In this week's Washington Snapshot:
Private foundations make grants based on charitable endowments. The endowment funds come from one or a small handful of sources -- an individual, a family or a corporation. Because of their endowments, they are focused primarily on grantmaking and generally do not raise funds or seek public financial support the way public charities (like community foundations) must.
Private independent foundations are distinct from private family or corporate foundations in that an independent foundation is not governed by the benefactor, the benefactor’s family or a corporation. Of the largest private foundations in the United States, most are independent foundations, although they may have begun as family foundations or were converted from corporate foundations. There is no official IRS or legal definition of independent foundations, so it is difficult to arrive at statistics that are fully representative of the field.
Below is everything on our site for independent foundations. You can use the filtering options on the right to narrow these results.
A tool to help private foundations determine when to use expenditure responsibility for grants to public charities.
On May 30, David Callahan, editor of Inside Philanthropy, published a short-sighted opinion piece on philanthropy in the New York Times. Given its reach, the Council believed that the piece warranted a strong and united response.
The 2015 Grantmakers Salary and Benefits Survey is now open. The survey collects information on benefits policies and practices, as well as compensation data for 35 positions at community, corporate, private, public, and operating foundations.
This week, American Bar Association (ABA) has selected the Council’s Senior Counsel and Vice President of Legal Affairs Suzanne Friday for its prestigious “Outstanding Nonprofit Lawyer Award” in recognition of “distinguished service by a nonprofit – in-house counsel.” This award is chosen by The Nonprofit Organizations Committee of the American Bar Association, Business Law Section, celebrating the work of accomplished and civic-minded nonprofit lawyers.
The Social Impact Exchange exists to build a growth capital marketplace that supports scaling high-impact nonprofits in the U.S. Funders with shared interests convene in working groups (currently active in health and education) to identify and vet highly effective nonprofit initiatives primed for scale using a thorough due diligence process. Nonprofits that clear the due diligence process receive 25-30% of their total capital raise from working group members; additional funding is then raised by “syndicating” these investments to a much broader market of regional and local foundations, fa
Amidst all the joyous celebrations of same-sex couples finally able to participate in the legal benefits of marriage; and amidst all the exciting, visible cultural offerings, like the Amazon series, Transparent; there is the continuing drumbeat of LGBTQ stories that have not gained a similar level of visibility.
This guide, published by Confluence Philanthropy, focuses on how a foundation can leverage its assets in service of its mission by investing cash locally through community-based financing. It reviews the different types of depositories, as well as the steps on how to get started carrying your cash, and also features two foundation case studies.
In 2009, Blue Shield of California Foundation learned of the increasingly high rates and devastating impacts of domestic violence among military families. Given the incredible stress these families had endured after more than a decade at war, the findings were difficult to hear, but not surprising. Thankfully, we were in a position to do more than just listen.
The Philanthropy-Joining Forces Impact Pledge today announced more than $106 million in new commitments to strengthen services and support for millions of veterans and military families throughout America. Six new grantmakers joined more than 30 philanthropic organizations and corporations that made the Impact Pledge since 2014.
Since last year’s Impact Pledge announcement of $170,000,000, an additional $106,225,000 has been committed (both cash and in-kind), bringing the total to $276,225,000. These new Impact Pledge members include: