Category Archives: foundation

Major Donors Become Growing Force in China

This blog post from the Philanthropy Today reports of a newer development in China’s philanthropy:

Major Donors Become Growing Force in China

Li Ka-shing, Asia’s wealthiest man, is giving a big chunk of his fortune to charity and leading a major change in how philanthropy is conducted in China, reports The Wall Street Journal.

While the Communist party has traditionally clamped down on privately financed institutions as a threat to its own power, and family values tend to dictate that money be given away quietly or kept within the family unit, the recent efforts of Mr. Li and other Chinese philanthropists may signal that times are changing.

Last year Mr. Li announced that he would give roughly $10-billion to his Li Ka Shing Foundation, an amount that rivals many of the wealthiest American foundations.

His announcement seems to have spurred other wealthy people to undertake philanthropic endeavors as part of a growing recognition in Asia of the gap between rich and poor.

Also see the Chronicles of Philanthropy’s article, Building a Spirit of Generosity: China’s biggest donor has many admirers — and critics; and, the Wall Street Journal article, The Revolution of Chairman Li: China’s Richest Man Leads Others to Give, Bucking Nation’s Taboos.

Advertisements

learn about grants next week

This is a free informational meeting to learn more about how to apply for a matching grant if your church (or you know of a church that) is doing a project in outreach, mentoring, or economic development.

MUSTARD SEED FDN @ HARAMBEE (directions)
THURSDAY, OCT. 25 @ 2:00PM

The Mustard Seed Foundation will hold a meeting at Harambee Ministries on how to successfully apply for funds from their foundation. MSF gives only to churches and only gives matching grants. Brian Bakke of MSF will be on hand, and highly suggests that at least two people from interested churches attend. Please RSVP by emailing rsvp@harambee.org or calling 626-798-7431.

Message from Brian Bakke:

We have seen God bless the funding of the MSF over the past two years, and this year the MSF has paid 760 projects around the world. We are on a pace to pay out about 1,000 projects this year, including over $5 million in matching grants to local churches, and over $3 million in scholarships. That blessing has left us with a big problem. We have lots of money to give away. This has led to another problem. Few LA churches have asked the MSF for it!

This year the MSF has awarded grants to LA churches that have ranged between $4,000 and $42,000 and everything in between. Each of these churches that received a grant from the MSF wrote an application telling us what they wanted to do and how they wanted MSF to match the cash giving of their church to start or expand a specific project. … you can access MSF funding for a new or expanded outreach, mentoring, or economic development project.

Read more information about this event >>

L2 Foundation’s first 7 years

L2 Foundation is a private foundation that seeks to develop the leadership and legacy of Asian Americans by providing support and resources. L2 Foundation serves ministry and professional leaders, empowering them to fulfill God’s calling.

  1. bless & affirm & encourage & empower the next generation Asian Americans
  2. connecting Asian American leaders for innovation and healthy leadership development
  3. connecting & mobilizing Asian American legacy partners to invest in the next generation Asian Americans

These are all wonderful words that describe the exciting vision of L2 Foundation to invest in the next generation, also known as English-speaking 2nd generation. There is so much potential in this next generation, and our role is to discern the appropriate strategic initiatives that can make a greater impact to benefit many people. Often I’ve explained this at a 10,000-foot view, and I thought it’d be helpful to provide a historical review to show you what that actually looks like. Click on the green “play” button below for a pictorial history of L2’s first seven years.

You may also view the video of the founders Paul & Alice Chou to get an inside look at why they started L2 Foundation and the Triangle Youth Fellowship.

Asian American Philanthropy lagging its population growth

There is a growing need for funding to serve Asian Americans and Pacific Islanders, not only by the largest U.S. foundations, but also by Asian Americans themselves. (With Asian Americans on the whole having the highest graduation rates in education and highest median household income, this suggests that Asian Americans do have a lot to contribute.)

New Report Shows Key Gaps in Funding for Asian Americans and Pacific Islanders::

The giving trends of the top U.S. foundations to Asian American and Pacific Islander (AAPI) communities has not kept pace with the growth of these communities or of foundation assets, according to a new report released on June 21, 2007 by Asian Americans/Pacific Islanders in Philanthropy (AAPIP). The report, Growing Opportunities, looks at the country’s top 20 national foundations’ grantmaking between 1990 and 2002 and finds significant funding disparities to AAPI communities in several areas. The report concludes with a call to action to the philanthropy field to reduce these gaps.

Read the full report, Growing Opportunities: Will Funding Follow the Rise in Foundation Assets and Growth of AAPI Populations? [ht: ISAAC community bulletin board]

cf. The Chronicle of Philanthropy mentioned about this report in their article Foundation Support Stagnates for Asian-American Causes

smaller foundations make big impact

Foundation trend: Less is more

March 12, 2007
by Frank Sietzen for The Examiner

WASHINGTON – In the nonprofit sector, size does matter. There are an estimated 60,000 small foundations in the United States, most with a handful of employees and all-volunteer boards. Yet they account for half of the money distributed each year by all foundations. What makes these smaller groups different is their focus. While larger organizations tend to address broader issues, their more petite counterparts aim much closer to home, focusing on community giving targeted directly at local needs.

Though large and small have their place in the nonprofit sector, smaller foundations are effecting change greater than their size and numbers suggest. It is the smaller, often family foundations that many believe are the wave of philanthropy’s future.

“We tend to be less bureaucratic, and as a result can respond more quickly to local needs,” Carl M. Freeman Foundation Executive Director Cheryl C. Kagan said. Kagan told The Examiner their grant-making process was aimed directly at smaller local nonprofits. The application could be downloaded from their Web site and consists of a two-page form that can be filled out in a short time.

“We’ve made it a do-it-yourself process,” Kagan said. Her foundation, which has created a special category of small grants in the $500 to $2,000 range, tries to help community groups with such things as uniforms and funding for one-time events. “We can’t answer hundreds of phone calls [to apply for help], so we make it easy for the local applicant,” she added.

Another small group also working close to home is the Community Foundation for the National Capital Region. Based in D.C., the group helps parents in the region become more involved in their children’s education and advocate for tangible improvements in their schools, said spokesperson Ben Glenn. This included helping teachers raise test scores, purchasing classroom supplies and even repairing school buildings.

Some 3,000 small foundations have banded together to form of the Association of Small Foundations, a D.C.-based association that addresses their needs. Their members often have no more than two people as staff, and half of them operate with volunteers alone. As for assets, about 250 of ASF’s members have over $50 million in assets — but the average size is $18 million, and half have under $7 million. But their numbers are growing. When the organization began 11 years ago, it had less than 60 members. By 1998, that number had swelled to 1,379, and has since more than doubled to 3,200, adding about 300 new small foundations every year. It is now the largest association of grant-making nonprofits in the United States.

“Our members tend to be givers who have made a long-term commitment to help their local communities,” ASF CEO Timothy Walter said. “They can be more constant supporters of nonprofits in their areas, because these donors are usually people who are highly visible in their communities.

“They have both feet in the water,” Walter said, and usually both live and work where they have identified a need that their foundation tries to fill.

Copyright 2006, Examiner.com. All Rights Reserved.