Transform Philanthropy
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Donor-advised funds are benefiting from small family foundations’ closing or suffering drops in endowment assets as the costs and administrative burden of running the foundations have become too great. “Families with private foundations are increasingly deciding to unwind foundations into donor-advised funds,” said Laura Solomon, an attorney at Laura Solomon & Associates who works with a few hundred charities and foundation…
The UK’s top 100 family foundations gave 8.7 per cent less to charities in 2009/10 than in the previous year, according to a new report by the Centre for Charitable Giving and Philanthropy and the Pears Foundation. Family Foundation Giving Trends 2011 tracks the annual trends in the charitable giving of the largest 100 UK family foundations. It says that they gave a total of £1.29bn – about 7 per cent of all UK private giving – to charities in 2…
The Minnesota Council on Foundations has released its annual rankings of the top grantmakers in the state. According to MCF, the top five Minnesota grantmakers in terms of cash contributions were the Target Foundation and corporation ($133.9 million), the McKnight Foundation ($108.9 million), the General Mills Foundation and corporation ($78.9 million), the Minnesota Community and the Saint Paul foundations ($58.4 million), and the Medtronic Fou…
Charitable giving by the nation’s nearly 2,500 corporate foundations remained virtually unchanged in 2008, according to Key Facts on Corporate Foundations. Giving totaled an estimated $4.4 billion last year. Corporate foundation giving in 2009 will most certainly decline; 51 percent of corporate foundations responding to the Center’s survey said they expect to reduce their giving this year. …
The John S. and James L. Knight Foundation has promised $70 million over the next seven years to community foundations that serve cities where the Knight brothers owned newspapers.“Information is an essential community need, and community foundations were established to meet core needs,” said Alberto Ibargüen, the Knight Foundation’s president. “They also only exist and thrive because of community engagement and contributions. That makes them id…
Bruce Flessner will be speaking at the CASE National Committee for Institutionally Related Foundations committee meeting on Tuesday, Sept. 20 in Minneapolis, to share his thoughts on the latest trends in higher ed philanthropy and foundations. Meet the committee! …
French Universities, long entirely dependent on the state for their finances, have set up 39 private foundations to receive donations, the country’s higher education minister, Valérie Pécresse, announced Wednesday. The initiative, made possible by a change to French law in 2007 giving universities more autonomy, is intended to allow donations from alumni and private individuals as well as from businesses. Nearly half the 83 universities ha…
The battering that endowments suffered during the stock market collapse of 2008-09 combined with the administrative burdens of running a foundation and generational differences in charitable giving have all contributed to an increase in the number of limited-lifespan foundations. In its latest annual report, Atlantic Philanthropies, which plans to spend down its assets and close by 2020, profiles other foundations and philanthropists who have an…
The Council on Foundations launched a board that will provide accreditation for community foundations in the U.S. based on standards created in 2000 and updated in 2008. Full-text post is available via Philanthropy Journal, 8.11.09. …
Thirty-two more foundations from across the country have committed to dedicate a majority of their grants to benefit underserved communities and to provide substantial support for strategies that seek solutions to social problems. They expressed their commitment by joining Philanthropy’s Promise, an initiative by the National Committee for Responsive Philanthropy (NCRP) launched in June 2011, which seeks to encourage effective and strategic givi…
