NewsMember news plus local and national philanthropic reporting
The San Francisco Foundation announces a $50 million investment from its endowment in a new mission-aligned investments pool that aims to generate positive social and financial returns.
Traditional philanthropy, government, and capital markets must all work together to address today’s complex social challenges. As a civic leader, the San Francisco Foundation takes a holistic approach to advancing racial equity and economic inclusion in the Bay Area. Aside from grant funding, donor engagement, advocacy, and multi-sector partnerships, its diligent stewardship of the assets to which it is entrusted, along with strong performance, mean that the foundation can make an even greater impact on the Bay Area.
“The scope and complexity of the issues that we are trying to address in the Bay Area require us to use all of the tools in our tool belt,” says foundation CEO Fred Blackwell. “We see investing in a values-aligned manner as part of how we achieve our overall mission and we don’t think we have to sacrifice returns.”
Read more here.
Carol Larson is leaving after 15 years as president of the David and Lucile Packard Foundation and 30 years total at the $7.8 billion grant maker. She plans to step down after a successor is found.
During her tenure, the Packard Foundation became a leader in climate philanthropy. In 2009, with the Hewlett and McKnight foundations, Packard gave ClimateWorks, a separate organization they created, a $1 billion mission: work to cut greenhouse-gas emissions in half by 2030.
Following President Trump’s arrival in the White House, Larson became alarmed about the administration’s intention to bolt from the Paris Climate Accord and by its attempts to dismantle the Affordable Care Act. In response, Packard increased its grant-making budget by $22 million.
Read the full announcement here.
Delmarva Power is a member of Philanthropy Delaware.
As part of this year’s Low-Income Home Energy Assistance Program (LIHEAP) Action Day, Delmarva Power employees Cindy Ventresca, Enid Wallace Simms, and Mike Hoy spent two days in the nation’s capital advocating for policies that protect funding for the LIHEAP program.
It’s been another cold winter on the Delmarva Peninsula, which for some means it’s a struggle to manage energy bills. Energy assistance is still available in Delaware and Maryland to help pay for winter energy bills. LIHEAP provides up to $1,000 in grant support per customer, depending on a household’s income, size and type of fuel, with no pay back required.
"We spend a lot of our time reaching out to customers across our service area at a variety of community forums and through our work with community partner organizations,” said Mike Hoy, senior community relations specialist for Delmarva Power.
Read more here.
The MacArthur Foundation wants to call attention to the need for financing that doesn’t seek market-rate returns to help impact investing grow and achieve its potential. To that end, it has created the Catalytic Capital Consortium and committed $150 million in "patient financing."
As interest in impact investing — the idea that investments can also generate social or environmental benefits — has grown, there’s been a disproportionate focus on deals that promise market-rate financial returns, says Julia Stasch, president of the foundation. Those investments will not be enough to solve the tough problems the world faces, she says, which is why MacArthur is shining a spotlight on "catalytic capital."
"It is patient, risk-tolerant, concessionary, and flexible in ways that really are different from conventional investment," she says.
Read more of The Chronicle's article here.
January 21's National Day of Racial Healing (NDORH) offered people, organizations and communities across the United States opportunities to recognize the need for racial healing, and bring people together to take collective action for a more just and equitable world.
Racial healing is supported through:
• Respectful dialogue
• Recognition and affirmation of people and their experiences
• Connectedness to individual cultures, histories, and practices
• The sense of agency, nurtured through racial justice activism
Many people would like to talk about the impact of racism and [the need for racial healing] in our country, but don’t know where to start. Some worry that others won’t understand their points of view or what they say might be offensive to others.
This guide can help you begin to have a conversation, despite these very real challenges. Recognizing that talking about racism can be challenging; your goals should be to commit to creating a safe space for people to be authentic and vulnerable, and to pave the way for future conversations.
Read the guide here.
From the Delaware Business Times.
The average pay rate for all three Delaware counties is $19.50, according to the Bureau.
The hiring started in Fall 2018. The Bureau first recruited positions for “Address Canvassing,” the first major field operation of the 2020 Census. The majority of the jobs will be hired over the summer. Several thousand positions will be available throughout the country.
To be eligible for a 2020 Census job, you must:
More information and application forms are available here: https://2020census.gov/jobs/job-details.html
Highmark BCBS is a member of Philanthropy Delaware.
Highmark Health released a report this morning that says its impact on the Delaware economy has reached $135 million between direct in-area spending and such secondary spending as employee wages. In addition, the parent of Blue Cross Blue Shield Delaware says it supports just over 1,000 jobs in the state, including 592 direct employees.
“Success in Delaware is about partnering with others to deliver new kinds of health care solutions and increasing our speed to market,” said Highmark Health President and CEO David Holmberg
The Delaware Community Foundation is a member of Philanthropy Delaware.
On February 26, The Delaware Community Foundation's Focus on Wilmington, in partnership with Social Contract, held an event for community leaders and local professionals to come together and share current projects in and around Wilmington, with hopes of networking and future collaboration. Whitney Wideman is a project associate with Social Contract and helped organize and run the event.
"This is a Focus on Wilmington event where we brought in a lot of the key players in the city and others who were interested to present to people about the initiatives that they have going on in the city," said Wideman. "We have a segment built into every one of these session where each person is going to see how their work aligns with the presenter's work--so it's really an opportunity for them to network and for them to begin to build on their own initiatives."
Read more about the event here.
Beebe is a member of Philanthropy Delaware.
Beebe Healthcare announced the appointment of three new members to its board of directors, Christian Hudson, Andrew Dahlke and Mouhanad Freih.
Beebe also thanked outgoing board members Tommy Cooper, James Marvel and Paul Mylander. Mylander was elected board member emeritus in recognition of his 15 years of service on the board. He is the fourth board member in Beebe’s history to be recognized with board member emeritus status.
Read more about Hudson, Dahlke, and Freih here.
The Delaware State Chamber of Commerce and The Partnership, Inc., an education-focused affiliate, have announced the 2019 Superstars in Education award winners. The annual award honors school programs that bring an innovative approach to education and learning.
The Superstars in Education Selection Committee considered nominations from public, private, magnet, charter and parochial schools from around the state. Winners will be recognized at a reception and awards ceremony.
Read about the winners here.
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