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.
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.
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.
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.
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.
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.
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.
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.
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.
Billions Pledged for Racial Equity Giving Not Necessarily Adding Up to Systemic Change
Figuring out how best to deploy money was a struggle for some grant makers, who are now trying to look at what approaches worked best.
How Black Voters Matter Uses Its Influx of Dollars to Build Political Power
A year after the police killing of George Floyd and amid a barrage of restrictive voting laws being passed by state legislatures, the group is using millions of dollars in contributions to increase voter participation in the South and beyond.
Nonprofit Powers Creation of Low-Cost Covid Vaccine
The nonprofit group PATH is using its connections with international government agencies, vaccine manufacturers, and scientists to create a coronavirus vaccine that can be manufactured in lower-income countries.
Q&A With the Lilly School’s New Environmental Philanthropy Scholar
Ashley Enrici recently joined the faculty of the Indiana University Lilly Family School of Philanthropy in a new role dedicated to examining issues at the intersection of the environment and philanthropy.
Richard King Mellon Foundation Awards $150 Million to Carnegie Mellon U.
Also, Cisco has committed $50 million to offer scholarships to students at historically Black colleges and universities, and the Annenberg Foundation has given a challenge grant of $25 million to protect wild cougars in Los Angeles.
Philanthropy Is Missing a Major Piece of the Abortion Puzzle
As we prepare for a world without Roe v. Wade, philanthropy needs to radically shift its funding strategy from a decades-long focus on reproductive rights to a much greater emphasis abortion care and logistics.