Foundation Grants
Community Vital Signs
About Us
Fossil-Fuel Divestment Gains Momentum in Philanthropy
Foundation: MacArthur Foundation, Knight Foundation, Surdna Foundation, Ford Foundation, McKnight Foundation
Two of the world's biggest foundations have decided to get out of the fossil fuel business, the New York Times reports.
The Ford Foundation, which has $16 billion in assets, says it will no longer invest in coal, oil, and gas companies and will shift its investments to "climate-friendly" companies and funds within five years.
The MacArthur Foundation, which has around $20 billion, will do the same within a year.
"We're calling on governments and corporations to act on climate aggressively and commensurate with the science," says a leader of Divest-Invest Philanthropy, which is pushing the philanthropic community to get out of fossil fuel investments.
Both foundations are joining nearly 200 charitable organizations and firms that manage investments for wealthy families that have committed to divest, according to Divest-Invest Philanthropy.
"I'm glad that we were able to finally reconcile our financial imperative with our moral imperative as a foundation," the Ford Foundation's president tells the AP.
But critics say such moves could hurt investment returns and hinder foundations from maintaining their endowments, which are required to pay out only 5% of their assets annually.
"I don't think the Ford Foundation deserves to be congratulated for doing the right thing," a former Wall Street portfolio manager tells the Times.
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
Dunn a€“ Presidential Special Envoy for Partnership & Philanthropy, Ministry of Foreign Affairs, Republic of Liberia.Centennial Memorial Pavilion, Monrovia, Liberia, July 26, 2025.President...more
Foundation: Sea Change Foundation
Inside Philanthropy looks at the failure of foundations to invest in fostering a political and cultural environment that enables them to achieve their goals.Jeff Raikes, a co-founder of the Raikes...more
Fred A.Stone Philanthropy Award for Alzheimer's Research to the Fred and Barbara Erb Family Foundation.Foundation made its largest ever investment in Alzheimer's and dementia research by establishing...more
The philanthropic community must heed their calls for justice and solidarity, ensuring greater recognition and support for Indigenous-led initiatives worldwide.As Indigenous Peoples assert their...more
' e.logerror switcher request failed ln="!1,void(o&&o());var" r=".">=0;--n(){e[n]=(a=void 0,(a={fn:i=e[ n].fn||"",ln:i.ln||""",em:iem||","alias:...more
The Weeknd was awarded the Key to the City and honoured with The Weeknd Weekend by the City of Toronto.The ceremony was attended by Toronto Mayor Olivia Chow, youth from the Boys & Girls Club of West...more
Deputy Agric Minister charges GIMPA to set up School of Creative Arts - Graphic Online Deputy Agric Minister charged GIMPO to set down School of creative arts.GIMPPA graduates are the bridge between...more
The Dragon Nest, the districta€™s new staff daycare, officially opened its doors, marking a milestone for JCS.Daycare Coordinator Kim Alexander and Annette Beckwith, director of early...more
Niche uses five weighted factors for its rankings: academics grade, teachers grade, district overall grade, culture & diversity grade, and parent / student surveys.School grades: PK, K-8.School...more
Curry Wizza's passion for music ignited at 16, heavily influenced by Australian acts like Ocean Alley, Sticky Fingers, and Hockey Dad.We'll be digging into his inspirations, the creative journey...more
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.