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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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Donor-Advised Fund Spotlight Examines Use of Complex Assets to Fund DAF Philanthropy

NonProfit PRO

A new spotlight report from National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAF), details that on average, over the past five years, noncash assets accounted for more than half of total contributions to NPT DAFs.

Fund 235
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Salesforce Launches Catalyst Fund to Scale Inclusive Philanthropy

NonProfit PRO

Salesforce announced the launch of its Catalyst Fund, which will provide critical, unrestricted capital to nonprofits led by underrepresented leaders. The first round of grants, totaling $2 million, supports 20 nonprofits that are addressing inequities in education, economic opportunity, and racial justice.

Fund 202
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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. The MacArthur Foundation itself pledged $150 million to the new fund. We have a crisis in our country,” Im adds.

Local 99
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The Women’s Philanthropy Institute Announces Inaugural Give to Women and Girls Day

NonProfit PRO

The Women’s Philanthropy Institute is launching Give to Women and Girls Day, a national awareness campaign to increase funding for women’s and girls’ organizations that will culminate on Oct. 11, 2022.

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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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5 Corporate Philanthropy Roadblocks—and How to Solve Them

EveryAction

Corporate philanthropy encompasses mutually beneficial relationships between nonprofit organizations and for-profit businesses. However, most nonprofits continue to drastically underutilize available philanthropy opportunities, resulting in billions of corporate dollars being left on the table each year. Let’s begin!