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Kataly Foundation and Bank of America Commit $84 Million for Community-Development Fund

The Chronicle of Philanthropy

Prest Getty Images A commitment by Kataly Foundation and Bank of America is supporting the Inclusiv Impact Deposits Fund to enable $100 million in lending through community-development credit unions.

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U. of Chicago Receives $75 Million for the AbbVie Foundation Cancer Pavilion

The Chronicle of Philanthropy

Prest University of Chicago Medicine A rendering of the AbbVie Foundation Cancer Pavilion, expected to open in 2027 following the foundation’s $75 million gift to the University of Chicago.

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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

Image Credit: Charlota Blunarova on unsplash.com Private foundations are best known for their grantmaking. However, each year, foundations nationwide invest hundreds of billions, often with the simple goal of maximizing financial returns to fund future grants. At the most basic level, a guarantee is akin to automobile insurance.

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Helping Movements Meet the Moment: What Philanthropy Can and Must Do

NonProfit Quarterly

As community power builders and social movement organizers engage in vibrant debates on how to address the immediate expressions and root causes of these multiple crises, social justice funders should take their own hard look at why the problems they have sought to address persist in such an exacerbated form. Their main finding?

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Zero-Problem Philanthropy

Stanford Social Innovation Review

Current philanthropic work—as a leader of a prominent US-based foundation remarked at a recent Stanford PACS conference—leaves people exhausted. The Problem With Problem-Solving Solving problems to improve people’s lives has been philanthropy’s raison d’être. Can this vision be applied to philanthropy? Medicine 3.0:

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Deepening Impact Through Relational Philanthropy

Stanford Social Innovation Review

We put forward three recommendations to help realize this goal of “ relational philanthropy ”: 1) commitment to fostering meaningful relationships centered on “we” vs “us/them”; 2) instituting practices that promote shared learning and continuous improvement; and 3) developing a standard of conduct for philanthropy.

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Action Steps to Grow Climate-Driven Philanthropy in Rural Communities

NonProfit Quarterly

Image Credit: Ankush (Yogletics) on pexels.com Philanthropy should fund climate mitigation in rural communities like lives depend on it—because they do. Late last month, a long-track tornado tore through Mississippi and Alabama, killing 26 people and decimating the entire town of Rolling Fork, MS. Help define impact.