Blog

February Philanthropy News Roundup

2016 In Review

The Effect of the Current Administration on Philanthropy

Foundation News

  • The Surdna Foundation has announced that it will allocate $100 million of its endowment to impact investing.
  • A study from Exponent Philanthropy found that 11% of their nearly 2,000 members engage in impact investing. Exponent Philanthropy members are comprised of foundations with few or no staff.
  • The William Penn Foundation has provided a $1.8 million grant to Rutgers’ National Institute for Early Education Research to conduct a three-year evaluation of Philadelphia’s plan to provide free pre-K to all children in the city. Philadelphia is using its “soda tax” to fund the program.
  • The Silicon Valley Community Foundation awarded $1.3 billion in grants in 2016. $840 million of the grants were awarded to organizations in the San Francisco Bay Area.
  • Former Vice President Joe Biden and his wife Dr. Jill Biden have announced the launch of The Biden Foundation, an organization committed to advancing the rights and opportunities of all people.