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Raytheon commits $500 million for social impact initiative
The Connect Up initiative will leverage philanthropic capital, public/private partnerships, and employee volunteerism to advance equitable opportunities in STEM education, career development, and community well-being, with a focus on communities of color…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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McKnight Foundation awards $17.9 million in Q1 grants
The grants include a total of $5.4 million in support of the inaugural cohort of the foundation’s Vibrant & Equitable Communities program, which provides support to partners committed to achieving more equitable outcomes with and for Black, Indigenous, and people of color communities in the state…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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To What Extent Is Trust a Prerequisite for Charitable Giving? A Systematic Review and Meta-Analysis
Nonprofit and Voluntary Sector Quarterly, Ahead of Print. Trust is assumed to be important for charitable giving. However, disparate associations have been found, and recent theoretical approaches emphasize motives for giving that do not rely on trust. To resolve this tension, we conducted a systematic review of evidence generated between 1988 and 2020. A meta-analysis…
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Irvine Foundation awards $22.6 million in grants
Grants were awarded in support of three initiatives focused on working Californians…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Daniels Fund awarded $64.9 million in 2020
The total includes $48 million in grants to nonprofits in Colorado, New Mexico, Utah, and Wyoming, as well as select national organizations, and $16.8 million in scholarships…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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High-Capacity Donors’ Preferences for Charitable Giving
Nonprofit and Voluntary Sector Quarterly, Ahead of Print. How can charities solicit high-capacity donors to provide the funds for matching grants and leadership gifts? In conjunction with Texas A&M University’s fundraising organizations, we conducted a field experiment to study whether high-income donors respond to nonpersonal solicitations. We also designed the experiment to test the impact…
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Lilly Endowment awards $93 million to address poverty in Indianapolis
Awarded through the Enhancing Opportunity in Indianapolis initiative, grants ranging from $180,000 to more than $8 million will enable organizations to implement new or expand existing strategies, programs, and services focused on helping residents of Indianapolis meet their basic needs and build better lives for themselves and their families…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post…
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PepsiCo launches $40 million community college program
With the goal of assisting four thousand African-American and Latinx students over five years, the program will provide financial support as well as mentoring and leadership training from PepsiCo employees, and will give students the opportunity to apply for internships and jobs at the company…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Lennar Foundation commits $50 million to City of Hope Orange County
The gift will support the ongoing development of a $1 billion, 190,000-square-foot comprehensive cancer campus in Irvine, California…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Rethinking What Constitutes Impact
The post Rethinking What Constitutes Impact appeared first on The Center for Effective Philanthropy. Goto full post >>
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Pressure, Cost Accounting, and Resource Allocations: Experimental Evidence on Nonprofit Financial Decision-Making
Nonprofit and Voluntary Sector Quarterly, Ahead of Print. Nonprofit organizations are under pressure to contain their overhead costs. This pressure can affect spending behavior and create an impulse to manipulate financial reporting data. Drawing on stakeholder theory, this study develops a comprehensive framework of ratio management pressure and examines the extent to which external and…
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Open Society invests $6 million for global access to biologics
Awarded through the Soros Economic Development Fund, the investment in Univercells, a Belgian biotech company, will support efforts to remove manufacturing bottlenecks in the production of COVID-19 vaccines and help develop distributed manufacturing capacity in middle-income countries globally…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Gilberts, Rocket Community Fund commit $500 million to Detroit
The family foundation of Quicken Loans founder and Rocket Companies chair Dan Gilbert and his wife, Jennifer, has pledged $350 million to the effort, while the companies’ philanthropic arm will contribute $150 million in support of neighborhood revitalization and economic opportunity…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Otto Bremer Trust awards grants, PRIs totaling $11.4 million
Funding was awarded to nearly two hundred organizations across Minnesota, North Dakota, Montana, and Wisconsin…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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PepsiCo awards $5.4 million for clean water access in Latin America
PepsiCo will invest $3 million over three years in Agua Para el Planeta, a program it operates in collaboration with the Nature Conservancy in Latin America, while the PepsiCo Foundation will invest $2.4 million in support of new drinking water access programs in the region…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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TCU and UNTHSC medical school receives anonymous gift
The gift will fund tuition for the 2021-22 academic year for the entire class of sixty students…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Gates Foundation awards $1.5 million in education grants
Awarded through Balance the Equation: A Grand Challenge for Algebra 1, the foundation’s first ever U.S. education Grand Challenge, the Phase 1 grants will support projects designed to transform Algebra I from a “gatekeeper” into a “gateway” to success…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>