WealthEngine Joins the Pledge 1% Movement, Makes Commitment to Integrated Philanthropy
WealthEngine announced today that it has joined Pledge 1%, a corporate philanthropy movement dedicated to making the community a key stakeholder in every business. Spearheaded by Atlassian, Rally, Salesforce and Tides, Pledge 1% empowers companies to donate 1% of product, 1% of equity, 1% of profit or 1% of employee time to improve communities around the world.
Full article text is available via PR Newswire, 07/12/2018
Philanthropy’s Racism Problem Stems from Too Little Data
The rapid growth of conversations in philanthropy on what diversity, equity, and inclusion really mean is a sign that many of us who work at foundations recognize the problem. But change will only come with concrete action. To guide that action, philanthropy needs to be able to understand the demographics of the organizations that get money and those that don’t, who gets served (and who doesn’t), and which communities get help (and which don’t).
Full article text is available via The Chronicle of Philanthropy, 07/12/2018
UBS Brought the Bond Market to Philanthropy and It Paid Off
UBS Group AG’s Optimus Foundation launched the first-of-its-kind $270,000 Educate Girls Development Impact Bond in 2015 to fund a program in a remote district of Rajasthan to improve schooling opportunities for girls. The program outperformed its goals and the foundation earned a 15 percent internal rate of return, said Phyllis Costanza, chief executive officer of the UBS Optimus Foundation.
Full article text is available via Bloomberg, 07/12/2018
What Does This Atypical Donation Say About the State of Regional Higher Ed Fundraising?
Universities continue to rake in mountains of cash thanks to a bullish stock market, alumni donors who made their millions far from familiar coastal enclaves, and fundraising teams that never stop fundraising. This perfect storm occasionally generates some rather unconventional gifts.
Full article text is available via Inside Philanthropy, 07/14/2018
Women Lead a New Era in Family Giving
Family philanthropy is a time-honored tradition that was largely set into motion by the patriarchs of some of America’s old-money families, including the Rockefellers and Astors. That tradition continues but now it’s more often being directed by the women of the household, and they have a very different approach.
Full article text is available via Robb Report, 07/16/2018
Gamers are Becoming a Powerful Source of Philanthropic Donations
The Activision Blizzard video game Overwatch is a wildly popular multiplayer video game that features teams of players facing off against each other in battle. Earlier this summer, the company launched an inventive real-life way for players and fans to combine forces and make some world change of their own, by raising $12.7 million for the Breast Cancer Research Foundation.
Full article text is available via Fast Company, 07/16/2018
“The Human Factor.” How This Foundation is Responding to Grantee Feedback
In the fall of 2017, the Barr Foundation commissioned the Center for Effective Philanthropy (CEP) to conduct a Grantee Perception Report, or GPR. More than 200 respondents participated in the GPR, which is a confidential survey of grantees and declined applicants about working with a funder. This is an important tool for foundations to gauge how they’re managing relationships that come with built-in tensions.
Full article text is available via Inside Philanthropy, 07/17/2018
Warren Buffett Just Made His Largest Donation to Date
Warren Buffett continues to make good on his commitment to The Giving Pledge, donating Berkshire Hathaway (BRK-B) stock worth approximately $3.4 billion to five charities this week.
Full article text is available via Fortune, 07/17/2018