February 2024
Articles and News
Segregation Helped Build Fortunes. What Does Philanthropy Owe Now?
“Understanding the historical roots of many foundation endowments is a critical step in considering the question of philanthropic reparations.” (Stanford Social Innovation Review)
“When someone says, “a diverse candidate,” who do they mean? If they’re in the US, they usually mean someone who isn’t a white man. Less frequently, they mean someone who isn’t heterosexual or cisgender. And they may sometimes mean someone who isn’t abled. This use of the word diverse is problematic.” (Stanford Social Innovation Review)
Foundation Assets Reach a Record $1.5 Trillion, Propelled by Investment Gains and Big Donors
“This new grantmaking record arrives amid a two-decade climb in foundations’ share of the philanthropic pie. Accounting for just 5% of total U.S. giving in 1982, foundations were responsible for 21% of it in 2022, or $1 out of every $5 given to charity, according to Giving USA’s 2023 report.” (Inside Philanthropy)
Georgia Arts Day returns with funding push
Nationally, Georgia ranks last in per-capita arts funding — only 14 cents per person.. The specific funding requested from Georgians for the Arts is to bring the 14 percent per capita spending up by 36 percent, which brings the total statewide investment to $2.13 million. (Saporta Report)
Studies and Resources
Both/And is an organization of anti-oppression practitioners working to facilitate relationships, learning, and action that move towards collective liberation. Check out their website for a wealth of original on the nonprofit sector and more.
More than Grant Writers is an unaffiliated group of individuals and organizations who wish to exercise our power as grant professionals to enact systems change. Join them virtually each month for a conversation about leveraging our power, expertise, knowledge, passion, and experience for collective good.
For Funders
“More Than Just a Check.” This Funder Couples Cash and Professional Support to Help Artists Thrive
Each awardee has access to “a giant Rolodex” of industry professionals, peer mentors, cultural producers, financial planners, tax accountants, lawyers and communications experts, Kuan said. “We help to identify the right expert and we also pay for those services — the wraparound support is comprehensive, deep and long term.” (Inside Philanthropy)
How Kataly Foundation is divesting from Wall Street to reinvest in communities
Lynn Hoey, Chief Investment Officer of Kataly Foundation (a Purpose Possible client!), writes about their journey to fully divest from Wall Street. (Impact Alpha)
