If you make lots and lots of smaller gifts, as most foundations still do, everyone appreciates it-and who in the end will be able to tell success from failure? If MacArthur bets its $100 million wrong, people are probably going to notice. Now, this evolving world of big bets on social change-the audacity of folks like MacArthur and Blue Meridian to truly go big-comes with loads of risk. Gifts of this size for social change, even if there are only a handful of them, could change the way the greatest nonprofit leaders think about what resources are available to their organizations. One notable exception is a funder collaborative called Blue Meridian, which announced in February its plan to invest at least $1 billion in high-performing US nonprofits working for disadvantaged children and youth, with some organizations expected to receive $100-$200 million in support. But the great majority of those gifts-all but two-went to universities, medical centers or cultural institutions. The Chronicle of Philanthropy identified 19 gifts of $100 million or more in 2015. $100 million gifts are actually not shockingly rare. There are three reasons why the new MacArthur competition is unprecedented. This is a “Wow!” moment in US philanthropy.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |