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Member news plus local and national philanthropic reporting

  • February 06, 2019 10:14 AM | Philanthropy Delaware (Administrator)

    WSFS is a member of Philanthropy Delaware  

    WSFS Bank formally donated its former Wyoming banking office to the people and Town of Wyoming, DE, in a key handing ceremony that was attended by Wyoming Mayor Frankie Dale Rife, members of the Town Council and the community, and WSFS’ local leadership team.  This is WSFS’ second property donation in recent years to benefit the local community.  In 2015, WSFS was proud to donate a property and house to the Central Delaware Habitat for Humanity, which was renovated in 2018 with the help of the local community and WSFS volunteers and an $8,000 donation from WSFS Bank. “As a local community bank with deep ties to Wyoming and WSFS Associates that were born and raised in this wonderful Town, we knew that the only future of this property was to donate it to benefit the local community.”

    Read more here.  

     

     

  • February 06, 2019 9:57 AM | Philanthropy Delaware (Administrator)

    The Jessie Ball duPont Fund is a member of Philanthropy Delaware. 

    Foundation Center, the leading source for insight on philanthropy worldwide, and GuideStar, the leading source of information on nonprofit organizations, today announced they have joined forces to become a new nonprofit entity named Candid. Candid will be governed by a board composed of the current trustees of Foundation Center and GuideStar. Leading the board will be co-chairs Clotilde Perez-Bode Dedecker, who has served as the chair of Foundation Center and serves as president & CEO of the Community Foundation for Greater Buffalo, and Mari Kuraishi, who served as chair of GuideStar and is the new president of the Jessie Ball duPont Fund. Prior to joining the Fund, Kuraishi was the co-founder and president of GlobalGiving.

    Read more here.

     

  • February 05, 2019 3:47 PM | Philanthropy Delaware (Administrator)

    WSFS is a member of Philanthropy Delaware 

    The WSFS Foundation, the philanthropic arm of WSFS Financial Corporation (Nasdaq: WSFS) and its primary subsidiary, WSFS Bank, has awarded a total of $425,000 to three community programs and organizations that are achieving academic, economic and positive life outcomes for youth in Wilmington, Del. 

    Vernita Dorsey, WSFS’ Senior Vice President and Director of Community Strategy, and Theresa Hasson, Vice President and WSFS’ Director of Community Reinvestment, joined nonprofit community partners from The Teen Warehouse, the Delaware Restaurant Association Educational Foundation and Year Up Wilmington at WSFS Bank’s headquarters in Wilmington where the WSFS Foundation grants were presented.

    Read more here, and see the photos below. 

     

     

  • January 31, 2019 5:34 PM | Philanthropy Delaware (Administrator)

    WSFS is a member of Philanthropy Delaware. 

    On Jan. 1, WSFS Chairman, President and CEO Mark A. Turner turned over the reins to Rodger Levenson and became executive chairman of the company’s board of directors (with Lead Independent Director Eleuthère I. du Pont).

    Turner, a lifelong resident of the Delaware Valley with a bachelor’s degree from LaSalle University and an MBA from The Wharton School, was appointed president and CEO of WSFS in April 2007 and served as in management for more than 22 years, including two decades as a member of the executive leadership team. During that time, WSFS Customers repeatedly selected WSFS as the “best bank” and a “top bank” in Delaware and Southeastern Pennsylvania.

    Since the months just after the 2008 financial crisis, when the company recorded a cycle-low market valuation of approximately $100 million, WSFS’ market capitalization has increased to more than $1.7 billion — representing a total shareholder return of more than 900 percent. He took some time recently to reflect on his career for Delaware Business Times.

    Read more here.

  • January 25, 2019 2:12 PM | Philanthropy Delaware (Administrator)

    It's no secret that charitable giving by ordinary Americans has been declining lately, with troubling implications for nonprofits that have become increasingly reliant on an ever-wealthier set of donors. The economy’s recent strength may have muffled the 2017 tax law’s predicted negative effect on charitablegiving, but it’s uncertain how long that luck will hold. Meanwhile, as we’ve discussed many times, increases in total giving are largely the work of America’s wealthiest, who could still stand to give a lot more than they do.

    In this climate, how can comfortably employed young people develop the giving habits that’ll sustain flagging middle class philanthropy over the long term? If social impact is on millennials’ minds, why isn’t that translating into more actual giving?

    Read more here

  • January 25, 2019 10:20 AM | Philanthropy Delaware (Administrator)

    Delaware State University is a member of Philanthropy Delaware. 

    The Delaware Higher Education Economic Development Fund (DHEEDF) has announced a $3.4 million grant to Delaware State University to significantly expand its Aviation Program, the only one of its kind among Historically Black Colleges and Universities, and among the very best aviation education programs in the nation.

    “This is an extraordinary vote of confidence in the quality and significance of our program and in its importance to Delaware, and to the aviation industry nationwide,” University President Wilma Mishoe said. “This grant allows us to move forward with plans to first replace our current aircraft fleet, and then double it over the next decade. We expect that it will also help us both attract and train more professionals to our community and contribute significantly to the tax base in Delaware.”

    Dr. Mishoe noted that Delaware State University’s Aviation Program not only boasts 100% career placement of pilot graduates within a year of graduation but is also “the largest producer of pilots and Aviation professionals of color in the country.”

    Read more here

  • January 25, 2019 10:10 AM | Philanthropy Delaware (Administrator)

    Wells Fargo and Delaware Community Foundation are members of Philanthropy Delaware.

    A formal ceremony and ribbon cutting was held in the gymnasium at the H. Fletcher Brown Boys & Girls Club to celebrate the new space.

    Thanks to $100,000 in donations from corporate funding partners Delaware Community Foundation, Lowe's with their Renovation Across the Nation initiative, Pepsi and Wells Fargo, the center has not only turned an under-used space into a studio for members to learn valuable production skills and help broadcast their talents, but also added a conference room adjacent that will help bring more meetings and programs into the center.

    Read more here

     

  • January 24, 2019 11:58 AM | Philanthropy Delaware (Administrator)

    Delaware State University is a member of  Philanthropy Delaware.

    Tony Allen is chairman of the Wilmington Education Improvement Commission, a gubernatorial appointment he took in 2014. He is stepping down from this post at the end of the month as he continues in his role as executive vice president and provost at Delaware State University.

    Just over a decade ago, during the 2008 presidential campaign, former first lady and founder of Public Allies Chicago Michelle Obama visited Delaware State University, stumping for her husband. That day, surrounded by hundreds of students and faculty, she said, “Fixing education shouldn’t be that tough. We know good schools, the schools that educate all their students, when we see them. So what we have to do is figure out how to replicate what those schools do across the entire country.”

    After four years chairing the Wilmington Education Improvement Commission, I now understand that the former first lady was actually issuing a complex challenge.

    We do know what high-functioning schools in high-needs areas look like. But it’s not just about replicating schools. The real issue is how to address the structural conditions that prevent us from meeting the needs of the poorest and most vulnerable children.

    Read more here

     

     

     

     

     

  • January 23, 2019 11:17 AM | Philanthropy Delaware (Administrator)

    Delaware Community Foundation and the Fund for Women are members of Philanthropy Delaware. 

    Stuart Comstock-Gay, president and CEO of the Delaware Community Foundation; and Lynn Adams Kokjohn, chair of the Fund for Women write an opinion piece for Delaware Online.

    How can we really expand opportunity for kids in Delaware?  

    Plain and simple, invest in high-quality early childhood education, said Robert Putnam, author of New York Times bestseller “Our Kids.” Putnam has investigated decades of data on the factors that influence kids’ lives, in school and throughout their future.

    When Putnam visited Delaware this fall for a Delaware Community Foundation event, his presentation made clear that early learning is one of the best – and highest yielding – investments a society can make. Experts equate a $4 to $9 return for every dollar spent on high-quality early learning programs for low-income children. 

    And yet, in Delaware, only about 50 percent of children participate in any early care or education setting before kindergarten, according to the Annie E. Casey Foundation

    Read more here. 

     

  • January 22, 2019 12:01 PM | Christina Marconi (Administrator)

    While foundations and other grantmaking organizations may be constrained by grant processes and bureaucracies, individual donors have the agility to make a difference immediately, according to Shelley Whelpton, senior managing director at Arabella Advisors.

    Giving Compass provides a look at some recommended steps donors can take and organizations to support here.


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