Foundations

Clinton Foundation Shuts Down Clinton Global Initiative
January 19, 2017 at 10:12 am

The Clinton Foundation has shut down the Clinton Global Initiative in a move that political opponents have taken as confirmation that the organization is a slush fund. The Clinton Global Initiative is a division of the Clinton Foundation that “convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges,” according…

Gates Foundation Open-Access Policy Goes Into Effect
January 16, 2017 at 12:01 pm

The Bill and Melinda Gates Foundation now requires all its grant recipients to make their published, peer-reviewed work immediately available to the public, the latest development in a larger push to make research more accessible. The foundation rolled out the new policy in 2015, but allowed for a two-year transition period during which grant recipients…

Philanthropy Booms, But Giving for Social Justice Stays Flat
January 13, 2017 at 12:53 pm

Foundations receiving tax-deductible contributions are booming, but a new report says little of the new money pouring in makes its way to those working on social justice issues. The National Committee for Responsive Philanthropy report says between 2003 and 2013, which included the Great Recession, the assets of the country's grant-making foundations increased by more…

The Walmart Foundation Is Perfect Example of How Corporate Philanthropy Is Changing
January 11, 2017 at 8:00 am

Recently, we argued that the once-sleepy world of corporate philanthropy is getting a lot more sophisticated as funders sharpen their priorities and "fuse traditional grantmaking with market-based approaches in ways that traditional foundations either can’t or won’t do." We also noted how corporate philanthropy was getting more tightly yoked to the quest for higher profits. Changes…

Attracting 'Big' Philanthropy in a Changing Landscape
January 6, 2017 at 12:32 pm

The philanthropy pie is growing, but the slices are getting bigger. Those slow to the table are going to be left hungry. The evolving behavior of philanthropists will also require an innovative approach from the nonprofit organizations and leaders that seek their investment. Focusing on improvement and activity in three key areas will best position nonprofits to win in an increasingly competitive market...

San Diego Nonprofit Goes Broke Celebrating Fleet Week
January 4, 2017 at 10:17 am

The nonprofit foundation that runs San Diego Fleet Week is out of money, and its board has been negotiating with creditors to settle its debts, according to a report. A San Diego Union-Tribune analysis published Saturday found the San Diego Fleet Week Foundation's deepest deficits are tied to its cornerstone event, the Coronado Speed Festival,…

NY Attorney General: Donald Trump Can't Dissolve Foundation During Probe
December 28, 2016 at 9:09 am

Donald Trump cannot move ahead with his plan to dismantle his charitable foundation because state prosecutors are probing whether the president-elect personally benefited from its spending, the New York attorney general's office said Tuesday. "The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete," said Amy…

Donald Trump Plans to Shut Down His Charitable Foundation
December 27, 2016 at 10:48 am

President-elect Donald Trump said he plans to shut down his charitable foundation, a decision that comes after repeated controversies over how it collected and disbursed funds. In a statement Saturday, Trump offered no timeline for when his foundation would close down, but said he had directed his attorney to take the steps needed to close it.…

Philadelphia Eagles Player Fined for 'Yeezy Foundation' Cleats
December 15, 2016 at 8:00 am

Remember when Philadelphia Eagles wide receiver Dorial Green-Beckham tried to take part in the "My Cause, My Cleats" campaign by wearing cleats representing the fictional Kanye West "Yeezy Foundation?" Well, as expected, the NFL didn't like it, and fined Green-Beckham $6,076...

Can Tiger Woods Transform His Charitable Foundation Into a Lasting Legacy?
December 14, 2016 at 8:00 am

It's a sunny day in Southern California. At One Tiger Woods Way, four miles north of Disneyland in Anaheim, dozens of kids are streaming down a tree-lined path into an enormous glass and sandstone building called the TGR Learning Lab. Many of them don't fully understand who Tiger Woods is, although they see his name…