitzer, the largest from an individual donor in the museum's history, will serve as the lead gift in the public phase of PAM's capital campaign....

Community Foundation Update (01/25/20)

Community Foundation Update (01/25/20)

Posted January 25, 2020

News and staff announcements from community foundations in California, Louisiana, Massachusetts, Michigan, Mississippi, New Hampshire, Rhode Island, Texas, Virgin Islands, and Wyoming....

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Gates Foundation to Launch Agricultural Innovation Nonprofit

Posted January 24, 2020

To be known as Gates Ag One, the organization will work to translate high-impact innovations into affordable, high-quality tools, technologies, and resources that smallholder farmers can use to sustainably improve crop productivity, adapt to the effects of climate change, and lift themselves out of poverty....

Soros Pledges $1 Billion for Education Network

Soros Pledges $1 Billion for Education Network

Posted January 24, 2020

Building on an existing arrangement between Central European University and Bard College, the Open Society University Network will promote rigorous education and provide neglected populations such as refugees, incarcerated people, and other displaced groups with networked courses that connect students and faculty from universities located in different parts of the world....

Activists Protest Potential Sale of .Org Registry

Activists Protest Potential Sale of .Org Registry

Posted January 23, 2020

Ethos Capital, a recently formed private equity firm, has offered $1.1 billion to purchase the Public Interest Registry, which, if the deal goes through, would put it in a position to raise prices on dot-orgs' registrations without restriction....