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MacKenzie Scott Gives $65 Million to National Community Development Group

The Chronicle of Philanthropy

This is the second donation the billionaire novelist has given Local Initiatives Support Corporation, following her initial $40 million gift in 2020.

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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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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

At the same time, many community development nonprofits face challenges in securing the capital needed to carry out their core missions and, importantly, to test new ideas and strategies. While common in some sectors like housing finance, these guarantees have typically been issued by public entities, not by philanthropy.

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Zero-Problem Philanthropy

Stanford Social Innovation Review

The Problem With Problem-Solving Solving problems to improve people’s lives has been philanthropy’s raison d’être. However, some criticisms have arisen regarding the approach philanthropies take in problem-solving. Can this vision be applied to philanthropy? Three examples demonstrate the Zero-Problem Philanthropy approach.

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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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Education Cannot Wait Commits $500 Million to Serve Refugee Students and Teachers

The Chronicle of Philanthropy

Also, the Lilly Endowment gave almost $146 million to six colleges and universities in Indiana for community-development projects, and the U. of Massachusetts at Boston received $10 million to establish the New Balance Institute for Innovative Leadership in Sport.

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Philanthropy Must Move from Charity to Solidarity

NonProfit Quarterly

Philanthropy comes in many forms. For over a decade, Black Philanthropy Month has been a time of reflection on Black philanthropists’ contributions—including the contributions of Black liberation movements. It also encourages me to rethink the definition of philanthropy itself. But to me, this is what philanthropy looks like.