News

Jewish Communal Fund awards $536 million in FY2020

Jewish Communal Fund awards $536 million in FY2020

October 28, 2020

In the fiscal year that ended June 30, grant dollars awarded by the largest Jewish donor-advised fund in the United States increased 17.5 percent, while the number of grants jumped 18 percent and the average grant amount rose 16 percent....

OSF commits $5 million for investment in race and gender equity

OSF commits $5 million for investment in race and gender equity

October 28, 2020

Awarded to Illumen Capital through the Soros Economic Development Fund, the funding will support an innovative strategy in which Illumen takes stakes in other impact investment funds and provides long-term, evidence-based coaching designed to help fund managers mitigate implicit biases that work against businesses owned by people of color and/or women....

Rockefeller commits $1 billion for inclusive green recovery

Rockefeller commits $1 billion for inclusive green recovery

October 27, 2020

The single largest commitment in the foundation's history will focus on catalyzing private and concessional investments in efforts to scale distributed renewable energy across developing countries and ensuring more equitable access to COVID-19 data, tests and vaccines, and science-based tools....

Georgetown University receives $10 million gift for scholarships

Georgetown University receives $10 million gift for scholarships

October 27, 2020

The gift from Georgetown Law alumnus David Jacquin ('88) and his wife, Heidi, will create the Robert J. Henle, S.J. Scholarship program in honor of the late Jesuit priest and classics and philosophy professor who served as the university's president from 1969 to 1978....

Baltimore Museum of Art loses $50 million in gifts over sale of Warhol

Baltimore Museum of Art loses $50 million in gifts over sale of Warhol

October 27, 2020

The museum has come under fire for its plan to sell paintings by Andy Warhol, Brice Marden, and Clyfford Still to raise funds for the acquisition of art by women and artists of color, fund equity programs, and create an endowment in support of efforts to improve diversity, equity, and inclusion....

Russell Family Foundation awards impact investments, grants

Russell Family Foundation awards impact investments, grants

October 27, 2020

The foundation awarded impact investments totaling $14.5 million to three organizations and grants totaling nearly $550,000 to fifty-one local organizations in the areas of COVID-19 relief, food insecurity, youth homelessness, and neighborhood improvement....

Dalio Philanthropies awards $25 million to Wealth Management Institute

Dalio Philanthropies awards $25 million to Wealth Management Institute

October 26, 2020

The gift will establish the Dalio Sustainable Market Principles Program, which in 2021 will offer courses in the universal principles of market behavior with the goal of enhancing the capabilities and expertise of policy makers and asset managers in the nation-state....

Cross-border charitable giving totaled $68 billion in 2018

Cross-border charitable giving totaled $68 billion in 2018

October 26, 2020

The Indiana University Lilly Family School of Philanthropy at IUPUI's 2020 Global Philanthropy Tracker report found that  cross-border charitable giving by individuals, foundations, corporations, and other philanthropic organizations in 2018 accounted for 10.3 percent of the $658 billion in total non-governmental capital flows....

Clinton Foundation forum highlights commitments for equitable recovery

Clinton Foundation forum highlights commitments for equitable recovery

October 25, 2020

Partnerships announced in conjunction with the launch of Building an Inclusive Recovery, a series of virtual convenings focused on racial, ethnic, tribal, economic, and health disparities pre- and post-pandemic, will support small businesses, invest in digital technology, and work to improve financial systems in underserved communities....

Community Foundation Update (10/24/20)

Community Foundation Update (10/24/20)

October 24, 2020

News and staff announcements from community foundations in California, Colorado, Kentucky, Massachusetts, New Hampshire, Ohio, Rhode Island, and Wisconsin....

Pew Center for Arts & Heritage awards $10.5 million

Pew Center for Arts & Heritage awards $10.5 million

October 24, 2020

Twenty-nine grants of up to $400,000, plus an additional 20 percent in general operating support, were awarded to cultural projects across the city, while fellowships of $75,000 were awarded to a dozen artists in the disciplines of music, performance, visual art, film, poetry, and writing....

Robert Smith pledges $50 million to reduce student debt at HBCUs

Robert Smith pledges $50 million to reduce student debt at HBCUs

October 23, 2020

The gift to the Student Freedom Initiative from the chair and CEO of Vista Equity Partners will support a family-centric, income-contingent payment alternative to high-cost, fixed-payment student debt for STEM students at historically black colleges and universities....

Funders have not embraced general operating support, study finds

Funders have not embraced general operating support, study finds

October 23, 2020

An analysis by the Center for Effective Philanthropy found that while 58 percent of foundation CEOs reported providing some multiyear general operating support, only 11 percent of those funders awarded such grants to more than half their grantees....

JPMorgan Chase awards $35 million for career readiness initiatives

JPMorgan Chase awards $35 million for career readiness initiatives

October 22, 2020

Through the bank's New Skills at Work initiative, Boston, Columbus, Dallas, Indianapolis, and Nashville will receive $7 million each over five years to develop cross-sector partnerships, equitable pathways, and policy recommendations aimed at giving underserved students access to higher education and real-world work experiences....

Jay Pritzker Foundation awards $100 million for community colleges

Jay Pritzker Foundation awards $100 million for community colleges

October 22, 2020

The gift to the Foundation for California Community Colleges will fund scholarships and emergency financial aid for students experiencing unexpected financial hardship, with a focus on the three regions in the state with the lowest college attainment rates....