Foundations news digest – week 26

By June 16, 2017News

Are you interested in the philanthropy sector and its latest developments? Look no further as we have made it easy for you to keep up. Check out our handpicked articles featuring the latest philanthropy news!

A Total Rethink of Philanthropy

This week Daniel Lurie, Founder of the Tipping Point Community was present at the Shift Forum. During this forum, he presented his revolutionary idea for philanthropy. The Tipping Point Community was founded in 2005 to help the 1 in 5 people in the Bay area that are too poor to meet their basic needs. They help them by investing in promising organisations working in different areas such as education, housing or employment.

What is so different about this organisation is that three years ago they took example on companies and started investing in R&D to increase the quality of their philanthropic actions. Investing in R&D is unchartered territory for the sector and demanded a shift in mentality and for funders to be open to an element of risk, so far it seems to have paid off for the Tipping Point Community.

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2017 Chancellor’s Award for Leadership in Philanthropy

Tracy and Sarah Wilkins from Radford Virginia have received the 12th annual Chancellor’s Award for Leadership in Philanthropy. This award honours philanthropists from the state of Virginia.

Tracy and Sarah Wilkins established the Wilkins Fellows program two years ago and have since then provided full scholarships for many students going to community colleges in Virginia. They are also strong advocates for other organisations which support education for all such as ACCE (Access to Community College Education).

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San Diego Unseats Houston as Top Philanthropy City

San Diego overtook Houston as the most philanthropic city in the United States according to the latest Metro Market Study released by nonprofit charity evaluator ‘Charity Navigator’.

The study compares the median performance and size of the largest nonprofits in the 30 largest metropolitan markets, which account for 62% of the 8,219 charities evaluated.

The study also rates dimensions for financial score as well as Accountability & Transparency Score which examine approximately two dozen metrics ranging from program and expenses to contributions and revenue among other things.

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Corporate philanthropy prize launches by Achates Foundation

A new prize celebrating corporate philanthropy has opened for entries this week. The Corporate Philanthropy Prize from the Achates Philanthropy Foundation will award a company that has supported the arts for the first time in the last year.

This prize is the only one that celebrates first-time cultural giving in the domain of the arts and was created in order to celebrate new philanthropists. The winners will receive a sculpture by British artist Peter Brooke-Ball as well as a £5,000 pound donation.

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National Museum of Women in the Arts Receives $9 Million Bequest

The National Museum of Women in the Arts in Washington, D.C. received a bequest of $9 million from founding donor Madeleine Rast, who died in January at the age of 92. Born in Zurich, Switzerland, Rast moved to California as a young woman and, after studies and, after working a number of jobs and pursuing a degree in accounting, eventually became a successful business woman.

The bequest represents the largest single cash gift in the National Museum of Women in the Arts’ 30-year history and will bolster the legacy of Women in the Arts Endowment.

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Here you have this week’s news of the philanthropy sector, this hopefully helped keep you informed on the latest occurrences in the industry.

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