JPMorgan Chase Pledges $400 Million to Expand Affordable Housing for People of Color
Also, the University of Utah has received $110 million for its School of Medicine, and the Wyss Foundation has committed $108 million to protect wildlife and parks throughout Africa.
By M.J. Prest
Senior Editor, Solutions
5 Years After the Pulse Massacre: Lessons for Philanthropy
A fund that gave decision making to those touched by the tragedy led to long-term gains in advocacy — and healing efforts that made a real difference.
Giving Grew in a Tumultuous Year but Not for All. What’s Ahead in 2021?
Individual giving made up 69 percent of all philanthropy last year, the smallest share “Giving USA” has ever recorded.
By Eden Stiffman and Michael Theis
2 Anonymous Donors Pledge $550 Million to Western Michigan U.
Plus, four universities, an art museum in Israel, and an Ohio medical center received big gifts.
By Maria Di Mento
Senior Editor
Coalitions of Foundations and Donors Line Up to Oppose New Senate Measure to Speed Up Giving
Opponents say the measure, which would offer tax benefits to grant makers and donors who push money out the door, especially harms family foundations and community funds.
By dan.parks
Contributor
Embracing Feminism Can Change Philanthropy and Create a More Equitable World
Well-known women philanthropists like MacKenzie Scott and Melinda French Gates are showing what’s possible if we move beyond traditional giving approaches. Now we need to expand their approaches on a large scale.
By Rena Greifinger
Contributor
Sens. Grassley and King Push Measure to Accelerate DAF and Foundation Giving
Two key U.S. senators introduced legislation Wednesday designed to spur faster payouts from donor-advised funds and foundations, giving new momentum to an effort that has deeply divided philanthropy.
By dan.parks
Contributor
Mellon Foundation Commits $125 Million to Get N.Y. Artists Back on Their Feet
Also, Deloitte will make $75 million in grants to diversify the pipeline of people who seek careers as certified public accountants, and Google.org gave $2 million in honor of Pride Month.
By M.J. Prest
Senior Editor, Solutions
Scholars Debate Whether Donor-Advised Funds Deprive Charities of $300 Billion
Lack of reliable data about giving stymies academic efforts to figure out the impact of the growth of commercial advised funds on charities that provide direct services, advocacy, and more.
By Michael Theis
Contributor
Mastercard Foundation to Spend $1.3 Billion to Vaccinate Africans for Covid
In a first-of-its-kind effort for a Western nonprofit to bolster Africa’s lagging vaccination campaign amid widespread fear of a third wave of infections, the grant maker will acquire and deliver Covid-19 vaccines for more than 50 million people on the continent.
Grant makers should invest long-term in dismantling the root causes of anti-Asian violence — specifically, white-supremacy culture — rather than sporadically and in short-term bursts pouring funds into the minority group du jour.
By Sayu Bhojwani
Contributor
UVA Lands $50 Million From Billionaire Alums Bruce and Martha Karsh
Plus, University of Illinois at Urbana-Champaign received $45 million from Pampered Chef founder Doris Kelley Christopher.
By Maria Di Mento
Senior Editor
More Money and Momentum Fuel Police Accountability Work in Calif.’s Central Valley
Faith in the Valley has been focused on racial justice in that area for many years, which allowed it to move quickly to expand programs as additional money came in 2020.
By Jim Rendon
Executive Editor
The Truly Rich Get a Free Pass in New Study of ‘Wealthy’ Donors
A report by Bank of America and the Indiana University Lilly Family School of Philanthropy doesn’t paint an accurate picture of how little the ultra-wealthy actually give.
The Biden administration’s decision to waive intellectual property rights for the Covid-19 vaccine is a remarkable first step toward remaking a monopolistic, profit-driven system that is literally killing people. American philanthropy needs to join the growing global movement to create a new approach.
By Priti Krishtel
Contributor
HSBC Commits $100 Million to Create Climate Solutions Partnership
Also, Georgia Power has pledged $75 million for racial-equity programs in the state, and the McKnight Foundation will award $1 million in unsolicited grants to social-justice groups in Minnesota in memory of George Floyd.
By M.J. Prest
Senior Editor, Solutions