Corporate Philanthropy Update - July 2018
This year, the Council has embarked on a body of work that elevates the collaborative ability of foundations, nonprofits and city municipalities to create social change. The Inclusive Economic Prosperity series, which launched in May 2018 in South Carolina, has already engaged more than 130 leaders in conversations around the role foundations can play in economic development. This series explores who really benefits from philanthropic investments and how philanthropic dollars can drive equitable outcomes through innovative grantmaking, public-private partnerships, and impact investing.
Many corporate foundations already participate in the philanthropic work that falls under this umbrella, given your commitment to issue areas like workforce development and economic empowerment. For example, we see this in Principal Financial Group’s commitment to creating jobs through their involvement in the place-based initiative Future Ready Iowa Alliance or Unilever and Sundial’s recent announcement of $100 Million for their New Voices Fund to support women entrepreneurs of color.
Our May event in South Carolina was co-hosted by corporate leaders BMW, Milliken and Wells Fargo, and we heard from former Microsoft CEO Steve Ballmer on navigating the economic ladder.
Join us next month for our convening on August 28th and 29th in Minneapolis, as we explore how to build regional economic innovation ecosystems with experts including Jeff Hoffman, Managing Partner, Legend 52 and serial entrepreneur from Priceline.com and uBid.com; and Dr. Jamie Bracey, Director at the Center for Inclusive Competitiveness at Temple University.
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Lindsay Mason and Kathleen Brennan of Delta Dental of California |
I had the awesome opportunity to meet with our member, Kathleen Brennan of Delta Dental of California, while she visited DC for meetings this week. If you are traveling to DC or will be in Minneapolis or Atlanta within the next month, please let me know. I’d love to connect in person.
Where is Lindsay?
- Minneapolis, MN, August 27-29, Inclusive Economic Prosperity Event
- Atlanta, GA, September 11-13
I always love hearing about the interesting work you’re doing. If you’re interested in sharing a blog about your work, a recent report or press release about your companies' latest charitable giving initiative, what you’re learning, or any thought-provoking questions, feel free to contact me.
Best,
Lindsay Mason
Best,
Lindsay Mason
Director, Corporate Philanthropy
703-879-0735
Lindsay.Mason@cof.org
Congratulations to Anthem Foundation for receiving the 2018 HUD Secretary’s Award for Public-Philanthropic Partnerships
The awards, presented to honorees by HUD Secretary Ben Carson at a special ceremony at the HUD headquarters, recognize exemplary partnerships between foundations and government that have been critical in transforming communities and improving lives.
Read more about Anthem's work in their recent blog post.
Upcoming Webinar:
How Do U.S. Foundations Support Global Programs & Partners
8/14 | Webinar
Free for Council members
Did you know that grants by the Bill & Melinda Gates Foundation account for almost 50% of all international grants awarded by U.S. foundations? Or that between 2011 and 2015, only 12% of funds went directly to local organizations without first flowing through an intermediary?
Join us on Tuesday, August 14th to hear about the findings our new report, The State of Global Grantmaking by U.S. Foundations, as we discuss how U.S. foundations currently engage with grantees globally and what these trends mean for grantees and our sector.
Past Webinar:
Our Nation's Giving Trends: What Does the Giving USA Report Mean for Foundations?
Charitable giving surged to $410 billion in 2017, the highest ever, according to the latest Giving USA report. But what do the numbers mean for foundations?
Disaster Relief: The Council and FEMA
On July 9th, the Council announced a new partnership with the Federal Emergency Management Agency (FEMA) to allow for increased knowledge sharing around disaster response and relief. This collaboration will allow for increased efficiency and coordination of disaster relief efforts. The Council serves as a resource for philanthropic organizations during disasters as well as a liaison to much-needed government resources.
"We’ve seen how powerful it can be when philanthropy and the government work together, and we’re excited to partner with FEMA to improve our efforts," said Stephanie Powers, Council vice president of policy and partnerships. "We have seen too many communities struggle to rebuild after a hurricane or flood while organizations unknowingly duplicate efforts. Through collaboration and consistent communications, we can best aid these communities during the ongoing recovery duration.”
Corporate Philanthropy News:
The Business of Societal Relevance – The president of the PwC Charitable Foundation reflects on how CSR is essential to a company’s business model, via Stanford Social Innovation Review
$100 Million Fund for Women Entrepreneurs of Color Launched – ESSENCE Ventures partners with the New Voices Fund to invest $100 million to empower women entrepreneurs of color, via Philanthropy News Digest
Puerto Rico Is Rarely on Philanthropy’s Radar. Could a New Plan Change That? – Funders meet to discuss disaster relief efforts in Puerto Rico, via Chronicle of Philanthropy
Some Top Funders Back a Controversial Way to Fight Climate Change – Major foundations back tax credit legislation for certain forms of carbon capture and storage, via Inside Philanthropy
Register Now:
Endowments & Finance Summit 2018
September 6-7 | Washington, DC
The Council’s 4th Annual #EFSummit is where the top minds in philanthropy, finance, and academia converge to discuss and debate investment trends and strategies—and create competitive advantage in the marketplace. Focus areas include impact investing, endowment performance, public policy changes and impact, new technology, capital deployment, manager diversity, and more.
