We Are the World’s Second Biggest Foundation. Here’s What Accountability Means to Us

We Are the World’s Second Biggest Foundation. Here’s What Accountability Means to Us

Over the past 18 months, the Wellcome Trust has wrestled with how to respond to growing critiques that philanthropy is at odds with democracy. A top executive at the foundation—which has assets of $30 billion—explains where it came out.

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Generosity and Impact Aren’t Enough. Let’s Judge Philanthropy on How Well it Shifts Power

Generosity and Impact Aren’t Enough. Let’s Judge Philanthropy on How Well it Shifts Power

Even the most generous and effective funders are part of a plutocratic system that operates at odds with egalitarian ideals. So what if instead, we held the sector accountable based on how well it shifts power in society—and out of its own hands?

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Trust Their Visions: Creative Capital’s Suzy Delvalle on Supporting the “Art of the Future”

Trust Their Visions: Creative Capital’s Suzy Delvalle on Supporting the “Art of the Future”

Creative Capital’s president talks with Inside Philanthropy about pressing challenges facing artists in an uncertain funding climate, recent changes in its grantmaking, and its overarching philosophy to “follow where the artists lead us."

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A Foundation Created by an Adopted Child Pays it Forward

A Foundation Created by an Adopted Child Pays it Forward

Society pays a heavy price when foster care systems fail children. To change that, a grantmaker founded by an adopted child who went on to great wealth gives millions every year to programs supporting foster care transitions.

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Epstein, Science, and the Power of Saying No to Money

Epstein, Science, and the Power of Saying No to Money

We often idealize science as insulated from matters of power and corruption. Jeffrey Epstein’s ties to research institutions and scientists are a reminder that the way we fund science holds meaning and consequences. 

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These Collaborative Funds Listen to Groups on the Ground in Backing a Justice Agenda

These Collaborative Funds Listen to Groups on the Ground in Backing a Justice Agenda

At Borealis Philanthropy, taking cues from movement leaders is paramount. Its new fund to back justice reform organizers just awarded its first grants, and it’s renewing the call for applications for its immigration litigation fund.

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As Foundations Reimagine Themselves, They Should Give Attention to DEI in Operations

As Foundations Reimagine Themselves, They Should Give Attention to DEI in Operations

As foundations step up efforts on diversity, equity and inclusion, they’re often overlooking the operations side of their work in areas like IT. Two guest contributors explain the risks of this blindspot and how can foundations do better.

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Three Things to Know About Dana Hovig, Who Now Leads Hewlett’s Global Grantmaking

Three Things to Know About Dana Hovig, Who Now Leads Hewlett’s Global Grantmaking

Hewlett is among the top U.S. funders focused on global issues, making $106 million in grants in 2018. Will its new Global Development and Population head—who is coming from the Gates Foundation—change how this program operates?

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Community Food Funders: Seeding a Different Crop of Food Movement Leaders

Community Food Funders: Seeding a Different Crop of Food Movement Leaders

While there are hundreds of nonprofit groups working on issues of food justice and the food economy, many are not even aware of each other’s work—much less collaborating. In New York, a funding network is aiming to connect the dots.

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Thou Shalt Give: A WeWork Billionaire's Unusual Commitment to Big League Philanthropy

Thou Shalt Give: A WeWork Billionaire's Unusual Commitment to Big League Philanthropy

Adam Neumann’s pre-IPO pledge to give away $1 billion or face penalties underscores the new giving among young entrepreneurs. It also shows how Neumann doesn’t want to be yet another billionaire who doesn’t give fast enough.

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Systemic Solutions: How a Venture Funder Wants to Invest at a Deeper Level

Systemic Solutions: How a Venture Funder Wants to Invest at a Deeper Level

Venture philanthropy has always been about scaling what works, with a focus on measurable outcomes. But New Profit wants to take a different approach with a new funding initiative aiming for systems-level change. What does that look like?

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The Queen of Vegas: A Billionaire Giver Focuses on At-Risk Youth and the Arts

The Queen of Vegas: A Billionaire Giver Focuses on At-Risk Youth and the Arts

The Wynn name literally looms above Las Vegas and billionaire Wynn Resorts co-founder Elaine Wynn is one of America’s richest women. Now, well into her 70s, she is stepping up her giving through a foundation that works in several areas.

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Live by the Donor, Die by the Donor: Takeaways From the Demise of a Nonprofit News Outlet

Live by the Donor, Die by the Donor: Takeaways From the Demise of a Nonprofit News Outlet

The shuttering this month of Pacific Standard, an award-winning media site, is particularly alarming because it did everything right. But its fatal weakness is one shared by many other nonprofits: overreliance on a single benefactor.

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In Past Ties Between Leslie Wexner and Jeffrey Epstein, Troubling Questions About Elite Philanthropy

In Past Ties Between Leslie Wexner and Jeffrey Epstein, Troubling Questions About Elite Philanthropy

Jeffrey Epstein is dead, but mysteries remain about his financial ties to business mogul and mega-philanthropist Leslie Wexner, including large transfers between the foundations of the two men. What should other donors learn from this mess?

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As More Donors Retreat Behind a Veil of Secrecy, Prospect Researchers Hit Dead Ends

As More Donors Retreat Behind a Veil of Secrecy, Prospect Researchers Hit Dead Ends

As an increasing number of donors give through donor-advised funds and LLCs, it's becoming harder to identify and cultivate prospects, weakening fundraising operations that raise billions of dollars for nonprofits.

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