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Foundations step up funding to bolster trust in local news 

Candid

news organizations, specifically local news outlets, have been rapidly dwindling. The COVID-19 pandemic brought more challenges for the industry, as demand for local news grew but revenue and outlets shrank. MacArthur, and William and Flora Hewlett Foundations have recognized the importance of a vibrant local news ecosystem.

Local 52
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A $500 Million Pledge to Support Local News

Non Profit Quarterly

Image credit: Jon Tyson on Unsplash The decades-long decimation of local news—and the dangers that the trend poses for public oversight, an informed citizenry, and democracy itself—remains very much underway. Since 2005, some 2,200 local newspapers have closed, according to a press release by the MacArthur Foundation.

Local 102
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Prioritizing authentic connections through trust-based philanthropy 

Candid

At the Honnold Foundation, we had been working in partnership with grassroots organizations for some time before we learned that there was a term for the kind of grantmaking we do: trust-based philanthropy (TBP). With an open call, we eliminate the need to be part of the “in” crowd to receive funding.

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Philanthropy during COVID-19 in India

Candid

Candid and the Center for Disaster Philanthropy (CDP) released a new report, Philanthropy and COVID-19: Examining giving in 2021 , in May 2022 that details COVID-19-related philanthropic funding in 2021. During the pandemic, family philanthropy grew significantly , tripling in FY2020 compared to FY2019.

India 131
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5 things to know about philanthropy to HBCUs

Candid

Little has been known about how philanthropy has—or hasn’t—supported them, until now. Candid and ABFE partnered to create and publish Philanthropy and HBCUs: Foundation funding to historically Black colleges and universities. By comparison, funding to HBCUs averaged $61 million from 2015 through 2019.

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Latino Equity Fund Names Evelyn Barahona as First Director 

NonProfit PRO

The Latino Equity Fund (LEF), a unique partnership between local Latino leaders, The Boston Foundation (TBF), and Hispanics in Philanthropy, today announced that Evelyn Barahona will serve as the organization’s first director. Barahona will work alongside the LEF advisory committee to.

Director 133
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Meyer Foundation Announces Director and Inaugural Cohort of Partner Organizations for $20M Fund for Black-led Change Commitment

NonProfit PRO

The Meyer Foundation, one of the Washington area's largest and oldest locally focused philanthropies, announced Stephanie Sneed as director of its recently launched Fund for Black-led Change, effective June 1, as well as the inaugural cohort of organizations awarded resources through the Fund.

Director 165