Gates Foundation to Increase Funding to $8.3 Billion This Year
The grant maker predicts its annual grant budget will grow to $9 billion by 2026.
By Alex Daniels
Senior Editor, Foundations
A Family Fund’s Response to the Racial Reckoning: Give All Its Assets to One Black-Focused Nonprofit
A Baltimore foundation gave nearly all of its $1 million in assets to resuscitate a nonprofit newspaper. Its goal: to put the money in the hands of a Black-led charity and counter the idea it’s enough just to give to racial-equity organizations
By Alex Daniels
Senior Editor, Foundations
Charities Lose Fight to Persuade Lawmakers to Adopt New Giving Incentives
Nonprofits say they will make a push again in 2023 to allow everyone to write off their gifts to charity.
By Alex Daniels
Senior Editor, Foundations
He says his hands-on approach is working, as he laments inaction on climate change and the way the pandemic upended progress on fighting disease.
By Alex Daniels
Senior Editor, Foundations
Nonprofits Urged to Move Fast to Push Their Agendas in Congress
An influx of new lawmakers means the best chance for action on the charitable deduction and other issues nonprofits care about is during the next few weeks, when the old Congress will be moving through legislation, advocates say. But it’s also crucial to start educating new lawmakers who don’t understand how nonprofits and foundations work, they said.
By Alex Daniels
Senior Editor, Foundations
Some $46 billion flowed to working charities last year, and now more money is available even as the stock market has been on a rollercoaster and could dampen charitable giving.
By Alex Daniels
Senior Editor, Foundations
New Chair of Rockefeller Brothers Fund Wants the Public to Understand How Philanthropy Works
In an interview, Joseph Pierson, the new chair, and Valerie Rockefeller, the outgoing board leader, discuss general operating support, MacKenzie Scott’s giving approach, whether philanthropy should work to dismantle capitalism, and how the grant maker decided to divest from fossil fuels.
By Alex Daniels
Senior Editor, Foundations
Foundations and Big Donors Step In to Tackle the Nation’s Nurse Shortage
Grant makers are backing ways to pay educational costs and make the jobs more attractive, especially to people of color, who often don’t choose the profession, and promoting innovations such as the use of robots for routine tasks.
By Alex Daniels
Senior Editor, Foundations
The nation’s biggest private supporter of education says helping kids do better in math will help ensure they graduate high school and get well-paying jobs as adults. That means cutting support for reading, writing, and the arts.
By Alex Daniels
Senior Editor, Foundations
A new study by the Council on Foundations finds that grant makers are boosting benefits to make up for lack of pay raises. Meanwhile, the boards of foundations aren’t keeping up with strides in race and gender diversity of staff.
By Alex Daniels
Senior Editor, Foundations