 Headlines
President Clinton Announces $100 Million in Corporate Efforts to Bridge Digital Divide
Freedom Forum Commits $5 Million to Help Attract Minorities to Careers in Journalism
Knight Foundation Announces Major Grants to Improve Journalism
Charitable Efforts Honored During National Volunteer Week
Treasury Department Publishes New Regulations on Charitable Tax Shelters
House Passes Bill Containing Charitable Choice Provision
Cable Entrepreneur Gives $35 Million to Pennsylvania Boarding School
Tech Investor Offers Capital In Return for Pledge to Nonprofits
Z. Smith Reynolds Foundation to Fund Race Relations Projects in North Carolina
Saint Paul Foundation Seeks New Donors for Diversity Funds
MacArthur Foundation Awards Grants to Media Centers for Community-Based Projects
Benton Foundation Report Finds Commercial Broadcasters Failing to Meet Community Needs
Freedom Forum Study Finds Newsrooms Lacking In Diversity
Knight Foundation Announces New Round of Journalism Grants
National Film Preservation Foundation Awards Grants to Film Archives
National Endowment for the Humanities Announces $30.5 Million in New Grants
Pacific Life Insurance Company Awards Grants for Nonprofit Staff Positions
ExxonMobil Foundation Supports Expansion of Science Teaching Initiative
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PHILANTHROPY NEWS DIGEST
The Saint Paul Foundation launched its Diversity Endowment Funds program eight years ago with a $1 million grant from the Katherine B. Andersen Fund. The program works to "remove institutional barriers" that prevent people of color from participating in charitable giving. The initiative conprises a common fund plus four community-specific funds: the Asian-Pacific Endowment for Community Development; the Pan African Community Endowment; El Fondo de Neustra Comunidad; and the Two Feathers Fund.
Last year, the combined endowment of the four funds rose 13 percent, from $5.5 million to $6.2 million, and generated 84 grants totaling some $275,000, bringing the funds' total giving to nearly $1 million.The grants awarded by the funds are relatively small, ranging between $500 and $10,000, but are targeted to meet critical needs that might otherwise go unmet.
Norman Harrington, director of development for the diversity funds, notes that each of the communities benefiting from a fund has contrasting cultures, with different traditions and belief systems.
Ricardo A. Millett, director of the philanthropic and volunteerism program at the Kellogg Foundation, says the Saint Paul Foundation got the Kellogg grant because it organized a common fund and four semi-autonomous funds to work together. Separate committees oversee fundraising and grantmaking at each of the four funds.
"Saint Paul's approach is unique among all of our grantees," says Millett. "It's the only grantee in our mix that has attempted to develop a fund embracing all four communities."
FCnote: The Saint Paul Foundation, Inc. had assets of $497,387,279 and made grants totaling $22,183,846 in the year ending 12/31/98.
FCnote: The W. K. Kellogg Foundation (MI) had assets of $6,387,840,996 and made grants totaling $202,919,594 in the fiscal year ending 8/31/99.
Beal, Dave. "Foundation Goal: More Giving From People of Color." St. Paul Pioneer Press 4/9/2000.
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