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PHILANTHROPY NEWS DIGEST
Vol. 6,
Issue 15
April 11, 2000
Pacific Life Insurance Company Awards Grants for Nonprofit Staff Positions
The Pacific Life Insurance Company of Newport Beach, California, has announced that its foundation, the Pacific Life Foundation, is awarding more than $1 million to 15 local charities, to be used specifically by the organizations to hire a volunteer coordinator or director of development. The foundation has identified the positions as the two most important capacity-building staff positions, in terms of future growth and viability, within nonprofit organizations.
The goal of the program, entitled the "Nonprofit Capacity-Building" program, is to support nonprofit agencies with targeted grants that help them build capacity in order to better serve the community. The grants will be used to fund a volunteer coordinator or director of development position for a two-year period, but are reduced by half in the second year in order to
encourage the recipient nonprofits to secure other sources of funding for the new positions.
FCnote: The Pacific Life Foundation (CA) had assets of $33,079,282 and made grants totaling $1,820,000 in the year ending 12/31/98.
"Pacific Life Foundation Gives $1 Million to Charities for New Grant Program; Total Donations in 2000 Will be Over $3
Million." Business Wire 4/10/2000.
FC003302
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