On the Fourth of July, our nation comes together to celebrate the freedoms we enjoy, freedoms our service members, veterans and their families have made possible through their sacrifices.
Impact Investing is a hot topic for foundations, philanthropists and investors alike. And rightfully so. The ability to do good by offering financial support with capital that can be recycled over and over for multiple initiatives and missions is an attractive compliment to traditional grantmaking and other support. Creating the ability to greatly extend community impact, it is no wonder that organizations and individuals are responding to this funding mechanism.
Well, the phrase “Culture of Health” can mean different things to different people. But in general, it means recognizing that health is an essential part of everything we do… And that every [BOG1]person deserves the chance to achieve well-being.
In 2014, the Cleveland Foundation became the first community foundation in the world to turn 100 years old. After Frederick H. Goff founded Cleveland’s community foundation in 1914, the idea quickly took off across the United States and today there are an estimated 1,800 community foundations worldwide. This year, six more community foundations are celebrating their centennials with exciting investments in their communities.
For many community foundations, Giving Days have been a great way to cultivate donors for their community’s nonprofits, while raising millions for local causes. Several funders have gained so much expertise in this area, that they have shared their own tools and templates for the broader field in Knight Foundation’s Giving Day Playbook, an online, soup-to-nuts guide to putting on one of these online giving campaigns.
Interning at the Council on Foundations is giving us a great look at a cross-section of the philanthropic field. The Council’s members, after all, come in all shapes and sizes – large, small, corporate, community foundations, and everything in between. As much as we research them, as much as we hear their names thrown around, the opportunity to actually visit and connect with a member really brought our work into context.
On July 26th, we mark the 25th anniversary of the Americans with Disabilities Act of 1990 (ADA25), which prohibits discrimination and ensures equal opportunity for persons with disabilities in employment, government services, public accommodations, commercial facilities, and transportation. The impact of the ADA on grant-funded projects in healthcare, education and housing has been significant, as the 57 million Americans with disabilities comprise the nation’s largest minority. Almost 29 million are working age adults who are being served by foundation-funded community programs aimed at economic development and employment.
Over the last two years, the Council has been actively engaging with the intergovernmental Financial Action Task Force (FATF) as they have taken steps that could shift the global regulatory environment for cross-border philanthropy. Recently, there have been three important developments in the Council's work with FATF.
Girls and young women of color have made important gains in education, health and economic security in recent years. There is cause to celebrate increased graduation rates, higher participation in post-secondary education, reduced rates of teenage pregnancy, and even lower rates of unemployment. However, philanthropy must not assume that their progress means society has effectively addressed the persistent and pervasive nature of the challenges faced by women and girls of color.
According to published reports there are some 80,000 foundations in the United States. They collectively expend more than $50 billion each year for charitable purposes. The IRS expects foundation managers to be conversant with the statutes and regulations as they discharge their governance and fiduciary obligations. However, the rules are exceedingly complex, resulting in an unrealistic expectation that all too often is not met.