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Foundations Facilitate Diversity, Equity, and Inclusion: Partnering with Community and Nonprofits, a new report by the OMG Center for Collaborative Learning, confirms that foundations can, in fact, facilitate diversity, equity, and inclusion (DEI) through their grantmaking processes and their partnerships with nonprofits—and identifies eight specific practices for foundations to emulate.

The report takes a deep dive into the work of nine foundations that represent a diverse cross-section of types and sizes, and offers useful lessons about how foundations can better partner with nonprofits to be more effective in their work.

A corporate member asked for what other corporations do regarding employee’s goal and objectives. Do they include volunteerism or volunteer activities as part of an employee’s review, or their annual goals?

A key objective of the Scaling What Works initiative has been to translate insight and learning from grantmaker intermediaries involved with the Social Innovation Fund and share them with the broader philanthropic community. The fifth guide in the Lessons Learned series presents the benefits and challenges of partnerships between local and national funders, and highlights key considerations for both kinds of funders to foster success in their collaboration.

The National Center for Family Philanthropy and Youth Philanthropy Connect, a program of the Frieda C. Fox Foundation, have joined together to bring new resources to the field of philanthropy focused on engaging the next generation of donors and family members. Igniting the Spark: Creating Effective Next Gen Boards is the first publication of its kind, offering a comprehensive overview of the growing practice among family foundations and donor advised fund holders of using next generation boards.

The issue brief outlines creative options for involving children as young as 8 in family philanthropy.  It is supplemented by case studies of seven foundations using next gen boards and other approaches for engaging youth in philanthropy.  Throughout both resources, the voices of next gen donors describe what works — and what doesn’t — providing family members and staff with guidance and insights new to the field.

Strategic asset allocation is arguably one of the most important, yet least advanced, aspects of investing. The Investment Strategy Group (ISG) in the Goldman Sachs Investment Management Division has developed a new approach to strategic asset allocation, which leverages the idea that long-term investment returns derive from multiple distinct sources called “return-generating factors.” This multi-factor approach is designed to help investors better understand the key sources of long-term return across asset classes and to increase the precision of long-term risk and return estimates. It also provides investors with a new way to think about portfolio diversification, allowing them to focus not only on diversification across asset classes but also
on diversification across the underlying sources of return.

Foundation leaders have a unique opportunity to serve as powerful champions of their missions. Partnering with your grantees can amplify your impact. The following guide is designed to help you start having an honest conversation in the boardroom; a conversation about your foundation’s goals, approach, and, most importantly, vision for the future.