NewsMember news plus local and national philanthropic reporting
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.
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Across the United States, companies of all sizes increasingly recognize the importance of philanthropic community engagement. In 2017, those companies donated more than $20 billion to charitable causes.
Use the latest charitable giving data to transform your organization’s strategy. Tracking over $31 billion in U.S.-based charitable giving from the Blackbaud Index, the 2018 Charitable Giving Report is one of the most credible resources on fundraising performance in the social good community.
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This open access book describes the differences in US census coverage, also referred to as “differential undercount”, by showing which groups have the highest net undercounts and which groups have the greatest undercount differentials, and discusses why such undercounts occur.
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March 18, 2019 by PolicyMap Team
Cities are full of institutions and resources, governmental and private, that serve communities. Schools, hospitals, grocery stores, libraries, job training centers, swimming pools, housing projects, and transit centers, just to name a few. By knowing where these assets are, governments can identify underserved neighborhoods, and encourage development where appropriate resources exist.
Of course, cities have most of the information they need to site projects already. But different departments often work in their own silos, duplicating work and not taking advantage of ways they can work together. There’s tremendous value in having a single resource where anyone from any department can look up this sort of information.
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These businesses are using philanthropy to not only "do the right thing" but also to enhance the engagement of investors, employees and customers – all of which accrue to the bottom line.
Companies are achieving deeper impact by making fewer (but larger) grants to fewer (but more carefully selected) recipients — rejecting the "peanut butter" approach of spreading resources wide and thin.
Also, they are allocating the largest share of resources to strategic and signature programs. Education continues to be the best-funded program area. Disaster-relief is the program area with the largest increases.
Read more from the Denver Post's piece here.
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.
“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.
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