NewsMember news plus local and national philanthropic reporting
The Benjamin Potter Charity Trust, a fund administered by the CenDel and Delaware Community Foundations, was named a 2019 Shining Light Award Winner by the Delaware Breast Cancer Coalition.
During the past several years, the DBCC has received tens of thousands of dollars in funding from the Potter Trust. The CenDel and Delaware Community Foundations were honored by the DBCC at an event June 6 in Wilmington.
The DBCC has used the funding from the Potter Trust to provide emergency funding and support to Delawareans undergoing treatment for breast cancer, helping them pay for housing, utilities, child care, transportation and medical expenses.
The Potter Trust, established by Colonel Benjamin Potter in 1843, has helped the economically underprivileged in Kent County for 175 years. A committee reviews applications and awards grants annually.
The CenDel Foundation, in partnership with the Delaware Community Foundation, is committed to helping people transform the community through charitable giving. Since 2008, the foundation has distributed more than $2.5 million in grants and funding to various organizations in central Delaware, improving the lives of those living in Kent County. For more, call 724-7538 or visit cendelfoundation.org.
Click here to read full article from Smyrna-Clayton Sun-Times.
After the recent Notre Dame tragedy, when its famed spire collapsed to ash, philanthropists around the world quickly pledged almost a billion dollars to help rebuild and restore the historic structure. While many cheered these donations, some responded to these voluntarily given gifts with criticisms of charitable giving itself.
Opponents of charitable tax incentives wrongly argue that such giving is an exercise in power by the wealthy that starves the state of tax dollars and that the government should dispense among projects and causes it deems worthy.
But should the government alone decide which charities should be supported? The federal government already funds programs that large numbers of taxpayers believe to be wasteful. Above all, the reasons and motivations behind why people choose to give are as varied as the vast number of causes out there.
Click here to read full article from Forbes Nonprofit Council.
The Shubert Foundation has awarded a record total of $32 million to 556 not-for-profit performing arts organizations across the United States. This marks the 37th consecutive year that the Foundation has increased its giving.
"This year we are delighted to be offering support to 556 performing arts organizations all around the country," stated Shubert Foundation President, Michael I. Sovern. " Our longstanding practice of providing help in the form of general operating support remains unchanged. We are convinced that talented artists and administrators are best able to decide how to use the funds we grant."
Click here to see full list of grant recipients.
Click here to read full press release from the Shubert Foundation.
The 2017 federal tax overhaul could cut the number of households donating to charity by 2.6 million per year and reduce charitable giving by up to $19.1 billion per year through 2025, according to a new report.
The study was commissioned by Independent Sector, a group that advocates on behalf of nonprofits, and was conducted by the Lilly Family School of Philanthropy, at Indiana University.
Click here for the full report
If local filmmaker TJ Healy has his way, Netflix viewers might one day scroll past an ILC Dover documentary that catalogs the local latex firm’s contribution to the Apollo 11 moon landing.
Kent County Levy Court commissioners voted unanimously at their Tuesday business meeting to contribute $25,000 to the project in two stages. The initial disbursement of $10,000 will go toward the creation of a “Documentary Project Pitch Piece Short Film.” A second disbursement of $15,000 will be released upon the successful completion and public viewing of the pitch piece.
Click here for full article from Delaware State News.
As part of the three-year, $300 million Google News Initiative, Google has announced the launch of a grant program in support of local news projects in North America.
Click here to read full press release from Google, May 28, 2019.
Click here to read article from Philanthropy News Digest, June 2, 2019.
Delaware could see a boost in funding for high-needs schools in this year’s state budget. On Monday, Gov. John Carney proposed an additional $15 million in spending on mental health and reading supports for high-needs schools.
The supplement brings the governor’s proposed Opportunity Funding initiative to a total of $75 million over the course of three years. The other $60 million, proposed in January, would give schools additional funding for each low-income and English learner student.
Click here to read full article from the News Journal, Delaware Online.
Wells Fargo today announced an evolution of its philanthropic strategy to help address three critical issues affecting underserved communities: housing affordability, financial health and small business growth.
The Company, through its business and the Wells Fargo Foundation, will use its resources and expertise to develop new ideas and implement solutions in communities of need in collaboration with public- and private-sector organizations. In particular, Wells Fargo will commit $1 billion in philanthropy alone through 2025 to address the U.S. housing affordability crisis, including homelessness, available and affordable rentals, transitional housing and home ownership.
“Wells Fargo is focused on creating a path to stability and financial success for individuals and families that lack access to affordable housing, tools to manage financial health and capital for small business growth,” said Allen Parker, interim CEO and president of Wells Fargo. “Together, we can help spark systemic change and economic development for underserved communities. When people start businesses, build wealth and are able to afford homes in their neighborhood, communities thrive.”
Last year, Wells Fargo donated a total of $444 million to more than 11,000 nonprofits to help address economic and social needs in underserved communities. Beginning in 2019, Wells Fargo is targeting 2% of its after-tax profits for corporate philanthropy, concentrating on housing affordability, small business growth and financial health. The Company also will allocate funding for particular community needs at the local level, such as education, disaster relief and the arts.
Click here for full press release from Wells Fargo.
The University of Delaware just got one step closer in its pioneering research to help prevent and treat some of the most prevalent and debilitating diseases that affect human health — including Alzheimer's, Parkinson's, diabetes and cancer.
Unidel Foundation, Inc. has granted $3 million, and will grant up to $12 million additional, in support of the Ammon Pinizzotto Biopharmaceutical Innovation Center, which is under construction at the Science, Technology and Advanced Research (STAR) Campus. To help motivate others to support the project, the University will use this gift to establish a challenge to other prospective donors.
Read the Full Article on Udaily
Sussex Montessori, which received an $850,000 grant from the Longwood Foundation, is seeking USDA long-term financing and short-term financing from banks backed by the USDA loan.
The Sussex Montessori board is looking to secure about $6.5 million to open the school, most hopefully covered through fundraising.
Click here to read full article from Delaware State News.
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