Many community foundations are recognizing that impact investing can be a powerful tool in our philanthropic toolbox. Mission investments are investments made by foundations to further their philanthropic goals. Since 2009, the Seattle Foundation has committed $4 million of its unrestricted endowment assets to extend access to capital and expand economic opportunities for low income communities in our county.
Public foundations are grantmaking public charities that gain their funds from a variety of sources, which may include foundations, individuals, corporations, or public entities. Public foundations may engage in fundraising, and may seek broad public financial support. They may or may not have endowments. There is no legal definition of a public foundation, but most dedicate a significant portion of their annual budgets to grantmaking. Most community foundations are also grantmaking public charities.
Since public foundations may be defined in different ways, and there is no official IRS or legal definition of public foundations, it is difficult to arrive at statistics that are fully representative of the field.
Below is everything on our site for public foundations. You can use the filtering options on the right to narrow these results.
At the White House last week, foundation executives, including the Council’s President and CEO Vikki Spruill, met with senior Administration officials for a roundtable on the future of impact investing. A complement to charitable giving and foundation grantmaking, impact investing offers a powerful opportunity to provide cash, loans, or equity capital to an organization, fund, or company that intends to generate measurable social or environmental impacts, alongside financial returns.
When Jessica David was wondering how to support her new hire, who was tasked with telling her foundation’s story online, she turned to her peers for advice.
With partnerships being very important in making the most of innovative ideas, how does one develop an authentic partnership? In a recent situation, I developed a partnership with several individuals to implement an idea at a large conference. Here are the lessons I learned:
In this issue of Washington Snapshot:
- Senate Tax Reform Hearings
- Lost Lois Lerner E-mails
- Social Impact Bond Act Introduced in House
- NOTICE Act Introduced in Senate
- Political Activity Rules Could be Expanded, Commissioner Says
- 2013 Giving USA Numbers Released
- Form 990 Data Availability
- Can Philanthropy "Fix" Democracy?
How can we engage older residents while tapping their expertise? In 2006, The New York Community Trust responded to an invitation from Atlantic Philanthropies offering challenge to get people over 60 involved as they improve life for everyone in their communities. Atlantic’s effort, called the Community Experience Partnership, used this tagline: “in the 60s they changed the world, in their 60s they might do it again.”
At the Council on Foundations Annual Conference in Washington, D.C., some funders were expressing a move toward a new way of doing business with their grantees. Accountability has long been a theme in grantmaking. It has traditionally been top-down – foundations being held accountable to the people whose money they are spending and grantees being held accountable to the foundations.
In this week's issue of Washington Snapshot, you'll read about:
- Community Foundation Survey
- Implications of Cantor Loss
- Impact of McCutcheon on Grantmaking
- Future Challenges and Opportunities for Community Foundations
- 2014 Annual Conference - Recap!
- Announcing New Board Members and Chair
Read all this and more online!