
Transforming Communities
News and opinion about community foundations and philanthropy
NYC COVID-19 Response & Impact Fund Distributes Grants and Interest-Free Loans to Organizations In Need
The NYC COVID-19 Response & Impact Fund has now distributed more than $110 million in emergency support to New York City-nonprofits impacted by Covid-19.
Study: U.S. Community Foundations Have Mobilized More Than $1 Billion to Address COVID-19
An unprecedented effort by U.S. community foundations to help those impacted by COVID-19 has now mobilized more than $1 billion to support on-the-ground efforts by nonprofits.
This latest figure includes funds managed by nearly 600 community foundations that have provided data as part of an ongoing study by the Community Foundation Public Awareness Initiative of grantmaking activities during COVID-19.
Donor-Advised Fund Grantmaking Continues Its Surge During Covid-19
Donor-advised fund account holders at community foundations continue to rally to support those in need in the face of Covid-19, according to a new survey by the Community Foundation Public Awareness Initiative.
The latest figures, which track donor-advised fund grants at 32 community foundations in 21 states, found that donors who had funds at these foundations made $203.1 million in grants from March-May. That's up 80 percent over the same period in 2019, when donors from those same foundations granted $112.8 million.
Honeywell and Charlotte Center City Partners Launch Small Business Innovation Fund
Honeywell and Charlotte Center City Partners announced the creation of the Center City Small Business Innovation Fund, launching with an initial investment of $2 million by Honeywell and in partnership with Foundation For The Carolinas.
New York Community Trust Partners Up to Provide Capacity-Building Resources for Organizations
New York's community foundation, the New York Community Trust, is partnering with the United Jewish Appeal (UJA) Federation of New York and Robin Hood on a new $500,000 venture which will provide consulting services for hundreds of New York nonprofits suffering economic hardship due to COVID-19.
Opinion: Community Foundations Rally to Fulfill Role as Philanthropy's First Responders
Community foundations have historically been philanthropy’s first responders.
When disaster strikes, they immediately stand up platforms to receive and distribute relief funds; take stock of the damage; identify the greatest needs; and marshal nonprofits, government, and businesses to create rapid, agile and coordinated responses extending from relief to recovery to reconstruction.
Thus, it should not come as a surprise that in the face of a pandemic that poses an unprecedented threat, more than 400 community foundations in every U.S. state immediately set up COVID-19 response funds.
Survey: Covid-19 Sparks Surge in Giving From Community Foundation Donor-Advised Funds
Donor-advised fund account holders at community foundations have been rallying to help those in need in the face of the Covid-19 crisis, granting hundreds of millions to support their neighbors in communities large and small across the U.S.
According to a new survey by the Community Foundation Public Awareness Initiative, donor-advised funds at 64 U.S. community foundations granted $821.9 million to nonprofits in March and April. That figure represents an increase of $302.5 million, or 58.2 percent, compared with the same period one year ago.
In many communities, donors have granted two or three times more than they have in previous years – and are pledging to make additional contributions to nonprofits as the crisis continues to unfold.
Opinion: Stop Starving the Nonprofit Sector
Dallas Foundation President and CEO Matthew Randazzo outlines several actions foundations can take to better support their grantees, both now and for the long-term.
More Than $500,000 Raised For Tornado Relief Through Team Effort
The Community Foundation of Greater Chattanooga and the United Way of Greater Chattanooga raised more than $500,000 for tornado relief after a powerful storm tore through Tennessee in April.
Wichita Community Foundation Fund Puts Focus on Education and Mental Health
The Victor Murdock Fund at the Wichita Community Foundation is awarding $120,000 to two Wichita nonprofits that are focusing on mental health and education.