August 13, 2009 — The James Irvine Foundation has created a fund to help nonprofits restructure for the changed economy.
Called the Fund for Financial Restructuring, it will make grants between $50,000 to $150,000 to up to 15 grantees. Applications for the first round of grants are due August 28. One or two additional rounds of grants will be made in 2010.
The James Irvine Foundation — The current economic downturn has been one of the most severe in U.S. history. It has affected every sector of the economy and has profound implications for nonprofit organizations and those served by them. Many nonprofit organizations, facing declining revenues and increasing need, are considering how best to respond to these unprecedented circumstances and how to most effectively manage through this recession and beyond.
STANFORD, Calif., June 23, 2009 — White House Office of Social Innovation officials gathered today with Silicon Valley philanthropy, business, and nonprofit leaders in a roundtable convened by the Center for Social Innovation at the Stanford Graduate School of Business.
June 17, 2009, The Los Angeles Times — Some time next year, a seeing-eye dog may guide visitors -- even those with no vision problems -- through the galleries of the Hammer Museum in Westwood to a pre-selected painting. In San Francisco, young actors in training may be found rounding up an audience for a play staged in a bar or in the rec room of a juvenile detention facility. Visitors to a museum in Oakland may be asked to tell the curators how they'd like to interact with the art, while in downtown San Diego, they may bump into an artist completing a work in progress.
A new Foundation Center research advisory, "Grantmakers Describe the Impact of the Economic Crisis on Their Giving," examines how foundations expect their 2009 giving to be affected by the economic downturn. The advisory looks at public statements made by more than one-third of the 100 largest U.S. foundations by giving and 35 other foundation and corporate funders that have described their plans, ranging from raising payout rates to reducing administrative costs to cutting programs altogether.
