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Grantmakers are Free to be Bold

Grantmakers are Free to be Bold   

Recently we witnessed a grant application from a small charter elementary school in an economically struggling port city spark a private foundation board’s enthusiasm in an unusual way. What happened next affirmed our belief that the time funders spend working on process, clarifying their goals, and developing partnerships with their grantees leads to trusting relationships and confident philanthropic investment. 

Teach your kids about philanthropy

Philanthropic values cannot be passed on to rising generations all at once, in one big "data dump" toward the end of a donor's life. Rather, philanthropy is an evolving opportunity for learning that is best pursued over a lifetime.

Right from the start, young children can be involved with simple giving activities. By the time they have leadership opportunities, they will be well-versed in and comfortable with the family's values and will have developed philanthropic skills.

Life sciences board approves appointment of new chief

The board of the Massachusetts Life Sciences Center, the state agency charged with implementing a 10-year initiative to support the biomedical sector, Wednesday voted unanimously to approve the appointment of Travis McCready as the center’s new chief executive. McCready, vice president for programs at the Boston Foundation, was nominated by state economic development secretary Jay Ash, as the Baker administration’s choice to lead the agency. The center awards grants, loans and tax breaks to biotech and medical technology companies locating or expanding in Massachusetts.

All Nonprofits Can Learn from the Ways Aid Workers Use Technology

Individuals expect that the companies for which they work will also step up, and companies are responding in kind, redirecting funds and expanding their budgets to include organizations providing emergency relief and humanitarian assistance. As reported Friday by CNBC, Google has so far raised more than $11 million after issuing a challenge to match up to $5.5 million.

Creative Placemaking: Putting the Arts to Work for More Equitable Communities

One of the fundamentals of contemporary community development is that you have to build a community where people want to live – not just work, but live their life in a convenient, safe  and opportunity-filled way.  In 2010, the Knight Soul of the Community study investigated just why people move somewhere – it asked  “Great schools, good transit, affordable health care and safe streets all help create strong communities.

On Philanthropy: Impact investing gets an IRS boost

Impact investing is one of the hottest topics in the philanthropic sector. It involves investments made with the intention of generating not just a financial return, but also a social or environmental impact — the double bottom line.

Until just recently, some foundation directors with an interest in impact investing felt restrained by their fiduciary duty to “exercise ordinary business care and prudence” in providing for the financial needs of the foundation, the breach of which could result in negative tax and other consequences.

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