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Gates, Facebook And Donors Pitching In On COVID-19 Fight...

The Bill & Melinda Gates Foundation, Wellcome, and Mastercard have committed up to $125 million in seed funding to speed-up the response to the COVID-19 epidemic by identifying, assessing, developing, and scaling-up treatments. The partners are committed to equitable access, including making products available and affordable in low-resource settings. The COVID-19 Therapeutics Accelerator will play […]

Giving Circles in N.J. Payout $3.48 Million...

More than 1,100 New Jersey women have joined one of the four women’s giving circles hosted by The Community Foundation of New Jersey (CFNJ) and have made nearly $3.5 million in philanthropic gifts. Through Impact 100 Essex, Impact 100 Garden State, Impact 100 Jersey Coast, and Impact 100 South Jersey, 1,100 New Jersey women have […]

CDC Foundation Has COVID-19 Guidelines For Nonprofits...

While global health and governmental agencies grapple with how best to fight the new coronavirus (COVID-19), nonprofit organizations worldwide are scrambling to figure out what steps they should take and how they can be helpful in this time of uncertainty. The U.S. Centers for Disease Control and Prevention (CDC) is taking aggressive public health measures […]

Diversity Still A Challenge At Small Foundations...

Small to medium-sized foundations, on average, awarded 73 grants during 2019 and two-thirds provided general operating support to applicants. Board diversity remains a challenge as does equity in grantmaking. Those are a few data points from the new report, “2020 Foundation Operations and Management Report,” issued by Exponent Philanthropy. The organization’s members are described as […]

Dealing with Closed-Door Foundations...

When first diving into a high-quality funder research database, you’ll probably feel giddy with relief. With only a few clicks you can find “go” and “no-go” indicators to flush out those grantmakers most likely to support your work.  But relief will soon morph into disappointment as one synopsis after another warns that the funder does […]

Nonprofit Finance Fund Targets $10 Million For Housing...

Permanent supportive housing is a proven approach to reducing homelessness, and in Los Angeles, Nonprofit Finance Fund (NFF) is speeding development of much-needed homes. NFF’s $10 million Accelerating Permanent Supportive Housing Fund provides flexible financing to support developers’ critical work increasing the number of projects in development. Investors include the California Community Foundation (CCF), the […]

BlackRock Establishes Corporate Foundation...

BlackRock, Inc. has made a charitable contribution of its remaining 20 percent stake, 15.6 million shares, of PennyMac Financial Services, Inc., with a market value of $589 million, to fund the firm’s social impact efforts to advance a more inclusive and sustainable economy. The contribution will provide long-term funding for the firm’s future philanthropic investments […]

Endowments Investing In Women, Minorities...

The nation’s largest foundations invest, on average, between 9 and 14 percent of assets with women- or minority-owned investment firms, according to a new report. “Diversity of Asset Managers,” a study released by The John S. and James L. Knight Foundation, assesses representation of women and racial or ethnic minorities among investment firms used by […]

Stake Driven Through Transylvania’s United Way...

It’s been a tough year for the United Way of Transylvania County (UWTC). Steve Pulliam retired in February after 19 years as CEO. His immediate successor, Louis Negrón, stepped down seven months later. In September, the Brevard, N.C.-based affiliate faced a $60,000 shortfall that was covered by a stopgap loan. Earlier this month, the board […]

NIA Lands Its 20K Member...

Nonprofits Insurance Alliance (NIA), an insurer focused on the 501(c)(3) nonprofit sector, unveiled its 20,000th member. 4CS of Passaic County based in Paterson, N.J., provides financial assistance with childcare to low-income families and helps struggling parents and caretakers obtain accessible, affordable, and quality childcare. 4CS joins nonprofits across 32 states and the District of Columbia as NIA members. NIA surpassed 10,000 members in 2010 and with the new milestone has doubled in less than nine years, according to the organization. The network […]