News

American Red Cross receives $7.5 million from Lilly Endowment

American Red Cross receives $7.5 million from Lilly Endowment

October 11, 2020

Activities supported by the grant include the distribution of emergency supplies, financial assistance for individuals, and the provision of shelter, food, and comfort to those impacted by a string of recent natural disasters....

Community Foundation Update (10/10/20)

Community Foundation Update (10/10/20)

October 10, 2020

News and staff announcements from community foundations in Alabama, Arizona, California, Colorado, Michigan, Minnesota, Nebraska, New Jersey, New Mexico, North Carolina, Rhode Island, Washington....

JPMorgan Chase commits $30 billion to racial equity efforts

JPMorgan Chase commits $30 billion to racial equity efforts

October 9, 2020

The initiative, which includes $2 billion in philanthropic capital, will invest in efforts to promote and expand affordable housing and homeownership in underserved communities, grow Black- and Latinx-owned businesses, and expand access to banking....

Phil Knight donates Nike shares worth $942 million to charity

Phil Knight donates Nike shares worth $942 million to charity

October 9, 2020

An SEC filing states that on September 25 Knight "gifted 7,250,000 shares of the Issuer's Class B common stock to a charitable organization of which the reporting person and his spouse are directors," most likely the Knight Foundation....

One in four rural families could not get health care during pandemic

One in four rural families could not get health care during pandemic

October 9, 2020

The fourth in a series of reports based on a survey of nearly thirty-five hundred adults conducted between July 1 and August 3, the report found that 24 percent of rural respondents said a family member could not get medical care for a serious health issue during the pandemic....

Harold Alfond Foundation announces $500 million in grants

Harold Alfond Foundation announces $500 million in grants

October 7, 2020

Organizations receiving grants will use the funds to upgrade the skills of workers in Maine, promote innovation and entrepreneurship, and strengthen infrastructure in support of the state’s ten-year economic development strategy....

Capital One announces $200 million economic growth initiative

Capital One announces $200 million economic growth initiative

October 7, 2020

The Capital One Impact Initiative will invest in diverse communities and businesses and support organizations working to expand economic opportunity; provide capital for the development of affordable rental housing that meets the needs of diverse households and communities; accelerate investments in the financial service company's Black and Latinx suppliers and partners....

Mellon Foundation commits $250 million to reimagine monuments

Mellon Foundation commits $250 million to reimagine monuments

October 6, 2020

With the aim of transforming the way U.S. histories are told in public spaces, the Monuments Project will focus on three areas: funding new monuments, memorials, and storytelling spaces; contextualizing existing monuments and memorials through installations, research, and education; and relocating existing monuments and memorials....

Nine in ten nonprofits worldwide still impacted by COVID, survey finds

Nine in ten nonprofits worldwide still impacted by COVID, survey finds

October 6, 2020

Based on a survey of more than four hundred nonprofits in a hundred and fifty-six countries, the report from the Charities Aid Foundation of America found that 91 percent of nonprofits reported being negatively impacted by the pandemic — down from 96.5 percent in March but up slightly from 90.4 percent in June....

Donor network pledges to redouble commitments to Puerto Rico

Donor network pledges to redouble commitments to Puerto Rico

October 6, 2020

The pledge includes a commitment to strengthen and expand philanthropic investments on the island, invest in local leadership and equitable recovery efforts, and provide flexible financial, non-financial, and technical assistance....

Charter school fund announces $100 million in new funding

Charter school fund announces $100 million in new funding

October 6, 2020

With priority given to high-performing public charter schools serving traditionally underresourced communities, the Facilities Investment Fund will provide five-year, fixed-rate loans for up to 90 percent of project costs for the construction or renovation of facilities....

2020 MacArthur Fellows announced

2020 MacArthur Fellows announced

October 6, 2020

Twenty-one fellows working in fields ranging from evolutionary genetics and developmental biology, to environmental health and experimental physics, to jazz composition, documentary filmmaking, poetry, and speculative fiction will each receive unrestricted awards of $625,000 over five years....

Cleveland Foundation awards $27.5 million in third-quarter grants

Cleveland Foundation awards $27.5 million in third-quarter grants

October 5, 2020

Grants were awarded to organizations serving residents of Cuyahoga, Lake, and Geauga counties in the areas of economic and workforce development, education, the environment, leadership development, neighborhood revitalization, and youth, health, and social services....

Three in five households with children face COVID-related hardship

Three in five households with children face COVID-related hardship

October 5, 2020

A survey by National Public Radio, the Robert Wood Johnson Foundation, and Harvard T.H. Chan School of Public Health found that 61 percent of U.S. households with children reported experiencing serious financial hardship as a result of the coronavirus pandemic, including 66 percent of African-American and 86 percent of Latinx families....

University of Chicago Kavli Institute receives $10 million

University of Chicago Kavli Institute receives $10 million

October 5, 2020

The gifts of $5 million each from the Kavli Foundation and an alumnus and his wife who wish to remain anonymous will name the directorship of the institute in memory of the late David N. Schramm, a pioneering UChicago scholar of theoretical astrophysics....