Community Foundations Report 41% Bump in Grants From Donor-Advised Funds
For every dollar that came in to a community foundation’s donor-advised fund in 2020, 87 cents went out.
By Michael Theis
Contributor
Netflix Commits $100 Million to Support Artists of Color in TV and Film
Also, Bloomberg Philanthropies gave $150 million to establish the Bloomberg Center for Cities at Harvard University, and Bank of America has awarded $10 million to create the Center for Black Entrepreneurship.
By M.J. Prest
Senior Editor, Solutions
Events in Which Donors Raise Money From Friends Saw Steep Revenue Declines in 2020
With social gatherings banned or curtailed for much of last year, just four of the top 30 athletic and other large-scale fundraising campaigns managed to outpace their 2019 revenue.
By Emily Haynes
Senior Editor, Nonprofit Intelligence
Nonprofits Welcome Billions in Pandemic Giving but Wonder if Support Will Last
Philanthropy’s response to Covid-19 in 2020 — $20.2 billion, according to preliminary estimates released Wednesday — eclipsed giving to any other natural disasters in recent memory, and many grant makers dropped a wide range of restrictions they typically impose on their grantees.
By Alex Daniels
Senior Editor, Foundations
Businessman Gives $150 Million to Wofford College’s Endowment
Also, the University of Chicago will use a $25 million gift to create a Center for Global Health and Social Development, and Morgan State University received $20 million from an alumnus.
By M.J. Prest
Senior Editor, Solutions
Stimulus Bill Would Make Some Large Nonprofits Eligible for Forgivable Loans
The $1.9 trillion stimulus package passed by the House also would extend and expand help for nonprofits that self-insure unemployment benefits and would provide aid that could help many nonprofits that receive contracts from state and local governments.
By dan.parks
Contributor
National Service Advocates Hope for Expansion Under Biden Administration
In January, the Biden administration issued an executive order to direct federal agencies to develop plans for a Public Health Job Corps that would be modeled on AmeriCorp’s disaster-focused FEMA Corps program and would be administered under AmeriCorps’ National Civilian Conservation Corps program.
By Michael Theis
Contributor
Ballmer Group Names First National Director of Housing
Also, the Boston Symphony Orchestra has named its first woman president and CEO, and the CEO of the George Gund Foundation will retire at the end of the year.
By M.J. Prest
Senior Editor, Solutions
Donor-Advised-Fund Claims Spark Pushback From Critics
Fidelity’s announced last week that its donors directed $9.1 billion to charity last year; still, critics say donor-advised-fund sponsors exaggerated how much money is actually flowing to working charities.
By Alex Daniels
Senior Editor, Foundations
Bill and Melinda Gates Say Digital Giving Can Democratize Philanthropy
They also highlighted winners of their foundation’s Reimagine Charitable Giving Challenge, which awarded as much as $100,000 to ideas for ways that help small-dollar donors support their own or other communities in need.
By Emily Haynes
Senior Editor, Nonprofit Intelligence