Smaller Foundations Take Bolder Actions
Last week’s announcement follows in the footsteps of a growing number of smaller foundations increasing payout, in many cases much more dramatically than their larger peers.
The Solidaire Network, a group of progressive social justice funders…has seen many member foundations and individual donors increase their giving lately, with some raising distributions to 10% or even 20%, said Rajasvini Bhansali, the group’s executive director.
“The fact that philanthropy is moving money in this moment is critical, and more is needed to make possible black liberation and overall transformation for a generation,” she said.“Inside the Foundation Payout Debate: How Crisis and Opportunity Are Forcing Change” by Michael Kavate, Inside Philanthropy / June 19, 2020
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