October 30, 2009

Community group, Gates Foundation team up to grant $150K

Yakima Herald-Republic (Yakima, Wash.)

By Erin Snelgrove
Through a partnership between the Yakima Valley Community Foundation and the Bill & Melinda Gates Foundation, $150,000 in grants will be awarded to regional nonprofits by Jan. 1.

The funding will be used to help prevent gang violence and strengthen food distribution systems.

"This is a huge blessing to the Valley at this time," said John Colgan, president of Yakima Valley Community Foundation. "People are suffering." Read full text.

12-Year Philanthropic Partnership Leads to Tough-Love Advice Book

The Chronicle of Philanthropy (subscription required)

By Ian Wilhelm
When Charles R. Bronfman met Jeffrey R. Solomon, the two men didn’t hit it off immediately.

Mr. Bronfman, who was searching for a person to lead his foundations, found Mr. Solomon an imposing figure with a "Beefeater’s beard." "I thought he was too elegant and serious," says the 78-year-old billionaire. Read full text.

$6 Million Initiative to Bolster Los Angeles Nonprofits

PNN Online

Nonprofit Finance Fund (NFF), a national leader helping nonprofits strengthen their financial health, today announced that it is working with the California Community Foundation and the Bank of America Charitable Foundation to launch a new "Nonprofit Sustainability and Effectiveness Initiative" in Los Angeles. This initiative provides local nonprofits facing financial challenges with working capital loans and financial consulting services.

This will be an unprecedented collaboration among Southern California’s largest foundations to address the root causes of financial hardship among nonprofit organizations. Ultimately, this will ensure that critical community needs are met by a nonprofit sector facing record demands due to the economic crisis. Read full text.

Fri, October 30 2009 » Other