News

Princeton receives $20 million from alumni to expand student body

Princeton receives $20 million from alumni to expand student body

September 24, 2020

The gift from Kwanza Jones ('93) and José E. Feliciano ('94) — the largest in the university's history from Black and Latinx donors — will support construction of two adjoining dormitories in one of two residential colleges being built to accommodate an expansion of the student body by about 10 percent....

Gordon and Betty Moore Foundation announces 2020 Inventor Fellows

Gordon and Betty Moore Foundation announces 2020 Inventor Fellows

September 24, 2020

Launched in 2016, the ten-year, $36 million fellowship program recognizes early-career innovators at U.S. universities who are creating tools and technologies with the potential to accelerate progress in the areas of scientific research, environmental conservation, and patient care....

Citi, Citi Foundation commit $1.15 billion to close racial wealth gap

Citi, Citi Foundation commit $1.15 billion to close racial wealth gap

September 24, 2020

The commitments will support effort to provide greater access to banking and credit in communities of color, increase investments in Black-owned businesses, expand homeownership among Black Americans, and advance anti-racist practices in the financial services industry....

Aligning Science Across Parkinson's awards $161 million in grants

Aligning Science Across Parkinson's awards $161 million in grants

September 24, 2020

A joint project of the Milken Institute Center for Strategic Philanthropy and the Sergey Brin Family Foundation, the Aligning Science Across Parkinson's initiative awarded inaugural grants to twenty-one teams studying the biology of Parkinson's disease-associated genetics and neuro-immune interactions....

Lilly Endowment awards nearly $62 million to Indiana colleges

Lilly Endowment awards nearly $62 million to Indiana colleges

September 23, 2020

Awarded through the foundation’s Charting the Future for Indiana's Colleges and Universities initiative, the grants will support strategies aimed at better preparing students for the future and ensuring the institutions’ long-term sustainability....

Study finds limited follow-through on corporate commitments to purpose

Study finds limited follow-through on corporate commitments to purpose

September 23, 2020

Funded by the Ford Foundation, the report from KKS Advisors and Test of Corporate Purpose found that companies that signed on to the Business Roundtable's 2019 Statement on the Purpose of a Corporation responded no better than non-signatory companies to the overlapping COVID-19 and racial injustice crises....

Children's Hospital LA receives $20 million from Panda Express

Children's Hospital LA receives $20 million from Panda Express

September 22, 2020

The gift will establish the Panda Cares Center of Hope, a nationwide initiative launched in partnership with the Children's Miracle Network to provide physical, emotional, mental, and spiritual care for patients and their families....

MacArthur Foundation awards $25 million toward equitable recovery

MacArthur Foundation awards $25 million toward equitable recovery

September 22, 2020

The first round of awards funded by proceeds from a $125 million social impact bond offering includes fifteen grants totaling $15 million in the area of voting rights and democracy and six grants totaling $10 million in support of communities  impacted by the dual pandemics of COVID-19 and systemic racism....

Female representation among nonprofit leaders, gender pay gap increase

Female representation among nonprofit leaders, gender pay gap increase

September 22, 2020

Based on compensation data at more than a hundred and thirteen thousand nonprofits in Candid's GuideStar database, the 2020 Nonprofit Compensation Report found that, between FY17 and FY18, the share of women leaders increased or held steady in all organizational budget-size categories, while the gender pay gap held steady or widened in all but one category....

Foundations shifting practices but slow to share power, study finds

Foundations shifting practices but slow to share power, study finds

September 21, 2020

The report from the Council on Foundations, Philanthropy California, and Dalberg Advisors examined changes in practices in the areas of resources, priorities, and internal operations and found that the majority of foundations have yet to take significant steps to share power with their grantee partners....

Mellon Foundation launches COVID-19 relief fund for museums

Mellon Foundation launches COVID-19 relief fund for museums

September 21, 2020

With the goal of stabilizing cultural anchor institutions, many of which face the possibility of permanent closure as a result of the pandemic, the Art Museum Futures Fund will award grants ranging from $600,000 to $5.5 million to help stabilize museums as they prepare to re-open....

Literary Arts Emergency Fund awards $3.5 million for COVID-19 relief

Literary Arts Emergency Fund awards $3.5 million for COVID-19 relief

September 20, 2020

An initiative of the the Academy of American Poets, the Community of Literary Magazines & Presses, and the National Book Foundation, the fund awarded grants to two hundred and eighty-two nonprofit literary arts organizations, magazines, and presses that have experienced financial losses due to COVID-19....

University of Houston School of Public Affairs receives $6.5 million

University of Houston School of Public Affairs receives $6.5 million

September 20, 2020

The Elizabeth D. Rockwell Center on Ethics and Leadership will serve as a hub where academics, business leaders, community members, and government and policy officials come together to work on timely and substantive issues in the area of ethical leadership....

Atlantic Philanthropies officially closes its doors

Atlantic Philanthropies officially closes its doors

September 20, 2020

In 2002, Charles Feeney and the leadership of what would become Atlantic Philanthropies made the decision to invest its entire endowment in philanthropic causes and to sunset its operations by the end of 2020 as part of an approach to philanthropy Feeney dubbed "giving while living"....

Lilly Endowment awards $10.65 million to Indiana community foundations

Lilly Endowment awards $10.65 million to Indiana community foundations

September 19, 2020

Awarded through the Giving Indiana Funds for Tomorrow (GIFT) initiative, the eighty-four Community Leadership grants will support locally determined priorities, including efforts to strengthen early childhood, secondary, and postsecondary education in the state and quality-of-life initiatives....

Community Foundation Update (09/19/20)

Community Foundation Update (09/19/20)

September 19, 2020

News and staff announcements from community foundations in Arizona, California, Connecticut, Kansas, Louisiana, North Carolina, Pennsylvania, Texas, and Wisconsin....

Black, Latinx, Native American households hit hard by COVID-19

Black, Latinx, Native American households hit hard by COVID-19

September 18, 2020

The report from National Public Radio, the Robert Wood Johnson Foundation, and the Harvard T.H. Chan School of Public Health found that 72 percent of Latinx respondents, 60 percent of African-American respondents, and 55 percent of Native American respondents were experiencing "serious financial problems" as a result of the pandemic....

Congregations see drop in giving, face budget cuts

Congregations see drop in giving, face budget cuts

September 18, 2020

A report from the Indiana University Lilly Family School of Philanthropy and the Lake Institute on Faith & Giving found that 41 percent of religious congregations reported a decline in donations while 28 percent reported an increase, with donations from February to June falling an average of 4.4 percent on a year-over-year basis....