A Third of Foundations Increased Their Giving in 2020
Fueled by a strong stock market, private foundations reported an average 13.1 percent return on their investment assets and community foundations 12.1 percent, allowing many to maintain or increase their giving, according to a new survey.
By Michael Theis
Contributor
Ann Mei Chang Will Lead Candid; Robertson Foundation Taps Education Trailblazer as President
Also, the Colorado Trust has named a new vice president of grants, and the nonprofit researcher Lester Salamon has died.
By M.J. Prest
Senior Editor, Solutions
Diverse Donors Led the Shift to Social- and Racial-Justice Giving in 2020, New Report Says
Foundations and companies turned to leaders and donors of color to help guide their racial-justice giving.
By Eden Stiffman
Senior Editor
Bloomberg Philanthropies Commits Additional $31 Million to Partnership for Healthy Cities
Also, four foundations partnered to create a $5.7 million fund that will back grassroots organizations in Detroit, and the Robert Wood Johnson Foundation has given $2.3 million to expand news coverage of health, race, equity, and poverty in the South.
By M.J. Prest
Senior Editor, Solutions
Blank Foundation Poised for Big Grant Increases, Aiming for a Ripple Effect in the South
Fay Twersky, the new leader of the foundation, says democracy, the environment, and youth development will be primary areas of focus.
By Alex Daniels
Senior Editor, Foundations
Lincoln Center for the Performing Arts Lands $20 Million From Long-Time Supporters
Plus, the Rothko Chapel, the Glaucoma Research Foundation, and two other nonprofits received big gifts.
By Maria Di Mento
Senior Editor
Give Blck, a Database That Connects Donors With Black-Led Charities, Names First CEO
Also, the Walton Family Foundation has hired a new director of its Home Region Program for northwest Arkansas and the Arkansas-Mississippi Delta.
By M.J. Prest
Senior Editor, Solutions
Lilly Endowment Taps Board Member to Serve as New President
Jennett Hill will become the first Black woman leader of the nation’s second wealthiest foundation.
By Alex Daniels
Senior Editor, Foundations
Nonprofits Added 67,200 Jobs in July
July’s gains are the strongest two-month period of hiring since the start of the year. But disruptions from a resurgence in coronavirus cases threaten to depress job growth.
By Michael Theis
Contributor
Also, the Stavros Niarchos Foundation gives almost $18 million to fight wildfires in Greece.
By M.J. Prest
Senior Editor, Solutions