Corporate profits are on the rebound, but most big businesses say it will be some time before they can give as much cash to charities as they did before the recession, according to a survey of the nation's largest companies by the Chronicle of Philanthropy and USA TODAY. More than 100 answered the survey, and the Chronicle analyzed tax data for a total of 162 companies. A majority of companies said they expect their charitable donations in 2010 to be about the same as in 2009 � a year in which cash giving fell by 7.5%. Of the 102
Eleven California nonprofits, from park groups to hospitals and an incubator for minority restaurateurs, have received grants totaling more than $1.1 million from the Hearst Foundations in New York.
The Hearst Foundations are private philanthropic organizations that operate independently from the Hearst Corp.
Bank of America Corp. on Thursday will commit $10 million in grants to nonprofit organizations that lend to small and rural businesses.
A host of nonprofit lenders, such as Community Development Financial Institutions, or CDFIs, have been struggling to make loans throughout U.S. communities. Those entities typically receive their lending funds from federal agencies, but recession-driven funding restraints have limited the ability of these organizations to lend.
Blame hard times, the spread of social media or the incentives created by a competition, but things have gotten ugly in an online contest among cultural organizations to win a $200,000 grant from American Express.
On Thursday night Lincoln Center for the Performing Arts, one of nine nonprofit groups competing for the grant, posted a Twitter message saying: “I know we’ve asked before, but we really need to beat StoryCorps. We NEED your HELP. Show some love & vote for the arts.”
As a member of the grantmaking committee of the Future Fund at the Community Foundation of Greater Greensboro, Dan Koenig, a lawyer at Connors Morgan Sinozich, learned a lot and made valuable contacts that have benefited his work as a member of the board of directors of Seven Homes, a local nonprofit that places children in foster homes and received a $1,000 grant from the Future Fund in 2009.
Omidyar Network announced $2.275 million in grants awarded to three nonprofits organizations whose missions strive to create more transparent and accountable government.
The Cities of Service coalition has announced two-year grants totaling $2 million to ten cities around the country to hire senior city officials who will develop and implement plans to increase local volunteerism.
Funded by the Rockefeller Foundation and Bloomberg Philanthropies, the grants will enable the cities to hire chief service officers, who will work within the mayor's office to convene strategic committees of service experts, conduct assessments of existing service levels, and identify collaborative partnerships to deepen the effects of local volunteerism. The second round of $200,000 Cities of Service Leadership Grants went to Atlanta; Baltimore; Houston; Pittsburgh; Austin, Texas; Baton Rouge, Louisiana; Chula Vista, California; Little Rock, Arkansas; Orlando, Florida; and Richmond, Virginia.
The Leona M. and Harry B. Helmsley Charitable Trust awarded an $8.15 million grant to the Good Samaritan Society — the largest grant in the GSS history. The grant will be used to deliver sensor technology and telehealth services to help rural seniors age in place.
The McKnight Foundation awarded 117 grants totaling $30,054,000 in its second-quarter 2010 grantmaking.
Of the $30 million total approved, over $1.3 million went to 20 small and mid-sized arts organizations that model innovation in connecting artists and community. Among them, Franconia Sculpture Park, a 20-acre working sculpture park that invites the public into each artist's creative process, received $70,000 over two years; nonprofit literary publisher Milkweed Editions of Minneapolis received $180,000 over three years; Northern Community Radio of Grand Rapids received a $20,000 grant to support its general operations; and Public Art Saint Paul received $60,000 over two years for an artist in residence in the city of St. Paul. Minnesota's oldest performing arts organization, the Schubert Club of Minneapolis, received $80,000 over two years; and SteppingStone Theatre of St. Paul received $60,000 over two years to support youth-specific productions created by professional playwrights.