06.20.13: U.S. News Bits
The National FFA Foundation receives endowment; Grantmakers for Education names new executive director; Foundation Source selects new director, Feed The Children hires new staff members; Janet Mock joins Arcus Foundation’s Board of Directors; Community Philanthropy publication is released; Association Forum of Chicagoland seeks 40 under 40 nominations; HuTerra.com offers free nonprofit services, and more.
Foundation Source report presents findings about the 98% “super-majority” of U.S. private foundations in 2012
Foundation Source reports shows that increased grantmaking, strong investment returns, and contributions from living donors create a ‘new narrative’ about private foundation behavior.
Smaller funders give bigger share of assets
Small to mid-size private foundations give more than twice the amount they are required to distribute, and the smallest foundations give away significantly more, new research shows.
Wachovia’s McGlaughon moves to tech firm
After more than five years as chief philanthropic officer at Wachovia, H. King McGlaughon has stepped down to become CEO of Foundation Source, a Connecticut company that provides private foundations with advisory services and web-based administration and grantmaking.
Grants up at small and mid-size funders
The number of grants by those foundations grew 8.7 percent, while the value of those grants grew 17.8 percent, new data show.
Small, mid-sized funders step up
To meet the needs of nonprofits during the recession, most small and mid-sized private foundations spent more on charitable efforts than required last year, a report says.
Smaller funders gave more in 2009
Giving by small and medium-size foundations led by individuals and families grew 15 percent in 2009, a new analysis says.