Millions Raised by Trump Yet to Reach Veterans’ Groups
Nineteen groups named by Donald Trump’s presidential campaign as beneficiaries of his January rally for veterans have collectively received about $2.4 million of the event’s estimated $6 million haul, according to The Wall Street Journal.
N.Y. Court Tosses Suit Opposing Diller-Funded Park on Hudson
A lawsuit filed last year by a nonprofit critical of billionaire media mogul Barry Diller’s planned park and performance center on a Hudson River pier was dismissed Thursday by a New York State judge, The New York Times reports.
Small Foundations Significantly Boost Giving, Study Says
Grant makers with less than $50 million in assets increased their giving by nearly one-quarter in 2015, according to Foundation Source. The smallest foundations gave away the greatest percentage of their assets.
By Alex Daniels
Contributor
Grant Makers Need a New Approach to Reversing Inequities in America’s Cities
With people of color rapidly becoming the majority of the population, the country’s future depends on giving everyone an equal shot at prosperity.
By Rip Rapson
Contributor
Big Gifts for Carolinas HealthCare and U. of Toronto
The Leon Levine Foundation donated $25 million to expand cancer care at the Charlotte-based medical network, the Charlotte Business Journal writes, and the University of Toronto received $22.8 million from the estate of businessman Joseph Rotman, reports The Globe and Mail.
New Report Highlights Grant Makers Focused on Global Peace
A study by the Peace and Security Funders Group and the Foundation Center offers what the organizations tout as the first detailed look at foundation contributions to building international peace, stability, and prosperity, the center announced Tuesday.
Grants Roundup: GE Foundation Awards $50 Million to Boston Organizations
Other awards include $21.9 million from the MasterCard Foundation to Arizona State University to help students from Ghana complete undergraduate and master’s degrees.
By Eden Stiffman and Alex Daniels
Foundation Chiefs Spar on Question of Giving in Perpetuity
Debating the issue at a conference in California, some argued that grant makers should deplete their assets before their strategies go stale, but others insisted society is better served by foundations that stick around for the long haul.
By Megan O’Neil
Contributor
JPMorgan Commits $125 Million to Help Urban Neighborhoods
The banking giant is seeking to help those left behind or pushed out by gentrification.
By Alex Daniels
Contributor
The Value of Foundations That Operate Forever
The board chair of the Council on Foundations — who also heads a Florida fund that operates in perpetuity — asks whether it’s smart to assume the world would be better off if all grant makers operated for a limited time.
By Sherry Magill
Contributor
GE Pledges $50 Million for Education and Health in Mass.
General Electric on Monday pledged $50 million to improve education, career planning, and health in the state, according to The Boston Globe.
Wall St. Manager Was Duped Into Suggesting Foundation Invest in Alleged Fraud Scheme
James McIntyre, a managing director at Moore Capital Management, is the previously unidentified person who unwittingly recommended that a foundation affiliated with his hedge fund put nearly $25 million into an allegedly fraudulent investment scheme run by a private-equity executive, The New York Times reports, citing unnamed sources.
Why I Regret Pushing Strategic Philanthropy
A foundation veteran who (co-)wrote the book on marrying measurement to giving now says the ideas he promoted have had some “nasty” effects on donor-grantee relationships.
By Hal Harvey
Contributor
How Donors Can Spread Ideas to Help Kids
The greatest chance to improve the lives of children occurs through age 5, but programs for preschoolers get far less government and philanthropic support than efforts for older children.
Now or Forever: Rethinking Foundation Life Spans
Philanthropists, Congress, and the courts have all weighed in on whether grant makers should spend down their assets or continue in perpetuity, but it’s time to take a closer look.
By Rob Reich and Ray D. Madoff
‘Real Housewives’ Star’s Charity Raises and Spends Little
The youth-focused foundation run by Katie Rost, a model-turned-philanthropist featured in reality show The Real Housewives of Potomac, is “almost nonfunctional” and has granted only a few thousand dollars in its decade of existence, The Washington Post writes.