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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. […]

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 […]