The Sandler Way: Where Big Philanthropy Meets the Art of Common Sense – Inside Philanthropy: Fundraising Intelligence

If you hang around the more professionalized precincts of philanthropy—like big name foundations with their armies of Ph.D.s or major consulting firms—the business of giving away large amounts of money can seem awfully complicated. (Hence all those Ph.D.s.)

But if you talk with Herb Sandler, as I did recently, it sounds pretty darn simple.

via The Sandler Way: Where Big Philanthropy Meets the Art of Common Sense – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

How the Silicon Valley Community Foundation is Fighting Predatory Lending – Inside Philanthropy: Fundraising Intelligence

The Silicon Valley Community Foundation sees itself as a catalyst for change and a leader in the community foundation sector, and for good reason. It gives out more grants than any other community foundation in the United States. With more than $6 billion in assets, this philanthropic powerhouse can push hard on new initiatives and set high standards for the rest of the community foundations in the country to aspire to.

One area where SVCF is aiming to do this is in curbing predatory lending, as part of its broader strategy of promoting economic security. SVCF gets that usurious wealth stripping practices can keep low-income households from ever building assets and getting ahead. You can’t build economic security when you’re in the red thanks to outrageous interest charges.

via How the Silicon Valley Community Foundation is Fighting Predatory Lending – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

Billionaire Currency Trader George Soros Warns Against Investing Public Pension Money In Hedge Funds

Here in Rhode Island, the issue of hedge fund investing of pension dollars has been a source of much conflict and concern. Hopefully with so many financial experts now leading our state government (Tom Sgouros, Seth Magaziner, Gina Raimondo, I’m talking to you!) we can make sure that public pension dollars in Rhode Island are invested wisely.

Billionaire Currency Trader George Soros Warns Against Investing Public Pension Money In Hedge Funds.

And a Child Shall Lead: The McKenna Foundation Develops Young Philanthropists – Children | Youth | Grants – Inside Philanthropy

In Winnetka, Illinois, the McKenna family and their friends gather with McKenna Foundation Junior Board Members on Sunday evening. As young adults discuss the pros and cons of different grant applications and learn to develop group consensus, child-led philanthropy is getting a chance to spread its wings and fly. Allowance for Good is the organization teaching communities like Winnetka how to make their children lead philanthropists.

via And a Child Shall Lead: The McKenna Foundation Develops Young Philanthropists – Children | Youth | Grants – Inside Philanthropy.

What is the Knight Foundation’s Vision for Urban Renewal? We Just Got More Hints – Workforce | Labor | Grants – Inside Philanthropy

The Knight Foundation took another step forward in its work to bolster U.S. cities recently, by identifying 126 finalists in its Cities Challenge. All 26 of Knight’s communities of focus for the challenge are represented in the pool of finalists and the winners will divvy up $5 million in funding.

Over 7,000 ideas were submitted for the challenge, coming from public and government organizations, design experts, urban planning organizations, and individual citizens.

via What is the Knight Foundation’s Vision for Urban Renewal? We Just Got More Hints – Workforce | Labor | Grants – Inside Philanthropy.

What Living Cities is Doing With Citi to Push Innovation in Urban America – Workforce Grants – Inside Philanthropy

With $3 million dollars in technical assistance and consulting from the Citi Foundation and Living Cities, three poverty-stricken U.S. cities now have more irons in the fire for improving government and building an inclusive economy.

In case you don’t know Living Cities, it was founded in 1991 and is now backed by 22 foundations and several financial institutions that partner with it “to develop and scale new approaches to dramatically improve the economic well-being of low-income people.” The big names in philanthropy are all behind this place, including Gates, Rockefeller and Ford, and big banks like Bank of America, Citi, and JP Morgan Chase are on board as well.

Living Cities has been around long enough to watch concern about urban poverty move in and out of vogue. These days it is most definitely in vogue. Not only is inequality writ large a hot issue, but there’s a huge amount of excitement about urban renewal and a number of mayors are doing interesting things to help cities create opportunity and stability for low-income people. As well, there’s a lot of energy around making city governments more innovative agents of change, which is crucial for enabling the local public sector to reduce poverty and drive economic growth. Creative programs are happening in many cities, but often in isolation.

via What Living Cities is Doing With Citi to Push Innovation in Urban America – Workforce | Labor | Grants – Inside Philanthropy.

Churches step in with alternative to high-interest, small-dollar lending industry

With all of the problems with predatory loans (and noticing new pawn shops and 5-Minute Loan stores opening up in my city) it’s good to see how churches could get more involved in helping communities with loans. See below:

Churches step in with alternative to high-interest, small-dollar lending industry – The Washington Post.