Walt Disney World, which announced last week that it made more than $32.5 million worth of charitable contributions last year, says it is aiming to give at the same pace this year, even amid the worst economy in a generation.
“Our goal for 2009 is to maintain current levels of charitable giving,” said Eugene Campbell, Disney [...]
A new $5 million program of regional arts giving by PNC Foundation is to be announced today, doubling the foundation’s commitment to the visual and performing arts in the region.
PNC Foundation, the charitable arm of PNC Financial Services, plans to dispense grants of at least $25,000 in an effort to build and engage new audiences, [...]
Corporations and wealthy individuals are donating less to nonprofits, with arts groups taking the biggest hit, according to two new studies. Read more.
The General Motors Foundation has decided to cut its support for metro Detroit’s top cultural institutions, putting Michigan’s nonprofit community on notice that it could lose millions in funding as the auto industry struggles to survive, the Detroit Free Press reports.
In 2007, the most recent year for which figures are available, the foundation awarded nearly [...]
The charitable arms of Fannie Mae and Freddie Mac, formerly the two top givers in the Washington region, got the OK at the close of 2008 to restart charitable giving.
The news breaks a three-month hiatus from most charitable activities while the companies were being reviewed by James Lockhart of the Federal Housing Finance Agency (FHFA), [...]
“JPMorgan Chase & Co. announced that it intends to match in 2009 Washington Mutual’s 2008 level of corporate philanthropy in Washington state, which was $2.6 million.” Read more.
After several years of increases, giving by Minnesota foundations and corporate grantmakers is expected to decline in 2009, a new report from the Minnesota Council on Foundations finds.
Based on a survey of grantmakers representing 70 percent of the grant dollars awarded in 2006, the latest year for which complete data are available, the 2009 Outlook [...]
“‘Omidyar Network, during the next year, will increase its total investments and donations,’ officials at the organization said. The group also will add two new areas of investment and create six new management positions, filling them with executives from companies such as eBay, Hewlett-Packard Co., JPMorgan Chase & Co., and a philanthropic arm of the [...]
“Many of the nation’s largest companies expect their charitable giving to remain flat or decrease this year amid turmoil in the country’s housing and financial markets, according to a new Chronicle survey. Of the 77 businesses that offered predictions for how much they would donate in 2008, 50 said their giving would remain the same [...]
TIMELY ADVICE
The argument that “our organization will go out of business” doesn’t resonate with me. What does resonate is “Our population will not be served.”
— Margaret McKenna, president, Wall Mart Foundation
