Philanthropy news

John, Laura Arnold pledge to give 5 percent of wealth annually

John, Laura Arnold pledge to give 5 percent of wealth annually

April 7, 2021

The Arnolds are the first billionaires to sign on to Global Citizen's Give While You Live campaign, which calls on the more than twenty-one hundred billionaires around the world to give at least 5 percent of their wealth annually to help end extreme poverty and achieve the United Nations' Sustainable Development Goals by 2030....

Raytheon commits $500 million for social impact initiative

Raytheon commits $500 million for social impact initiative

April 7, 2021

The Connect Up initiative will leverage philanthropic capital, public/private partnerships, and employee volunteerism to advance equitable opportunities in STEM education, career development, and community well-being, with a focus on communities of color....

McKnight Foundation awards $17.9 million in Q1 grants

McKnight Foundation awards $17.9 million in Q1 grants

April 6, 2021

The grants include a total of $5.4 million in support of the inaugural cohort of the foundation's Vibrant & Equitable Communities program, which provides support to partners committed to achieving more equitable outcomes with and for Black, Indigenous, and people of color communities in the state....

CFF awards $11 million to address gender-based violence

CFF awards $11 million to address gender-based violence

April 6, 2021

In its first multiyear funding round, the Collective Future Fund awarded three-year grants to twenty-five organizations led by Black, Indigenous, and people of color  women, queer, transgender, gender non-conforming, non-binary, and immigrant and migrant survivors of color at the forefront of efforts to end gender-based violence in all its forms....

Wayfair commits $30 million for social impact investing

Wayfair commits $30 million for social impact investing

April 6, 2021

Part of a $30 million impact investing commitment by the online retailer, the funds will support the efforts of LISC's Black Economic Development Fund to improve access to capital and expand economic opportunity in Black communities....

Intermountain Health receives $10 million for Healthy Kids initiative

Intermountain Health receives $10 million for Healthy Kids initiative

April 5, 2021

The gift from Intermountain Healthcare trustee Crystal Maggelet and her family will support a joint initiative with Intermountain Primary Children's Hospital aimed at addressing adverse childhood experiences that increase the risk of developing chronic health problems later in life....

Community Foundation Update (04/03/2021)

Community Foundation Update (04/03/2021)

April 3, 2021

News and staff announcements from community foundations in Arizona, California, Indiana, Kansas, Louisiana, Massachusetts, Ohio, Oklahoma, Tennessee, and Wisconsin....

Asian-American business leaders pledge $10 million to fight hate

Asian-American business leaders pledge $10 million to fight hate

April 3, 2021

In an open letter, nearly a thousand Asian-American business leaders and their allies called for an end to anti-AAPI violence and pledged $10 million in support of organizations serving AAPI communities and working to advance racial justice....

Lilly Endowment awards $93 million to address poverty in Indianapolis

Lilly Endowment awards $93 million to address poverty in Indianapolis

April 2, 2021

Awarded through the Enhancing Opportunity in Indianapolis initiative, grants ranging from $180,000 to more than $8 million will enable organizations to implement new or expand existing strategies, programs, and services focused on helping residents of Indianapolis meet their basic needs and build better lives for themselves and their families....

George Soros pledges $500 million to Bard College

George Soros pledges $500 million to Bard College

April 2, 2021

The lead gift in a $1 billion endowment campaign has already helped raise an additional $250 million from other donors in support of student financial aid, faculty retention and recruitment, and initiatives focused on raising the school's international profile and sustaining its mission....

Report calls for more equitable data to improve economic mobility

Report calls for more equitable data to improve economic mobility

April 2, 2021

A report from the Markle Foundation identifies five areas where reducing barriers and increasing capacity could advance privacy-protected data sharing, help address economic disparities and inequality, and enhance knowledge about economic mobility....

PepsiCo launches $40 million community college program

PepsiCo launches $40 million community college program

April 1, 2021

With the goal of assisting four thousand African-American and Latinx students over five years, the program will provide financial support as well as mentoring and leadership training from PepsiCo employees, and will give students the opportunity to apply for internships and jobs at the company....

Wellcome to invest $100 million to accelerate COVID-19 research

Wellcome to invest $100 million to accelerate COVID-19 research

April 1, 2021

Investments include $70 million in support of Wellcome's work to advance treatments and vaccines as part of the Access to COVID-19 Tools (ACT) Accelerator global partnership and $30 million for SARS-CoV-2 tracking research in low- and middle-income countries....