Another Foundation Doubles its Grants Budget, Another Call for Philanthropy to Step Up
Early in the COVID response, a group now reaching nearly 500 foundations pledged to stop conducting business as usual with their grantees, who have been faced with profound challenges of crisis and opportunity. Over the past three weeks, echoing a call to action originally made by Vu Le, NPQ has been urging philanthropy to step up to the times by doubling their payout rates. That call is now attracting more voices—both among funders, who have put their money on the strategy, and from organizations that support or advise philanthropy in some way. Click to read more.