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Subject: $10 Billion Bezos Earth Fund’s New CEO Expected to Provide Strategy and Transparency
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EnvironmentAndrew Steer, who leads the environmental think tank World Resources Institute, says the Bezos fund plans to give all its money away in a decade.
Diversifying FundraisingMany big-gift fundraisers still overlook donors from a variety of demographic groups, even though about 14 percent of U.S. millionaires are from minority groups. That number will likely grow.
OpinionSystemic social and economic change is not and should not be the primary focus of philanthropic support. Expanding the reach of our nation’s great charitable institutions and supporting local causes is still the best way to help people achieve the American Dream.
Grants RoundupAlso, Bloomberg Philanthropies has given $25 million to endow a fellowship program at New York University’s Robert F. Wagner School of Public Service, and the Citi Foundation will make $25 million in grants to charities that work directly with small businesses owned by people of color.
Nonprofit News From Elsewhere
Goldman Sachs says it will invest $10 billion and donate another $100 million over the next decade toward improving the lives of black women. The effort, called One Million Black Women, came about in collaboration with black-women-led organizations and will focus on housing, health care, education, jobs and careers, digital connectivity, access to capital, and financial health. Goldman also will partner with Hope Enterprise Corporation, mayors, and historically black colleges and universities to distribute and lend money to organizations in the South. (Reuters)
As more families face hunger during the pandemic, the Agriculture Department is moving to make free meals available to all schoolchildren through the summer. Officials are extending a waiver to the school-meal program that allows food to be distributed outside of group settings at specific times of the day. An estimated 12 million young people in the United States are facing food insecurity, and the new rules have allowed parents to pick up a few days’ worth of meals at a time. The waiver would have expired in June but now will last through September. Officials have not fronted more money for the program, though, and one network of the country’s 16 largest school districts said its members lost $130.8 million in the last fiscal year. (Washington Post)
Large coronavirus vaccination centers across the country need thousands of volunteers each week, and people are flocking to sign up in hopes of getting inoculated themselves. Public health experts say giving volunteers a chance to get vaccinated is different from offering affluent donors early vaccines, which some health systems have done. The volunteers “are performing a crucial role” and need protection, one bioethicist said. (Associated Press)
News About Giving
- Phil Knight’s U. of Oregon Donations Approach $1 Billion With New Hayward Field Project (Oregonian)
- Universal Basic Income Pilot Included in Annual Gift From Northwestern U. to Evanston, Ill. (Patch)
- Twitter CEO Auctioning Off the First Tweet, With Proceeds Going to Charity (Business Insider)
- How LeBron James Uses His Influence to Improve Community Development (New York Times)
- How an Amy Siskind Tweet Helped Save a Houston Nonprofit (Westchester Journal News)
- Aspen Santa Fe Ballet Dissolves After 25 Years (Aspen Daily News)
- Golden Globes Fallout: HFPA Leadership Hires Diversity Consultant, Outside Law Firm (Los Angeles Times)
Grant MakingPhilanthropy’s response to Covid-19 in 2020 — $20.2 billion, according to preliminary estimates released Wednesday — eclipsed giving to any other natural disasters in recent memory, and many grant makers dropped a wide range of restrictions they typically impose on their grantees.
OpinionProviding no-strings-attached funding to neighborhood businesses will save jobs, bolster the local economy, and offer hope to struggling entrepreneurs. Now we need more grant makers to take on this task.
Health and SafetyInternational aid groups, social service organizations, advocacy nonprofits and others are all doing what they can to ensure vaccines get to people of color, the homeless, and other people in need.
OpinionAs investment companies like Alden Global Capital continue to decimate newsrooms, philanthropic and civic leaders should come together to provide the consistent resources they need to survive and thrive.