Leading Foundations Pledge to Give More, Hoping to Upend Philanthropy

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Five leading charitable foundations have pledged to increase their giving by $725 million in an unprecedented move to save the nonprofit sector.

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James B Stewart and Nicholas Kulish, “Leading Foundations Pledge to Give More, Hoping to Upend Philanthropy,” The New York Times, December 10, 2019.

Dan Parks, “Ford and Other Funds Issue $1.2 Billion in Debt So They Can Give More Now,” The Chronicle of Philanthropy, December 11, 2020. 
 

Lucas Manfredi, “Ford Foundation to raise $1B for coronavirus-hit nonprofits: Report,” FOX Business, December 10, 2020.

Sarah Cascone, “Promising Aid to Arts Organizations, Five Charitable Foundations Will Give an Unprecedented $1.7 Billion to Nonprofits Worldwide,” Artnet News, June 11, 2020.

Stefano Esposito, “MacArthur Foundation, 4 other groups pledge $1.7 billion to support nonprofits battered by the coronavirus,Chicago Sun-Times, June 11, 2020.

Nancy Kenney, “Citing devastating coronavirus impact, five US foundations plan to increase payouts to strapped nonprofits by $1.7bn,The Art Newspaper,June 11, 2020.

Daniella Genovese, “Ford Foundation borrows $1B to help small charities weather coronavirus slump,FOX Business, June 11, 2020.

Amy Cortese, “Ford, MacArthur, Kellogg and other foundations to issue bonds to scale up COVID relief,Impact Alpha, December 16, 2019.

Fang Block, “Leading Foundations Increase Payouts to Nonprofits to Fight Pandemic and Social Injustice,Barron’s, June, 11, 2020.

Ruth McCambridge, “5 Large US Foundations Sell Bonds to Increase Grantmaking by $1.7 Billion Now,” NonProfit Quarterly, June 11, 2020.

Mark Hrywna, “$1.7 Billion In Cash, Debt Committed To Stabilize Nonprofits,” The NonProfit Times, June 11, 2020.

PRNewswire, “Five Major Foundations To Increase Support With Over $1.7 Billion To Assist Nonprofit Organizations In Wake Of Global Pandemic,” Business Insider, June 11, 2020.

Carmen Graciela Díaz, “The Ford Foundation and Four Others Increase Their Spending to Face a "Once-In-A-Century" Crisis,Grantmakers in the Arts, June 11, 2020.

Leading foundations to boost grantmaking by $1.725 billion,Philanthropy News Digest, June 11, 2020.

Scott Jaschik, “Foundations Will Increase Support for Higher Ed,” Inside Higher Ed, June 12, 2020.

Jessica Ruf, “In Light of COVID-19, Five Foundations to Increase Support for Higher Education, Other Nonprofits,” Diverse Issues in Higher Education, June 12, 2020.