The D.C.-based National Committee for Responsive Philanthropy has announced a new initiative to encourage leading U.S. foundations to dedicate a majority of their grant dollars to underserved communities and a significant amount to strategies that address the root causes of social problems.
More than sixty leading foundations responsible for close to $2.5 billion a year in grants have already signed on to the Philanthropy's Promise campaign, which calls on them to allocate at least 50 percent of their grant dollars to the needs of marginalized groups such as the poor, elderly, and disabled, and at least 25 percent to advocacy, community organizing, and civic engagement efforts that promote equity, opportunity, and justice. Foundations that have posted statements explaining their support for the initiative include the Conrad N. Hilton, Ford, McKnight, Northwest Area, and W.K. Kellogg foundations.
To help launch the initiative, NCRP has unveiled a dedicated Web portal featuring information about the Promise, a complete list of foundations that have signed on to the campaign and their public statements of support, and an online form that visitors to the site can use to invite other grantmakers to get involved.
"Philanthropy's Promise offers strategies that will help foundations and other institutional grantmakers — regardless of their size, focus, and approach — to maximize the impact of their grant dollars," said NCRP executive director Aaron Dorfman. "Studies and stories have shown that these high impact strategies leverage philanthropy's limited resources effectively."
For a complete list of the foundations that have signed on to the campaign, visit the Philanthropy's Promise Web site.