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New Tools Shows Funding Immigrants, Refugee Funding Lacking...

Even though immigrants and refugees represent 14 percent of the population, local foundations gave barely 1 percent of total grantmaking to benefit those communities in 2017 and 2018 but a new tool from the National Committee for Responsive Philanthropy (NCRP) can provide a state-by-state breakdown, drilling down to find highs and lows across the nation. […]

U.S. Arts and Culture Nonprofits Face $6.8 Billion Shortfall...

Arts and culture nonprofits in the United States with annual budgets of more than $50,000 are facing a $12.4 billion revenue shortfall due to Covid-19-based interruptions. Despite reduced payroll expenses, and cuts to non-personnel expenses, these 35,000 organizations will still have a bottom-line deficit of $6.8 billion. According to a report from Southern Methodist University’s SMU […]

Metallica Unveils ‘Month Of Giving’ For COVID-19 Relief...

The entertainment industry continues its ramp-up of COVID-19 relief with the latest announcement from the heavy metal band Metallica and its U.S.-based charity All Within My Hands for a “Month of Giving” initiative. The foundation’s leaders were inspired by the recent #GivingTuesdayNow campaign, according to an announcement from the foundation. This element of the foundation’s […]

Small Foundations Shifting Funding Due To COVID...

Almost four out of five small funders have changed their approach to funding as a result of COVID-19 and of those that have not, almost 20 percent plan to change their approach in the next year, according to a recent survey. Exponent Philanthropy surveyed small foundations in April to learn how the organizations are handling […]

Don’t Call Us, We’ll Call You 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 […]

Rockefeller Adds $30 Million To COVID-19 Relief Funding...

The Rockefeller Foundation will commit another $30 million to COVID-19-related programs around the world, including $15 million for a national action plan to expand testing and more safely reopen the U.S. economy, its president said in his annual letter for 2020. The new $30 million in funding brings to $50 million Rockefeller’s commitment to COVID-19 […]

$80 Million Fund Set For Jewish Organizations...

Seven Jewish foundations joined together to announce the launch of the Jewish Community Response and Impact Fund (JCRIF), which will provide more than $80 million in interest-free loans and grants to help maintain the infrastructure of Jewish life that advances Jewish education, engagement and leadership.  JCRIF’s funders include the Aviv Foundation, the Charles and Lynn […]

Arts Groups And Their Neighbors Devastated By Shutdowns...

The coronavirus has had a devastating economic impact on America’s arts sector. Since the first U.S. case was reported on Jan. 20, 2020, cancellations and closings have been reported at thousands of arts organizations across the country with a $4.5 billion loss to the bottom lines and total impact of $10.7 billion. Americans for the […]

Foundations Paying Out, Expect Deep Recession...

Managers at a majority of endowments and foundations (55 percent) polled by Boston-based research firm NEPC, expect a severe recession similar to that of 2008. Some 41 percent of respondents are more optimistic and expect a short, sharp COVID-19-driven recession followed by a strong recovery. The majority of respondents (61 percent) are rebalancing their portfolios […]

Self-Dealing Exceptions...

National emergency allows assistance to employees, family members The novel coronavirus (COVID-19) outbreak has forced many businesses to significantly curtail operations or temporarily close doors. As a result, many individuals might find themselves out of work, and families across the country are struggling with the effects of a sudden, sharp downturn in the economy. On […]