September 28, 2011

The Cultural Data Project: An Effective Tool for Arts Funders


By Neville Vakharia

All funders want reliable data from their applicants so they can make informed decisions about their investments. In the arts and cultural world, foundations in 11 states are using an effective system to do just that: the Cultural Data Project (CDP) operated by The Pew Charitable Trusts.
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Cleveland Foundation Awards $8.8 Million in Grants; Medical Research Gets Biggest Chunk

The Plain Dealer

By Margaret Bernstein

The Cleveland Foundation has awarded $8.8 million in third-quarter grants, with the biggest chunk going to an unusual purpose. The foundation’s board of directors approved $1.5 million for cutting-edge research into cells and membranes at the Case Western Reserve University School of Medicine, although such funding normally comes from specialized sources such as the National Institutes of Health.
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Family Office Management of Private Foundation Funds

Trusts & Estates

By Eric L. Johnson and Ryan E. Thomas

Private foundations (PFs) remain popular because wealthy donors often want to maintain control over donated assets. In a similar vein, many wealthy families form family offices to provide greater control and oversight over their financial affairs. More substantial family offices typically provide investment management oversight to various family members, trusts and other entities established by the family. As such, it’s natural for these family offices to consider extending investment management services to the family’s PF.
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Bill Clinton Leverages Contacts and Genius to Garner $6.5 Billion

Nonprofit Quarterly

By Rick Cohen

One thing that was obvious about the Clinton Global Initiative (CGI) annual confab in New York City last week is that former president Bill Clinton really knows how to pull in the financial commitments from corporate and philanthropic players. Whether you liked or disliked Clinton’s performance while in office, there’s no question that he has mastered the art of harnessing private-sector muscle—in the form of dollars, publicity, credibility—behind CGI priorities.
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Social Good Summit: Digital Philanthropy Grows Up

Media Shift

By Anne Nelson

The second Social Good Summit, mounted by Mashable, 92nd Street Y and the United Nations Foundation with support from Swedish mobile phone giant Ericsson is, in Mashable’s words, a chance for “the most innovative technologists, influential minds and passionate activists [to come together] with one shared goal: to unlock the potential of new media and technology to make the world a better place.”
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Mission-Related Investing: A Cautionary Tale

Alliance Magazine

By David Jacobs

Always eager to find ways to leverage their assets while advancing their organizational mission, foundations increasingly are turning to a new tool in the grantmaking toolbox: mission-related investments (MRIs) – i.e., investing a portion of their assets to achieve both financial and social gains.
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