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A new report details how the "profit motives of the financial services sector have increasingly and disastrously warped how charitable giving functions" Wealthy people have the option to donate to foundations or DAFs, which can be sponsored by for-profit wealth management firms like Fidelity Investments or Charles Schwab.
The report recommends a number of reforms in order to take back philanthropy from Wall Street.
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Selected Foundation News
A customized collection of news from foundations from around the Web.
Report: Only 2% of Nonprofits Have Fully Integrated Ai 
Only 2% of organizations have fully integrated AI.67% of nonprofits plan to level up their AI use within the year.Report dives into 4 ways AI is stepping up: climate action, agriculture, healthcare...more
Only 2% of organizations have fully integrated AI.67% of nonprofits plan to level up their AI use within the year.Report dives into 4 ways AI is stepping up: climate action, agriculture, healthcare...more
Commentary: An Opportunity to Reform 
We need the will to organize and the resources to make it happen.A shared toolbox will provide a new foundation that lets us leverage shared resources at scale, connect across silos, and solve big...more
We need the will to organize and the resources to make it happen.A shared toolbox will provide a new foundation that lets us leverage shared resources at scale, connect across silos, and solve big...more
Four Takeaways From Mackenzie Scott's 2024 End-of-Year Essay 
Four Takeaways from MacKenzie Scott's 2024 End-of-Year Essay.Scott moves her money through a Seattle-based LLC called Lost Horse.The big open question moving forward is to what extent forthcoming...more
Four Takeaways from MacKenzie Scott's 2024 End-of-Year Essay.Scott moves her money through a Seattle-based LLC called Lost Horse.The big open question moving forward is to what extent forthcoming...more
Red Deer River Naturalists Land Big Grant 
Red Deer River Naturalists land big grant - Red Deer Advocate $500,000 going to Red Deer River naturalists endowment fund.Red Deer river naturalists have received a $ 500,000 donation to its...more
Red Deer River Naturalists land big grant - Red Deer Advocate $500,000 going to Red Deer River naturalists endowment fund.Red Deer river naturalists have received a $ 500,000 donation to its...more
Best of 2024 Donors to the Arabella Advisors Network
Foundation: Foundation to Promote Open Society, Open Society Institute, Silicon Valley Community Foundation, Ford Foundation, Fidelity Investments Charitable Gift Fund
Capital Research Center compiled a list of all megadonors to the main four Arabella nonprofits.For the New Venture Fund, the largest donors were: Bill Gates, George Soros, and eBay founder Pierre...more
Foundation: Foundation to Promote Open Society, Open Society Institute, Silicon Valley Community Foundation, Ford Foundation, Fidelity Investments Charitable Gift Fund
Capital Research Center compiled a list of all megadonors to the main four Arabella nonprofits.For the New Venture Fund, the largest donors were: Bill Gates, George Soros, and eBay founder Pierre...more
Sobha Group's Philanthropic Trust Lays Foundation Stone For Devi Home 
Sri Kurumba Educational and Charitable Trust, the philanthropic arm of Sobha group, today laid the foundation stone for Devi Home in Moolamcode, Palakkad.Devi Home will accommodate 144...more
Sri Kurumba Educational and Charitable Trust, the philanthropic arm of Sobha group, today laid the foundation stone for Devi Home in Moolamcode, Palakkad.Devi Home will accommodate 144...more
Celebrating Impact: San Diego Foundation's Top 10 Stories of 2024
Foundation: California Community Foundation, San Diego Foundation
SDF also developed a research report in partnership with the San Diego Regional Policy & Innovation Center to better understand economic mobility and generational wealth among San Diego's Latino...more
Foundation: California Community Foundation, San Diego Foundation
SDF also developed a research report in partnership with the San Diego Regional Policy & Innovation Center to better understand economic mobility and generational wealth among San Diego's Latino...more
Nurturing This Trait Could Bolster Kids' Confidence 
92% of participants believe being creative boosts their confidence.6 in 10 said participating in a creative activity gives them a sense of pride.65% of children shared that engaging in creative...more
92% of participants believe being creative boosts their confidence.6 in 10 said participating in a creative activity gives them a sense of pride.65% of children shared that engaging in creative...more
School Talk Houston: Forging Pathways For Student Growth and Community Impact 
Through creative grant funding and collective efforts, these schools are building bridges between education, industry, and civic engagement.These schools are empowering students to make a difference...more
Through creative grant funding and collective efforts, these schools are building bridges between education, industry, and civic engagement.These schools are empowering students to make a difference...more
News Briefs €” Kids Can Earn Prizes During Winter Break Reading Challenge; Idignity ... 
Kids can earn prizes during Winter Break Reading Challenge; IDignity Osceola to transition to Hope Identification.Kids can use Beanstack reading app at home or anywhere they can connect.Children ages...more
Kids can earn prizes during Winter Break Reading Challenge; IDignity Osceola to transition to Hope Identification.Kids can use Beanstack reading app at home or anywhere they can connect.Children ages...more
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Foundation to Promote Open Society
Open Society Institute
Silicon Valley Community Foundation
Ford Foundation
Fidelity Investments Charitable Gift Fund
California Community Foundation
San Diego Foundation
Santa Barbara Foundation
Scranton Area Community Foundation
Community Foundation for Northeast Michigan
Social Entrepreneurship
Spotlight
Keeping Half the Profits Beats Non-profits for Social Impact
Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.