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Kataly Foundation and Bank of America Commit $84 Million for Community-Development Fund

The Chronicle of Philanthropy

Prest Getty Images A commitment by Kataly Foundation and Bank of America is supporting the Inclusiv Impact Deposits Fund to enable $100 million in lending through community-development credit unions.

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U. of Chicago Receives $75 Million for the AbbVie Foundation Cancer Pavilion

The Chronicle of Philanthropy

Prest University of Chicago Medicine A rendering of the AbbVie Foundation Cancer Pavilion, expected to open in 2027 following the foundation’s $75 million gift to the University of Chicago.

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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

Image Credit: Charlota Blunarova on unsplash.com Private foundations are best known for their grantmaking. However, each year, foundations nationwide invest hundreds of billions, often with the simple goal of maximizing financial returns to fund future grants. At the most basic level, a guarantee is akin to automobile insurance.

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Helping Movements Meet the Moment: What Philanthropy Can and Must Do

NonProfit Quarterly

As community power builders and social movement organizers engage in vibrant debates on how to address the immediate expressions and root causes of these multiple crises, social justice funders should take their own hard look at why the problems they have sought to address persist in such an exacerbated form. Their main finding?

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Deepening Impact Through Relational Philanthropy

Stanford Social Innovation Review

We put forward three recommendations to help realize this goal of “ relational philanthropy ”: 1) commitment to fostering meaningful relationships centered on “we” vs “us/them”; 2) instituting practices that promote shared learning and continuous improvement; and 3) developing a standard of conduct for philanthropy.

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Supporting Native communities is about listening and relationships

Candid

The Northwest Area Foundation has been a longtime funder of Native communities. We’ve come to understand that Native communities need to determine their own futures, not funders. Or you could attend a convening or a conference hosted by Native Americans in Philanthropy. Native communities view prosperity differently.

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Nonprofits Need Equity Too: The Case for Providing “Enterprise Capital”

NonProfit Quarterly

Despite a growing movement toward trust-based philanthropy , the majority of foundations continue to provide grants that are project-specific and time-limited. With a proven track record of impact in this area, Working Credit set a goal of expanding its services nationwide and bolstering its programming in target communities.