The company’s profits will sustain these efforts in perpetuity.
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Yvon Chouinard’s gift is unusual due to its structure but is also part of a trend. Many billionaires and large foundations are now funding these causes.
Brad Pitt walks past a house under construction in New Orleans in a 2007 photo.
AP Photo/Alex Brandon
The low-income homebuyers who obtained these homes were deprived of the financial security they were promised. They’re now eligible for at least $25,000 in reimbursements for repairs.
A photo from a demonstration calling for police accountability and an end to police brutality in Vancouver, in May 2020.
THE CANADIAN PRESS/Darryl Dyck
The greedy tendencies of police departments help illustrate why public police funding is a major problem today in Canada and the United States.
Taking grantees’ word that they will spend money responsibly frees up time and can strengthen relationships.
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This growing trend aims to shift some of the power funders typically wield to the groups getting their money.
Grandchildren and other heirs to a fortune may want to support different kinds of charities.
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Decades of data indicate that over time, the foundations gave less to the founder’s own community and religious causes. But the share of their donations supporting social movements rose.
Bringing together people with different perspectives and roles can sharpen an organization’s vision.
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Asking for input is more common than letting stakeholders help set a foundation’s priorities or giving them any say where grant money flows.
The Bill & Melinda Gates Foundation reacted more quickly when the COVID-19 pandemic began than most other foundations.
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Two scholars of philanthropy and geography who reviewed the numbers see cause for concern about the agility and priorities of grantmakers during a crisis.
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For every 0.1℃ rise in temperature, the number of sinkholes increases by 1 to 3%.
Jeff Bezos and MacKenzie Scott, seen here before they divorced in 2019, were the top two U.S. charitable donors the following year.
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While support for social services and historically black colleges and universities rose sharply, these donors spent a tiny fraction of what the government distributed to people who needed help.
A volunteer hands out food boxes in Los Angeles before Thanksgiving.
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Nonprofits are being forced to do more with less money, which may force many of them to close within the next couple of years.
Sometimes promising innovations, such as this glass that can harness solar energy, developed by scientist Lance Wheeler, take a long time to reach consumers.
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Similar arrangements already support the National Park Service, the National Institutes of Health and other federal agencies.
Some are financing a boost in grantmaking by selling bonds.
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Due to a ‘once-in-a-century crisis,’ five big foundations are spending more of their assets on grants than usual. Some are issuing bonds to finance their extra support for nonprofits.
The Ford Foundation, under Darren Walker’s leadership, is joining with other foundations to give more money away.
Gonzalo Marroquin/Patrick McMullan/Getty Images
It’s too soon to say what will happen with philanthropy in 2020, but looking at 2019 may offer some clues.
Will Mark Zuckerberg and Priscilla Chan quickly get money to charities?
In past recessions, donors have tightened their pursestrings even as the need has grown. But two scholars explain why, at least for foundations, there’s room for more generosity in tough times.
Eight charities will get the Trump Foundation’s remaining assets.
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Under a settlement reached with New York authorities, he must give US$2 million to nonprofits out of his own pocket. And if he wants to start another foundation, Trump must submit to close supervision.
Obama’s Nobel Peace Prize ceremony in Oslo.
AP Photo/John McConnico
Congress can fix this by updating the tax code.
When subsistence farmers become climate refugees, who will help them pay the cost of relocation?
The $4 billion that foundations are pledging to spend within five years amounts to less than 1 percent of what businesses and governments spend on global warming every year.
H.F. ‘Gerry’ Lenfest, left, donated tens of millions of dollars to sustain Philadelphia’s newspapers.
AP Photo/Rich Schultz
Without credible news and information, a healthy democracy is not possible.
Charities should not make amassing more and more money their top priority.
When organizations dedicated to doing good make money their top priority, they get into trouble.
Oklahoma Gov. Mary Fallin, front, after she signed a law that allows pay-for-success funding for projects aiming to reduce female incarceration rates.
AP Photo/Sue Ogrocki
These partnerships between investors, governments and nonprofits are a new way to pay for programs and services that help people in need and address intractable problems like mass incarceration.