OVERVIEW: The NoVo Foundation invests in organizations combating regressive policies against marginalized populations, including LGBTQ communities.
IP TAKE: This funder’s LGBTQ grants are awarded for project specific support rather than general operating support.
PROFILE: Jennifer and Peter Buffett established the NoVo Foundation in 1997 after Peter’s father Warren Buffett, pledged a donation of 350,000 Berkshire Hathaway shares. The NoVo Foundation “envision[s] a world that operates on the principles of mutual respect, collaboration, and civic participation, thereby reversing the old paradigm predicated on hierarchy, violence, and the subordination of girls and women.” The foundation bases its grantmaking on larger initiatives rather than specific programs.
While the foundation conducts some LGBTQ related grants across its initiatives, it facilitates the majority of its LGBTQI grantmaking through its Radical Hope Fund. The fund is a four-year, $20 million commitment to “support the efforts that advance a collective response” to the “continued breakdown of the fundamental pillars of democracy including independently functioning branches of government, rule of law, and a free press.” The foundation supports organizations fighting regressive policies and violence aimed at girls and women, communities facing racial and ethnic intolerance, LGBTQI people, indigenous peoples, people with disabilities, immigrants, refugees, and other marginalized groups.
Foundation wide, NoVo awards larger grants ranging from $1 million to $5 million; however, the foundation typically awards those grants to large international nonprofits. The majority of NoVo’s grants generally fall between $100,000 and $350,000. Past grantees include the Global Fund for Women and the Institute for Women’s Policy Research. To gain a broader view of the types of organizations NoVo supports, browse through its Reports & Filings webpage.
While the NoVo Foundation does not accept unsolicited requests for funding, it accepts unsolicited letters of inquiry for its Radical Hope Fund. Current submissions are due by 12:00 pm, Eastern time (UTC -4) on October 4, 2017.
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