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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 […]

TechSoup Launches COVID-19 Response Fund...

TechSoup, the nonprofit network facilitating distribution of technology solutions to civil society organizations globally, launched the COVID-19 Response Fund to help grassroots nonprofits make critical technology investments while continuing to serve the most vulnerable communities through the crisis and into the future. Through the Response Fund, TechSoup will underwrite technology hardware and tools, training and […]

Gates, Facebook And Donors Pitching In On COVID-19 Fight...

The Bill & Melinda Gates Foundation, Wellcome, and Mastercard have committed up to $125 million in seed funding to speed-up the response to the COVID-19 epidemic by identifying, assessing, developing, and scaling-up treatments. The partners are committed to equitable access, including making products available and affordable in low-resource settings. The COVID-19 Therapeutics Accelerator will play […]

Giving Circles in N.J. Payout $3.48 Million...

More than 1,100 New Jersey women have joined one of the four women’s giving circles hosted by The Community Foundation of New Jersey (CFNJ) and have made nearly $3.5 million in philanthropic gifts. Through Impact 100 Essex, Impact 100 Garden State, Impact 100 Jersey Coast, and Impact 100 South Jersey, 1,100 New Jersey women have […]

CDC Foundation Has COVID-19 Guidelines For Nonprofits...

While global health and governmental agencies grapple with how best to fight the new coronavirus (COVID-19), nonprofit organizations worldwide are scrambling to figure out what steps they should take and how they can be helpful in this time of uncertainty. The U.S. Centers for Disease Control and Prevention (CDC) is taking aggressive public health measures […]

Diversity Still A Challenge At Small Foundations...

Small to medium-sized foundations, on average, awarded 73 grants during 2019 and two-thirds provided general operating support to applicants. Board diversity remains a challenge as does equity in grantmaking. Those are a few data points from the new report, “2020 Foundation Operations and Management Report,” issued by Exponent Philanthropy. The organization’s members are described as […]