10 Largest Donor-Advised Funds Grew Sharply in 2018
They took in $21.5 billion last year, up 24.7 percent from 2017. That’s more than what the top 18 charities combined received in private gifts of cash and stock.
By Michael Theis
Contributor
Plus, Thomas Jefferson University gets $70 million from Sidney and Caroline Kimmel,, and UCLA gets $46 million from entertainment mogul David Geffen.
By Maria Di Mento
Senior Editor
Elton John AIDS Foundation Taps New Chief Philanthropy Officer (Transitions)
Also, Opera San Antonio has selected its next general and artistic director, and Wells Fargo appoints two new philanthropy leaders.
By M.J. Prest
Senior Editor, Solutions
Sue Desmond-Hellmann to Step Down at Gates Foundation, Citing Health Needs
Mark Suzman, the foundation’s chief strategy officer and president of global policy and advocacy, will take over as chief executive on February 1.
By Alex Daniels
Contributor
New Group Aims to Boost Interest in and Efficacy of Impact Investing
A group of nine private and corporate foundations and family offices have pooled $12 million to help ensure that the investments are truly serving the public good and that support for the practice grows.
By Alex Daniels
Contributor
Nonprofits Raise Nearly $2 Billion Online and Off on GivingTuesday
As the day that kicks of year-end appeals wrapped up, U.S. nonprofits had raised an estimated $511 million online and twice as much offline. Many organizations fared better than in 2018 and took advantage of a variety of creative approaches to draw attention. Still, some say the deluge of email appeals may be turning off donors.
By Emily Haynes and Eden Stiffman
Our Policy on Correcting Errors
In Tuesday’s newsletter, we noted that we had made two significant errors, but we violated our own editorial standards by not placing them more prominently to ensure all readers saw them. We noted that in our Elsewhere Online section, we wrongly placed an article about the philanthropist Bill…
Multiple Donors Pool $2.6 Billion to Eradicate Polio Worldwide (Grants Roundup)
Also, the Open Society Foundations has committed $830 million to expand an academic-freedom partnership between Bard College and Central European University, and the Pulte Family Charitable Foundation is giving $111 million for anti-poverty research at the University of Notre Dame.
By M.J. Prest
Senior Editor, Solutions
Fidelity and Schwab Ban Gifts From Donor-Advised Funds to NRA-Affiliated Charities
The two biggest donor-advised-fund sponsors in the United States made the move following reports of IRS investigations into the gun rights group’s network of nonprofits.
By MICHAEL THEIS
Contributor
Grant Makers Face Uphill Battle as They Push for a Kinder Form of Capitalism
The Ford Foundations and others have made headway in their efforts to get companies to care about more than shareholder returns, but doing so requires reversing decades of policies and popular economic theories.
By Alex Daniels
Senior Editor, Foundations