Member news plus local and national philanthropic reporting

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  • October 25, 2018 2:04 PM | Kurt Foreman

    Delmarva Power received the 2018 Angel Award from Beautiful Gate Outreach Center based in Wilmington.

    The award recognizes Delmarva Power’s 15-year partnership with the organization. During this time, Delmarva Power has provided more than $25,000 in support of the Beautiful Gate Outreach Center’s work toward HIV/AIDS prevention and education.

    Delmarva Power’s Community Outreach Team also provides educational and resource assistance to the center through energy assistance presentations, information on theLow Income Energy Assistanc Program and related services.

    In 2017, Delmarva Power contributed more than $1.3 million to local nonprofits, while its employees volunteered 11,300 hours to help hundreds of organizations throughout Delaware and Maryland.

    The Beautiful Gate Outreach Center works to eliminate the spread of HIV/AIDS and assist in the continuous care of those infected with and affected by the disease throughout Delaware.

  • October 25, 2018 10:52 AM | Kurt Foreman

    Here's something to feel good about: Total charitable giving in the United States reached record levels in 2017, with an estimated $410 billion donated to various causes by groups and individuals, according to Charity Navigator.

    Of that total, 5% — or nearly $21 billion — came from corporations, up 8% from the previous year. 

    Read more here.

  • October 25, 2018 10:48 AM | Kurt Foreman

    Yesterday, the 40-year-old Edna McConnell Clark Foundation (EMCF) issued an update to its sunsetting plan, declaring that it was entering its final stage of life. But is there a philanthropic life beyond to be lived out?

    As foundation chair Larry Clark and president and CEO Nancy Roob write, “Our mission is best accomplished by putting all of our capital behind the best of what works, right now. As we enter this final stage of EMCF’s work, we know we are contributing to something much more meaningful than a namesake: a future in which every child has the opportunity to achieve his or her full potential.”

    EMCF has not just been spending its own money; instead, it has spent the past five years helping to attract other money to a new, collaboratively managed pool—Blue Meridian Partners (current asset base $1.7 billion and that is not endowment). This entity, which has been incubated and informed by the foundation’s model of growth capital investment, is being incorporated as a standalone 501c3.

    Read more here.

  • October 25, 2018 10:40 AM | Kurt Foreman

    Wells Fargo & Company announced that it will commit more than $1.6 billion in lending and philanthropy over five years focused entirely on Washington, D.C. 

    In an effort to unlock more economic opportunity across the city, Wells Fargo, in collaboration with the National Community Reinvestment Coalition (NCRC) and local organizations, created the Where We Live™ program, which focuses on economic opportunity for residents and small businesses, prioritizing Wards 7 and 8.

    Read more here.

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