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Foundations Keeping Word on COVID Flexibility...

Most foundations that pledged to loosen or eliminate restrictions on existing grants and reduce what they ask of grantees in response to the COVID-19 pandemic have followed through on that promise. “Foundations Respond To Crisis: A Moment of Transformation?,” the first in a series of three reports from the Center for Effective Philanthropy (CEP), found […]

Foundations Set Public Policy Agenda For 2021...

The Johnson Amendment, encouraging charitable giving, federal tax regulations and post-graduate scholarships top the list of policy priorities for the Council on Foundations (CoF) for 2020-2021. The CoF also does not support a change in the mandatory payouts by foundations. The Washington, D.C.-based CoF’s public policy council recently released the priorities list and the rationale […]

Kid Cancer Parents Merge Operations...

Two charities founded by parents who lost their children to cancer have joined to continue their battle against childhood cancer. Alex’s Lemonade Stand Foundation (ASLF) and I Care I Cure (ICIC) announced a merger. The two entities have partnered in the past to fund 24 cutting-edge research projects. “We are seeing more of this consolidation […]

4-Step Process For Foundation Mergers...

Due diligence, planning, integration and communication are the key steps identified in a report examining corporate philanthropy programs in the aftermath of a merger or acquisition. The Council on Foundations (CoF), a Washington, D.C-based coalition of more than 2,000 foundations, released “Navigating Mergers and Acquisitions: Guidance for Corporate Philanthropy Leaders.” “There’s no playbook when it […]

PowerUp Fund Starts Paying $60 Million...

Hispanics in Philanthropy (HIP), Oakland, Calif., has made the first of its donations to nonprofits that aid Latino small businesses impacted by the COVID-19 pandemic. The donations will come from HIP’s PowerUp Fund, which eventually aims to raise $60 million – one dollar for each Latinx who lives in the United States. The first wave […]

$26 Million Is an “Audacious” Pledge...

Harlem Children’s Zone (HCZ) will receive a $26-million commitment through The Audacious Project to inject vital resources into six communities nationwide that have historically faced neglect and disinvestment as part of its response to COVID-19. HCZ aims to raise $50 million to support implementation of COVID-19 relief efforts. The newly launched William Julius Wilson Institute […]

Environmental Information Portal GEMA Getting U.S. Arm...

Elizabeth Kucinich, a longtime social causes advocate, and her husband, former congressman and presidential candidate Dennis Kucinich, are launching the United States arm of the Monaco-based Global Environment Movement Association (GEMA). The new organization offers an online platform that brings together research and information resources from across the environmental community. It will also provide guidance […]

Ain’t No Sunshine: Miami-Dade Nonprofits Face Tough Times...

Florida nonprofits are feeling the COVID-19 squeeze, according to a survey from Florida International University’s Jorge M. Perez Metropolitan Center in Miami. Anticipated revenue is down, layoffs are up and the basic ways they conduct business are changing dramatically. More than seven in 10 say the COVID-19 crisis has led to employees working remotely, with […]

Upstart Co-Lab Finds $1 Billion For Impact Investments...

Upstart Co-Lab, New York City has launched a new impact investment coalition with the potential of providing more than $1 billion. Under its direction, the entities that make up the coalition’s Member Community will put resources toward sustainable food, ethical fashion, social impact media, other creative industries and creative places. The Member Community enables Upstart […]

Robin Hood To Back Black-Led Nonprofits...

Robin Hood Foundation, the Wall Street-backed nonprofit that funds poverty fighting programs and charter schools in New York City, plans a new $10-million fund dedicated to financing nonprofits run by people of color. The “Power Fund” already has seed capital of $10 million from the likes of Goldman Sachs and J.P. Morgan. Robin Hood President […]