By Kris Putnam-Walkerly, The Chronicle of Philanthropy, April 26, 2021
Long before the pandemic hit, it was clear philanthropy needed an overhaul. But the health and economic crisis, combined with a national racial reckoning, forced grant makers’ hands. Foundations largely rose to the challenge by speeding up their grant making, increasing flexibility, and reducing funding restrictions.
But now it appears those changes may be shortlived. In the most recent of its Foundations Respond to Crisisreports, the Center for Effective Philanthropy found that “most foundations do not plan to undertake these new practices in the future to the degree they are doing so now.”
How can that be during a time when people in and outside of philanthropy are speaking up every day about the need for such changes? Why wouldn’t foundations lean into this progress?
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