The Community Foundation for Southeastern Michigan is working to strengthen the nonprofit sector by expanding philanthropy in the region, an effort it says is paying off.
Through a new initiative, “Increasing Regional Philanthropy: Everyone Can Be a Philanthropist,” the Detroit foundation says it is seeing progress in establishing endowments in support of local nonprofits.
In addition to encouraging endowment funding, the foundation is broadening its services to donors and local charities and is targeting the public through education and outreach.
To encourage new endowments, the foundation is providing $5.4 million to match new gifts of $1,000 or more at the rate of $1 for every $2 donated, an initiative that has generated $1.5 million in matching dollars since it was launched this summer.
To date, 38 nonprofit agencies have started matching-gift programs to drive donations to their respective endowment funds at the foundation.