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“Optimist” Bloomberg Sets Foundation’s Course...

Philanthropist, media mogul and former New York City Mike Bloomberg calls himself an optimist in his annual letter on philanthropy. He also outlined the priorities for his foundation, which include climate and environment, gun violence, opioids, education, and supporting local leaders. Those come under the headings of arts, education, environment, government innovation, and public health. […]

$1 Billion For Housing...

Wells Fargo will commit $1 billion through 2025 to help address housing affordability, led by a former Ford Foundation executive. The San Francisco, Calif.-based bank today announced that Brandee McHale will become head of corporate philanthropy, leading the Wells Fargo Foundation, effective Aug. 1. Most recently, she was head of corporate citizenship at Citigroup Inc. […]

Wyden Blocks Senate Vote On Darling Nomination  ...

The nomination of OneStar Foundation CEO Elizabeth Darling to a commissioner role in the U.S. Department of Health and Human Services (HHS) is being blocked in the U.S. Senate as a protest to new federal rules on foster care being implemented in South Carolina.

Foundations Investing Millions On Social Impact Data...

The Rockefeller Foundation and the Mastercard Center for Inclusive Growth will invest $50 million over five years to build the field of data science for social impact, starting with a $20-million investment in DataKind. “Like the introduction of science to medicine 100 years ago transformed the delivery of health worldwide, we are poised to take […]

Endowment Managers Don’t Expect Much In 2019...

More than 50 percent of endowment and foundation managers are bullish on private equity (PE) investments while the vast majority of those surveyed expect domestic equities to be relatively flat or will taper off this year, returning single digits. The year-end 2018 survey by NEPC’s Endowments & Foundations Practice Group was conducted Nov. 15, prior […]

2016 Election Keyed Changes At Small Philanthropies...

Leaders at one in four small foundations said the organization changed granting giving as a result of the 2016 elections, with more than half funding advocacy-related activities or increasing allocations to advocacy. Those decisions did not change with the 2018 mid-term elections. Exponent Philanthropy’s Pulse Check Survey of more than 450 small foundations showed 25 […]

Scammers Posing As Kresge Foundation Reps...

Bogus messages purporting to be from The Kresge Foundation and asking for personal information have been circulating via email and social media. The Troy, Mich.-based foundation issued a warning yesterday that people have been posing online, in emails and social media, as “representatives” of The Kresge Foundation. Individuals are using the foundation’s name “without authorization […]

Russell Foundation Boosts Impact Investments...

The Russell Family Foundation (TRFF) has shifted impact investments in its portfolio from 7 percent to 76 percent over the past several years. Impact investments now comprise roughly $100 million of its $141-million endowment. During that time, 2013-2018, the portfolio outperformed its blended benchmark by 2.7 percent annualized (7.9 percent versus 5.2 percent annualized returns.) […]

Survey: Most Foundations Keep Funding Failures Under Wraps...

More than 40 percent of foundation CEOs believe that their foundations are not investing enough time and money in developing a better understanding of their programs, according to survey released today. The Cambridge, Mass.-based Center For Effective Philanthropy (CEP) surveyed 119 CEOs of private and community foundations that give a minimum of $5 million a […]

WGBH Launches $175-Million Capital Campaign...

WGBH Educational Foundation launched what it describes as the largest-ever capital campaign for a public media organization. The “Campaign for WGBH: Leadership in the Digital Century,” is a five-year, $175-million campaign that the Boston, Mass.-based organization aims to complete by the end of 2020. The launch of the public phase of the campaign last week […]