Nonprofit foundations turn to debt during pandemic to meet rising need
Nine grant makers that have issued a total of $3 billion in debt since June to cover increases in their grant making
Stay updated with breaking news from Skillman Foundation. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Nine grant makers that have issued a total of $3 billion in debt since June to cover increases in their grant making
Foundations turn to bond market in response to rising need Alex Daniels Of The Chronicle Of Philanthropy Associated Press Tags: Copyright 2021 The Associated Press. All rights reserved. The Ford Foundation Building is seen in New York, Friday, Feb. 19, 2021. The foundation is one of nine grant makers that have issued a total of $3 billion in debt since June to cover increases in their grant making. (AP Photo/Seth Wenig) As the pandemic’s misery continued last fall, foundation leaders like Robert Ross of the California Endowment discovered a way to pump hundreds of millions of dollars to n...
Tonya Allen becomes the fifth president of the McKnight Foundation on March 1. In a recent interview, she discussed how she’ll approach her McKnight leadership position.
Hour Detroit Magazine February 15, 2021 Museums across the country and here in our own backyard are working to rebound in 2021 after in-person attendance — and budgets — withered last year. It will pose a tricky challenge for those at the helm. The six women profiled here are part of a national trend: More women than ever hold executive roles at museums, according to a survey released in 2018 by the Andrew W. Mellon Foundation. But diversity is stagnant. The number of people of color in similar positions grew from just 11 percent to 12 percent between 2015 and 2018, when data was most rec...
Even with new connected devices, almost a third of Detroit schools' students are missing Mark Houston DTE Energy Co. volunteers Joanne Taylor (left) and Yolanda Shaw (center) train with Chanita Hill, DPSCD IT Field Service Specialist to help Detroit Public Schools Community District students in picking up their new computer tablets at Cass Technical High School in Detroit. With Detroit public schools returned to full online learning, an average of 30 percent of students are still not "attending." As a second coronavirus wave hits Michigan, Detroit Public Schools Community District is leanin...