2016 In Review
- Giving by the Philanthropy 50, The Chronicle of Philanthropy’s ranking of the Americans who donate the most to charity, totaled $5.6 million in 2016. This is 20% less than 2015 giving which totaled $7 billion.
- Here are the 18 biggest charitable donations of 2016.
- Charitable giving to U.S. colleges and universities increased 1.7% to $41 billion in 2016; lower than the 7.6% increase in giving to colleges in 2015. Harvard University raised the most money at $1.19 billion.
- The endowments of U.S. colleges and universities returned an average of -1.9% net of fees in the fiscal year ending June 30, 2016, the lowest since 2008-2009.
- A report by Oxfam found that eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity.
The Effect of the Current Administration on Philanthropy
- Donations to the A.C.L.U. surged to their highest levels in the organization’s 97-year history after President Trump’s election win.
- The conservative Koch network plans to spend between $300 million and $400 million to influence politics and public policy of the next two years.
- The Nonprofit Quarterly describes the effects the repeal of the Johnson Amendment could have on philanthropy and nonprofit organizations. Here is a quick guide to the Johnson Amendment.
- The Surdna Foundation has announced that it will allocate $100 million of its endowment to impact investing.
- A study from Exponent Philanthropy found that 11% of their nearly 2,000 members engage in impact investing. Exponent Philanthropy members are comprised of foundations with few or no staff.
- The William Penn Foundation has provided a $1.8 million grant to Rutgers’ National Institute for Early Education Research to conduct a three-year evaluation of Philadelphia’s plan to provide free pre-K to all children in the city. Philadelphia is using its “soda tax” to fund the program.
- The Silicon Valley Community Foundation awarded $1.3 billion in grants in 2016. $840 million of the grants were awarded to organizations in the San Francisco Bay Area.
- Former Vice President Joe Biden and his wife Dr. Jill Biden have announced the launch of The Biden Foundation, an organization committed to advancing the rights and opportunities of all people.