News

SoCal grantmakers make changes to address COVID-19 crisis

SoCal grantmakers make changes to address COVID-19 crisis

October 1, 2020

Based on a survey of leaders and staff at grantmaking institutions, as well as individual donors, donor-advised fund account holders, and wealth advisors, the report from Community Works Consulting found that nearly two-thirds of institutional grantmakers said they planned to redirect some of their grant dollars to COVID-19 response efforts....

Carey Law School receives $50 million for public interest law scholars

Carey Law School receives $50 million for public interest law scholars

October 1, 2020

The gift from Giving Pledgers Robert and Jane Toll — the largest gift ever dedicated to the training and support of public interest lawyers — will support tuition and programming for students working toward a career in the public interest and will enable the school to recruit, enroll, and empower the next generation of public interest advocates....

Gates Foundation awards $150 million for COVID-19 vaccine distribution

Gates Foundation awards $150 million for COVID-19 vaccine distribution

October 1, 2020

Awarded through the foundation's Strategic Investment Fund, the funds double the $150 million commitment announced by the foundation in August to fund manufacturing by the Serum Institute of India of a hundred million doses of AstraZeneca and Novavax candidate vaccines at a ceiling price of $3 per dose....

Rutgers receives $15 million for global racial justice institute

Rutgers receives $15 million for global racial justice institute

September 30, 2020

The grant from the Andrew W. Mellon Foundation will establish the Institute for the Study of Global Racial Justice and buttress the scholarship of humanities researchers in the areas of policy reform, social justice, K-12 education, and incarceration....

Walmart Foundation awards $4.5 million to aid farmers in India

Walmart Foundation awards $4.5 million to aid farmers in India

September 30, 2020

Awarded as part of a five-year, $25 million investment announced in 2018, the grants will help boost opportunities for women farmers via FPOs, which, according to the foundation, have proven critical during India's COVID-19 lockdown and are essential to recovery....

Partnership to provide COVID-19 tests for low-, middle-income nations

Partnership to provide COVID-19 tests for low-, middle-income nations

September 30, 2020

Under the agreement, the World Health Organization and the Foundation for Innovative New Diagnostics (FIND) will support implementation research aimed at optimizing the use of antigen-based rapid diagnostic tests in multiple low- and middle-income countries in line with WHO guidance....

Private foundations plan to increase grantmaking

Private foundations plan to increase grantmaking

September 30, 2020

Based on a survey conducted in August of more than a hundred of Foundation Source's private non-operating foundation clients, the report found that 42 percent of respondents said they had increased their grantmaking in 2020, with a similar percentage saying they planned to do so before year-end....

Truist launches $40 million fund for small business owners

Truist launches $40 million fund for small business owners

September 29, 2020

The CornerSquare Community Capital fund will support community development financial institutions through the purchase of 25 percent loan participations, enabling the CDFIs to increase their lending and expand support for BIPOC- and women-owned small businesses....

2020 Yidan Prizes for Education Research, Development announced

2020 Yidan Prizes for Education Research, Development announced

September 29, 2020

Stanford University professor Carl Wieman was awarded the Yidan Prize for Education Research for his contribution in developing new techniques and tools in STEM education, while Lucy Lake and Angeline Murimirwa, executive directors of CAMFED (Campaign for Female Education) and CAMFED Africa, were awarded the Yidan Prize for Education Development....

Small Connecticut nonprofits hit hard by COVID-19, survey finds

Small Connecticut nonprofits hit hard by COVID-19, survey finds

September 29, 2020

Based on a survey conducted from June 18 to July 2, the report found that 29 percent of all respondents, 46 percent of small organizations with annual budgets under $1 million and 19 percent of larger organizations said they were struggling with the impacts of the pandemic....

Foundation investment returns surged in 2019, study finds

Foundation investment returns surged in 2019, study finds

September 29, 2020

According to the 2019 Council on Foundations–Commonfund Study of Investment of Endowments for Private and Community Foundations, private foundations recorded an average return of 17.4 percent in 2019, while community foundations reported an average return of 18.2 percent, up from the -3.5 percent and -5.3 percent, respectively, in 2018....

Humanity United commits $40 million to address power imbalances

Humanity United commits $40 million to address power imbalances

September 28, 2020

The commitment includes $18 million in support of peacebuilding efforts to shift structures within national and global policy organizations and $22 million to address power imbalances that enable and embolden human exploitation and forced labor....

Berggruen Institute announces 2020-21 fellows

Berggruen Institute announces 2020-21 fellows

September 27, 2020

The sixth cohort of Berggruen Fellows will research transformative ideas with the potential to reshape human society while promoting academic and cultural exchange in the United States and China....

Rockefeller Brothers Fund awards $1.5 million to NYC museums

Rockefeller Brothers Fund awards $1.5 million to NYC museums

September 27, 2020

The grants will support exhibitions, programs, residencies, and other projects designed to provide greater visibility and opportunities for artists who are Black, Indigenous, or people of color, as well as for women and LGBTQ artists....

Community Foundation Update (09/26/20)

Community Foundation Update (09/26/20)

September 26, 2020

News and staff announcements from community foundations in Arizona, California, Connecticut, Louisiana, Maine, Michigan, New Jersey, Ohio, Oregon, and South Carolina....

Fatima Goss Graves named winner of 2020 John Gardner Award

Fatima Goss Graves named winner of 2020 John Gardner Award

September 25, 2020

The president and CEO of the National Women's Law Center has spent her career fighting to advance opportunities for women and girls and empower all people who face gender-based discrimination around the country to stand and speak out....

Square to invest $100 million in  underserved communities

Square to invest $100 million in underserved communities

September 25, 2020

The investments include $25 million for deposits in community development financial institutions (CDFIs) and minority depository institutions (MDIs), a $25 million investment in the National Bankers' Association's Keepers Fund, and $25 million in the Local Initiatives Support Corporation’s Black Economic Development Fund....