Grants

New IRS Regulations Encourage Use of Program-Related Investments
June 15, 2016 at 9:00 am

Each year, more than 87,000 U.S. foundations make grants to help improve their communities, their nation and their world. With more than $800 billion of foundation assets, these annual grants total more than $56 billion—doing a lot of good. Each year, however, nearly $750 billion remains in endowments—where it usually is invested for the single bottom…

MacArthur Foundation Announces $100M Grant Competition
June 3, 2016 at 9:19 am

MacArthur Foundation, best known for its "Genius" grants, on Thursday announced a competition that will award $100 million to a single proposal that helps solve a "critical problem affecting people, places or the planet." Called 100&Change, the competition will be held once every three years and is open to nonprofit and for-profit organizations in the U.S. and internationally...

Social Service Nonprofits Sue Illinois Governor Over Unpaid Bills
May 11, 2016 at 8:00 am

A group of service providers who contract with Illinois state government sued Gov. Bruce Rauner and members of his administration last week for stiffing them on bills for services that they've provided since the state budget impasse began in July. In a lawsuit filed in Cook County Circuit Court, the Pay Now Illinois coalition of…

Formerly Gates-Funded Education Nonprofit to Shut Down
May 9, 2016 at 10:55 am

Financial problems are forcing the closure of NC New Schools/Breakthrough Learning, a champion of specialty and early-college high schools, the nonprofit announced Thursday. The organization had expanded rapidly, said Jeffrey Corbett, president of its board of directors, and the expansion outpaced its funding. "We ran into cash-flow problems that were directly related to growth and…

Make It Count: Prepping For Your First Foundation Site Visit
May 3, 2016 at 11:03 am

Picture this familiar scenario: It’s been six weeks since you spent time and effort researching regional foundations and sending out eight new proposals in support of a planned educational initiative on behalf of your three-year-old community arts organization...

6 Ways to Prepare Your Nonprofit for a Potential Budget Impasse
May 2, 2016 at 9:00 am

Some nonprofits had to endure weeks or months—10 months and counting for Illinois—without a budget this fiscal year. With budget impasses becoming more common, what can you do to prepare if or when one affects your state and your nonprofit?

Nonprofits Struggle With State Budget Impasses, Cuts
April 28, 2016 at 11:19 am

States have faced record-breaking budget impasses this year, with nonprofits having to do their best to continue their missions without much-needed funding. Tensions increasingly are occurring in some states with political battles between governors and opposite party-controlled general assemblies, resulting in reduced or withheld funding that limits social service agencies’ abilities and could have dire effects on the communities they serve...

4 Grant-Writing Tips to Bolster Relationships With Foundations
April 7, 2016 at 9:51 am

Grant writing is a time-consuming process. It can also be nerve-wracking if you’re inexperienced or working on a particularly important grant. Jeff Kutash, the executive director of the Peter Kiewit Foundation in Omaha, Neb., deals with grants on a daily basis. What does the head of a foundation that gave $18 million in grant money…

Super Bowl 50 Raises Record $12M for Charity
February 8, 2016 at 10:08 am

Philanthropy is the name of the game. Especially for Super Bowl 50 and the San Francisco Bay Area. This year’s host committee raised $12 million for local nonprofits, more than any other host committee has in years past, Fast Company reported...

New York Mayor Wants Rules for Nonprofit Fund Distribution
February 2, 2016 at 11:37 am

Peekskill, N.Y, Mayor Frank Catalina is pushing to establish new rules nonprofits must follow before the city selects them to distribute federal and state funds, including a ban on awarding grants to elected officials. In an email Saturday afternoon to council members, Catalina wrote that he plans to work with the city manager and city…