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Grantmakers occupy a powerful space of privilege in the social change sector. As such, they have a unique opportunity—and responsibility—to work proactively toward equity and inclusivity. Increasingly, grantmaking institutions are challenging themselves to live their values through their grantmaking practices.
For philanthropy to advance equity in all communities, especially low-income communities and communities of color, it needs to be able to understand the demographics of the organizations being funded (and declined), the people being served, and the communities impacted. That data should be used to assess practices and drive decision making.
PEAK Grantmaking is working to better understand and build the capacity of grantmakers for collecting and utilizing demographic data as part of their grantmaking.
“A Time for Action: Mobilizing Philanthropic Support for Boys and Young Men of Color” lays out a vision and a bold plan of action to maximize the potential of philanthropy and the private sector to increase opportunity for boys and young men of color that benefits the entire country. While it focuses on systems, policies, and practices that profoundly shape the lives of our sons and brothers, the recommended actions also help to create the conditions for all children and young adults to thrive, regardless of race, ethnicity or gender. The plan is bolstered by $194 million in initial investments in key initiatives, including for example programs to enhance school learning environments and reduce the overrepresentation of young people in the justice system.
In the past few years, training programs promising on-ramps to high-paying tech jobs have sprung up across the country, drawing attention from the media, government leaders, and the general public. The rapid growth of these new models for tech training – often designed to fill the projected growth in information and communication technology (ICT) jobs – raises questions about how best to classify and understand these programs and their role and value in workforce development more generally.
This report examines the reasons for the tech training hype and proposes a taxonomy of training programs, cataloging best practices from each program type. The report also identifies challenges that organizations, employers, and the government will need to address to ensure these expanding programs accurately meet market demand and look to the future of tech training more generally.
Wells Fargo is donating $300,000 from the Wells Fargo Foundation to support three organizations providing urgent relief in Puerto Rico following Hurricane Fiona. The funding to the Hispanic Federation, SBP, and World Central Kitchen will focus on necessities like meals and supplies as well as resources for rebuilding efforts.
"We understand the urgency when natural disasters hit – especially in Puerto Rico, where communities are still recovering from Hurricane Maria," said Otis Rolley, president of the Wells Fargo Foundation and head of Philanthropy and Community Impact. "At times like this, our company supports the resilience of Puerto Rico and is quickly deploying resources to help meet the many needs unfolding in the aftermath of this storm."
OceanFirst Foundation, Toms River, has awarded $718,900 in grants to 104 New Jersey and Philadelphia nonprofits. Organizations will receive General Operating/Flexible Support Grants to help them meet organizational needs. Services include, but are not limited to, healthcare, crisis assistance, emergency response, homelessness prevention, hunger and poverty fighting programs, and job readiness services.
“Our partners are passionate about serving our neighbors, and we’re proud to present them with General Operating/Flexible Support Grants as we work together to uplift our communities,” shared Katherine Durante, executive director, OceanFirst Foundation. “Through unrestricted funding, our partners have the flexibility to adapt to evolving community needs. We are committed to empowering nonprofits and providing resources to neighborhoods served by OceanFirst Bank. I am confident that this year’s incredible grantees will make a positive and long-lasting impact.”