Search Results:

Good360 Launching Regional Distribution Centers...

Product philanthropy nonprofit Good360 is launching Regional Operating Centers (ROCs) for in-kind donation distribution. The intention is to bolster network capacity to receive product donations in large and frequent volumes and disseminate them based on need. Funded by Good360 via a $1 million grant from Walmart, two new ROCs will open this fall, serving the Baltimore, […]

Despite Volatility, Endowments, Foundations Optimistic...

Only 14 percent of nonprofits running endowments and foundations expect a recession within the next two years while barely 1 in 10 (11 percent) have made no adjustments to their portfolio’s risk exposure. Despite that, a slowdown in economic growth poses the greatest threat to short-term performance, according to almost half of respondents (46 percent) […]

Impact Investing Catching On With Family Foundations...

The number of family foundations engaged in mission and impact investing has doubled since 2015, with more foundations planning to institute or expand it. Family foundations created since 2010 are much more likely to use program-related investments and other mission-related or impact investing approaches, according to Trends 2020, the second national benchmark survey of family […]

Grant Thornton Launches Funding For Emerging NPOs...

Accounting and advisory firm Grant Thornton LLP has launched Purple Paladins – a national program that provides nonprofits with funding, business advice and volunteer support, while also helping them share their stories with thousands of people. The firm and its professionals kicked off Purple Paladins by surprising their first recipient — Chicago nonprofit Coming Up Rosies — […]

Big Donors Need Bigger Commitment From Nonprofits...

Major donors are becoming more important for charities as the number of smaller-dollar donors declines. And, big gifts from donors are preferred by nonprofit leaders, as compared to foundation funding. “Crucial Donors: How Major Individual Givers Can Best Support Nonprofits,” released today by The Center for Effective Philanthropy (CEP), delves into survey results of nonprofit […]

Returns on Foundation Investment Dived In 2018...

Private and community foundations had negative returns on investments during 2018 (-3.5 percent) compared to double-digit gains (15 percent) in 2017. According to new data from the 2018 Council on Foundations-Commonfund Study of Investment of Endowments for Private and Community Foundations® (CCSF), community foundations participating in the study reported an average negative return of 5.3 […]

Obama Foundation Selects First President...

Former Deputy National Security Advisor for International Economics and Deputy Director of the National Economic Council Adewale “Wally” Adeyemo will join The Obama Foundation in Chicago as its first president. Adeyemo will manage the foundation’s day-to-day operations, helping to implement the organization’s overall strategic goals and vision. During the past several years, the Obama Foundation, […]

Y Fitness Centers To Close in Sarasota...

Two Sarasota Family YMCA fitness centers will close permanently next month after operating at a financial loss for the past several years, the organization announced. The fitness centers are the Evalyn Sadlier Jones Branch at Potter Park Drive and the Frank G. Berlin Sr. Branch on South Euclid Avenue in Sarasota, Fla. The YMCA’s board […]

“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. […]