NewsMember news plus local and national philanthropic reporting
Firm to invest in creating more economic opportunity for black Detroiters through job training, small business and home ownership.
JPMorgan Chase & Co. today announced that it will expand the firm’s investment in Detroit’s economic recovery, committing to reach $200 million by the end of 2022. The announcement comes as the firm exceeded its initial five-year, $150 million commitment.
The new data-driven investment builds on the initial progress that helped boost the city’s recovery through the creation of sustainable loan programs for small businesses like the Entrepreneurs of Color Fund and increased access to affordable housing and job training, and targets the gaps in the city’s economic recovery.
Click here to read full press release from JP Morgan Chase.
Instead of simply giving away money, the team is granting funds to specific projects at Philly institutions — acting almost like a mini National Institutes of Health.
The way a standard sports philanthropy partnership works is something like this: A team raises money for an important cause, selects a partner organization, and writes a fat check. The two groups share a photo op, and everyone goes home happy.
But the Eagles are trying something different with their philanthropy efforts to fund autism research. Instead of selecting a research institution and letting it figure out how best to allocate the money, the team is taking a more active approach and picking the specific research projects to receive funding.
The effect is to turn the team into a grant funder, sort of like a miniature National Institutes of Health. The shift, according to Eagles Autism Challenge executive director Ryan Hammond, is grounded in the “idea of not being transactional, and not just putting our money out there and hoping for the best.”
Autism affects one in 59 people under the age of 21 and is increasing in prevalence across the U.S. That increase may have more to do with broadening diagnostic criteria and heightened awareness more than anything else, but the disorder remains poorly understood by researchers. It was an obvious target for the Eagles — owner Jeffrey Lurie’s brother is on the autism spectrum.
“This venture I see as kind of a melding of Jeffrey’s private life and his public life,” Phillies owner John Middleton said of Lurie’s autism fundraising in a 2017 Philly Mag profile of him.
Click here to read full article from Philadelphia Magazine.
Philanthropy Delaware's President and CEO, Cynthia Pritchard, speaks as a guest on Neva's Potatoes Podcast.
The Big Fish Charitable Foundation is a fundraising 501(c)(3) nonprofit organization that drives, manages, and facilitates all of the charitable and philanthropic activity the Big Fish Restaurant Group and each of its restaurants and businesses engage in. The Big Fish Restaurant Group currently consists of 23 restaurants and businesses located in Rehoboth Beach, Ocean View, Wilmington, Delaware, and Baltimore, Maryland.
Neva's Potatoes is a Big Fish Culture & Community podcast is a part of the Big Fish Charitable Foundation that works to build richer relationships within the Big Fish community and throughout our community at-large, one conversation at a time.
Listen to podcast on on Audioboom.
Click here to learn more about Neva's Potatoes.
The House Ways and Means Committee passed legislation Thursday that would repeal a tax on nonprofits’ transportation benefits, clearing the way for a floor vote on a provision in the 2017 tax overhaul that is reviled by many nonprofits.
Often called the "parking tax," the provision changed how the unrelated business income tax was applied to nonprofits, resulting in a new 21 percent levy on parking and transportation benefits offered to employees of charities and churches.
Eliminating the provision was a key priority of many nonprofit advocacy groups, including the Council on Foundations, Independent Sector, the National Council of Nonprofits, and the United Philanthropy Forum.
Congressional Committee Passes Repeal of Nonprofit _Parking Tax’ - The Chronicle of Philanthropy.pdf
Wilmington Leaders Alliance members and their organizations are consistently engaged through internal and external initiatives that foster leadership skills amongst rising leaders across the city. This is truly a one Wilmington initiative.
Individuals, teams, and public and private sector organizations need leadership and workforce development support expertise to accelerate performance, lead change and capitalize on diverse and generational differences to solve today’s problems and prepare leaders for tomorrow’s challenges.
Leading Through Philanthropy
“Philanthropy Delaware strives to advance philanthropy in the first state. The organization works to connect key stakeholders to drive meaningful impact for all Delawareans. Similar to WLA’s collective impact framework, Philanthropy Delaware is a collaboration of multiple agencies statewide.
When asked what Philanthropy Delaware envisions Wilmington will look like in 10 years, Executive Director Cynthia Pritchard responded, “A robust city that serves its residents and includes key elements such as integrated systems, multi-agency collaboration, situational awareness and change management/capacity building.”
Philanthropy Delaware is encouraging environmental change in the state of Delaware , and Wilmington, by leveraging its national resources to design and research best practices in the industry. “As philanthropy has been and will continue to be a key contributor in the City of Wilmington, we can support through the collective voice of our members who are invested in the success of Wilmington”.
Click here to read full article from the Wilmington Leaders Alliance.
Amid a complex climate for charitable giving, American individuals, bequests, foundations and corporations gave an estimated $427.71 billion to U.S. charities in 2018, according to Giving USA 2019: The Annual Report on Philanthropy for the Year 2018.
Total charitable giving rose 0.7% measured in current dollars over the revised total of $424.74 billion contributed in 2017. Adjusted for inflation, total giving declined 1.7%. (Please see below for a more detailed breakdown of the numbers for each philanthropic source and sector.)
Giving USA, the longest-running and most comprehensive report of its kind in America, is published by Giving USA Foundation, a public service initiative of The Giving Institute. It is researched and written by the Indiana University Lilly Family School of Philanthropy at IUPUI.
Click here to see additional philanthropic data.
Click here to read full report. (Member log-in required)
Beebe Healthcare held a groundbreaking ceremony at the future home of its Specialty Surgical Hospital at the Rehoboth Health Campus on Wednesday, May 15. The $124 million, four-story, state-of-the-art surgery center will allow patients with scheduled surgeries to not compete for services with more acutely sick patients and emergency patients of a general acute-care hospital.
Click here to read full press release from Beebe Healthcare.
Second Chances Farm, LLC has entered into a Letter of Intent to purchase a 50,000-square-foot warehouse at 3030 Bowers St. in Northeast Wilmington and plans to open its first vertical farm by this fall if everything falls into place.
Vertical farming is an industry that can work to supplement traditional agriculture by using a controlled environment to grow food locally while saving space and water, and reducing the carbon footprint of transporting food long distance.
The goal is to help state or federal inmates from Delaware obtain jobs – and futures as entrepreneurs – after they’re released, and to reduce the high rates of recidivism in a city where, on average, about 100 men and women are released from Delaware prisons every month to three Wilmington ZIP codes (19801, 19802, and 19805),” founder Ajit George told the Delaware Business Times in February.
George plans to raise $2.5 million to fund the purchase of the former Opportunity Center building that borders the Riverside neighborhood and set up the first 10,000-square-foot farm. The Opportunity Center, owned by ServiceSource Delaware, provided workshops for disabled people at the location before relocating earlier this year to New Castle.
Click here to read full article from the Delaware Business Times.
Sussex County Council voted to not raise taxes in next year’s budget, but will use some reserve funds to increase spending.
Council unanimously approved a nearly $186 million budget for fiscal year 2020 Tuesday. That’s up about $8 million from last year.
Property tax rates, building permit fees, and wastewater service rates will remain the same. But some fees will increase slightly. They include fees for Register of Wills and private road plan review and inspection - as well as sewer assessment rates in some beach areas
The budget sets aside $1 million for a new public safety complex and adds funding for state troopers and local law enforcement. The county is also spending an extra $1 million on farmland preservation and $2 million on expanding broadband service.
$35 million is being allocated for various sewer improvements and expansion projects.
“The public depends on this budget to meet their everyday needs, whether they know it or not. It pays for police, paramedics, 911 operators, wastewater technicians, and other public servants who work to ensure the public’s health and safety every day,” said Council President Michael Vincent in a statement. “I’m proud that, through a lot of hard work from many people, including our financial team, the County is able to honor that responsibility in an efficient and cost-effective way.”
Fiscal year 2020 begins July 1st.
Click here to read more on Delaware Public Media.
The Delaware Department of Labor has launched a pilot program to offer career and other labor assistance at libraries in all three counties.
The Delaware Division of Libraries and Delaware Department of Labor (DOL) rolled out the partnership in February 2019 to reach more residents who may be in need of services but can’t travel to agency locations.
“This partnership enables libraries to leverage Department of Labor expertise in assisting library patrons with meeting their needs,” said Secretary of State Jeffrey Bullock. “Our libraries have evolved into force-multipliers for community outreach, and adding Department of Labor to the compliment of resources available through our libraries is a perfect fit.”
The current schedule and locations of Employment and Training Staff at the following libraries:
The most up-to-date schedule and locations are available at: https://lib.de.us/jobassistance/
Click here to read full article from Delaware Business Times.
Copyright Philanthropy Delaware, Inc. 2017Philanthropy Delaware, Inc. is a 501(c)3 nonprofit organization
Office: (302) firstname.lastname@example.org
Address:100 W. 10th Street, Suite 500Wilmington, DE 19801