How a Big Nonprofit Decided to Keep Tapping Into Its Endowment in the Pandemic
The UJA-Federation of New York moved quickly to tap into funds that had been set aside to generate long-term investment income. It has done that six times and plans to keep doing so — even though its approach goes against what many other organizations decided to do.
By dan.parks
Contributor
Charitable Giving Expected to Return to Pre-Pandemic Patterns in 2021
Human-service charities whose programs were in high demand in 2020 may chart declines in year-over-year revenue in 2021, according to a new report.
By Michael Theis
Contributor
Microsoft CEO and Wife Give $15 Million to Children’s Hospital
Plus, the U.S. Holocaust Memorial Museum received $5 million from the children of Holocaust survivors, and four other nonprofits land big gifts.
By Maria Di Mento
Senior Editor
Grant makers are urging investment managers to vote for corporate board members and proposals that will put pressure on companies to do more to aid people of color.
By dan.parks
Contributor
Soros’s Open Society Returns More Focus to Fight Authoritarianism Around the Globe
The transition will lead to cuts in grant-making programs that focus on scholarship, migration, and the future of work. It will also involve elimination of 200 jobs at Open Society.
By Alex Daniels
Senior Editor, Foundations
Sonal Shah Tapped to Lead the Asian American Foundation
Also, PepsiCo has hired a new president of its corporate foundation, and two co-CEOs will lead Schwarzman Philanthropies.
By M.J. Prest
Senior Editor, Solutions
Rockefeller Heirs Launch Campaign to Block Oil and Gas Development
After putting in $30 million of their own into the fund, the Rockefeller descendants want to raise $100 million to cut off the supply of fossil fuels by supporting legal challenges and protest activities.
By dan.parks
Contributor
Heinz Endowments Commits $30 Million to Center for Shared Prosperity at Carnegie Mellon U.
Also, the Liberty Mutual Foundation gave $40 million to 450 nonprofit groups, and the Mastercard Impact Fund committed $10 million to help contain the current Covid-19 surge in India.
By M.J. Prest
Senior Editor, Solutions
Gates Divorce Raises Questions About the Future of Billions in Philanthropic Cash
The split between the billionaire co-founders of the world’s largest private foundation is sure to have very public consequences, with the breakup having already sent a wave of anxious uncertainty through the worlds of philanthropy and community health.
By Haleluya Hadero and Glenn Gamboa
Donors Race to Aid India During Covid Surge
The catastrophic wave of Covid-19 in India has prompted donors to send millions of dollars to the country, which Tuesday crossed the grim mark of more than 20 million cases of the killer disease.
By Alex Daniels
Contributor