Latest: Foundations
Many of a certain age nostalgically recall the Muscular Dystrophy Association’s (MDA) annual Labor Day Telethon as a holiday must-see, coinciding with the end of summer. From 1966 to 2010, the 21 ½-hour fundraising extravaganza was hosted by legendary comic and actor Jerry Lewis, who had been doing televised fundraisers for MDA since the middle 1950s. The telethon seen annually on television screens across America…
CF Insights, an online information resource for community foundations, is under new management. The transfer follows an agreement by New York-based nonprofit information clearinghouse Candid to relinquish full ownership of the site to the Council on Foundations, a network of about 850 grantmaking organizations headquartered in Washington, D.C. The switch took effect Sept. 1. CF Insights is a membership-based tool that lets community foundation managers…
Investment returns at private foundations dropped by 12% last year, a sharp turnaround from the 16.3% gains they realized in 2021. Community foundations — those supported by the public, including a mélange of corporations, families, individuals and other organizations — had investment return declines of 13.3% in 2022, compared with gains of 14.8% a year earlier, according to new data. The declines brought the 10-year…
A 60-year-old British foundation worth an estimated £138 million (175.9 million U.S.) is closing because of what leaders say is an irreparably tainted model of traditional philanthropy that cannot be saved and must therefore be dismantled root and branch, starting with their own organization. Lankelly Chase, based in London, has begun the process by giving approximately $11 million – about 6% of its endowment –…
Communities Foundation of Texas (CFT), the largest community foundation in Texas and one of the largest in the nation with $793 million in assets, unveiled Wayne White as its new president and CEO. White has more than 30 years of corporate and nonprofit leadership experience, nationally, globally, and at the regional and community level. White joined the foundation from his most recent role as a senior executive…
Foundation funding of historically Black colleges and universities (HBCUs) is still orders of magnitude less than foundation funding of Ivy League institutions, a disparity that was the focus of a recent study and could receive even more attention in the wake of the Supreme Court’s ruling ending decades of affirmative action. Following the racial justice protests of 2020, HBCUs received gifts totaling hundreds of millions…
The Ronald Reagan Presidential Foundation and Institute, Simi Valley, California, will create a nonpartisan Center on Public Civility. Reagan Foundation Board Chairman Frederick J. Ryan, Jr., who has already stepped away from his Washington Post CEO position and will relinquish his publisher position in August, will lead the new Center starting on September 1. “The Reagan Foundation has been promoting and teaching civility for years,…
New York Community Trust (NYCT) leaders will look to engage a younger and more diverse pool of donors to augment advocacy efforts related to climate change, immigrant and voting rights, and social justice issues as the foundation approaches its 100th anniversary. “We want to engage younger donors,” said NYCT President Amy Freitag during her address at the recent Fundraising Day in New York conference at…
Cryptocurrency’s growing acceptance in the realm of charitable giving is forging a partnership between donor-advised cryptocurrency platform Endaoment.org and crowdfunding platform GlobalGiving. The partnership will enable donations of more than 1,000 forms of cryptocurrency as well as NFTs (non-fungible tokens) and other digital and blockchain-derived assets to be made to more than 7,000 nonprofits worldwide. It affords Endaoment donors a previously unavailable global reach while…
The Walton Family Foundation, Bentonville, Arkansas, has launched The Connection Hub, a two-year program geared toward helping Arkansas-based 501(c)(3) nonprofits secure federal grants. The Connection Hub will aid a wide range of nonprofits, with a special focus on those specializing in early childhood health and education, food insecurity and individual and family economic stability and asset building. During its initial two-year run, the program will…
Moody’s Foundation, the social investing arm of Moody’s Corporation (NYSE:MCO), is accepting applications for global nonprofit partners aligned with its two strategic focus areas: empowering small businesses and supporting ecosystem restoration in emerging markets. “At Moody’s, we believe that promoting inclusion and resilience fuels a more prosperous future,” said Jennifer Stula Rivera, global head of community impact at Moody’s. “We are thrilled to welcome new…