THE ATLANTIC PHILANTHROPIES is down to its last billion dollars. The once ultrasecretive foundation funded by Chuck Feeney, who made his fortune as a founder of the Duty Free Shoppers Group, is making good on its promise to give away all of its money in the next two years.
Associated Grant Makers mourns the passing of R. Bruce Taylor, husband of fomer AGM President Janet C. Taylor. Janet was one of the original staff members at AGM and served 9 years as President. AGM named its former library in honor of Ms. Taylor, and after the closing of the library in 2013, AGM renamed its print collection the Janet C. Taylor Print Collection. Mr. Taylor died unexpectedly at home on November 6, 2014. We extend our deepest sympathy to Janet and Mr. Taylor's entire family and friends.
Foundations and other nonprofits that want to invest in Community Development Corporations in Massachusetts have until the end of the year to do so and, under a new program, claim a state tax credit equal to half of their donation.
Given the immense diversity of foundations, it is a challenge to talk about any aspect of foundation behavior that goes beyond the minimum required in law and public policy to reach prescriptions for the behavior of foundations across the board.
While the critiques of for-profit colleges have been scathing and constant (such as this article by freelancer Barry Yeoman that slams for-profit colleges for “Potemkin” degrees, fabricated prospects of employment, and leading students into “a lifetime of debt”), no one should be carried away that attaching “nonprofit” to higher education makes colleges and universities all hunky dory.
In partnership with Bank of America Charitable Foundation, AGM is proud to announce the twenty nonprofit organizations from throughout Massachusetts that will be participating in the Nonprofit Learning Institute. Entering its fourth year, the Nonprofit Learning Institute is comprised of a series of technical assistance and capacity building sessions around board management & development, board engagement, and major donor fundraising.