In India & International Philanthropy, Major Donors, Observations, Planning, Prospects on 02/19/2014 at 1:30 am
As Billionaires’ Wealth Skyrockets, Their Philanthropy Does Not – Businessweek.
The Chronicle of Philanthropy released its annual “Philanthropy 50” list this week, detailing the gifts of the most generous donors in America. These individuals are “ditching the caution that marked so much of their giving as the economy stalled and are roaring back” with $7.7 billion in contributions, 4 percent more than in 2012, the publication says.
Some $7.7 billion is nothing to scoff at. It’s also possible that the figure would be higher if anonymous donations were included. The Chronicle publishes an excellent data set, however, and a closer look at the numbers suggests there is not quite a “surge” or “boom” in the largest gifts.
In India & International Philanthropy, Major Donors, Planning, Prospects on 01/29/2014 at 11:39 pm
Fidelity gift fund made $2.1 billion in grants for clients – Business – The Boston Globe.
Fidelity Charitable, the donor-advised fund operated by Boston financial house Fidelity Investments, made grants totaling $2.1-billion on behalf of clients last year, up 29 percent from 2012, writes The Boston Globe.
Reckoned the country’s second-biggest charity in The Chronicle of Philanthropy’smost recent Philanthropy 400 list, Fidelity Charitable collected $3.6-billion in gifts in the 2013 fiscal year, much of it in the form of appreciated stocks and mutual funds. It made grants to more than 80,000 organizations, with the number of $1-million-plus payments increasing by 47 percent.
In Observations, Planning on 01/23/2014 at 6:58 pm
Charities Rethink Antipoverty Goals in Slow Economy – Government – The Chronicle of Philanthropy
An Economic ‘Tornado’
Connecticut won plaudits for its intensive focus on poor children after the legislature vowed in 2004 to cut child poverty by half in 10 years. It created a Child Poverty and Prevention Council, which summoned liberal, conservative, and centrist poverty experts—and adopted 12 recommendations that they all supported in areas including housing subsidies, child care, and education.
After the economy nose-dived, the House speaker set up a task force to propose ways to help children weather the storm.
Despite all that effort, the share of poor children rose to 14.8 percent in 2012—up from 10.5 percent in 2004.
“I think it’s always helpful to have a goal and a percentage you’re looking toward,” says Elaine Zimmerman, executive director of the Connecticut Commission on Children, a state panel that promotes policies to help children.
However, she says, the recession was a “tornado” that pushed 35,000 children, largely from middle-income families, into poverty.
“We said 10 years,” she says. “Maybe we need to say 20 years.”
In Fundraising, Observations, Planning on 01/22/2014 at 11:05 am
Food Banks Anticipate Impact of Cuts to Food Stamps – NYTimes.com.
Even before the stimulus money ran out in November, food banks said they were having trouble keeping up. Since 2006, the number of Americans receiving food aid from pantries and similar services has gone up almost 50 percent, according to Feeding America.
“We’re already telling our partners — soup kitchens, churches and food pantries — that they need to step up their efforts to raise money and secure more food,” said Margarette Purvis, president and chief executive of the Food Bank for New York City.
In Observations, Planning on 01/21/2014 at 11:22 am