Philanthropic practice

Twenty-five rising high school seniors will have paid internships during the summer at local Boston arts and cultural organizations through the Bloomberg Arts Internship. The program seeks to help them develop career skills and gain professional experience in the arts, besides providing students college-readiness preparation.

A piece on the Stanford Social Innovation Review addresses how organizations are examining their work to commit to racial equity within their institutions and impact investing practices.

Participatory grantmaking, according to an article by Inside Philanthropy, is drawing more attention these days if you consider "a growing body research, the Foundation Center’s embrace of the topic embrace of the topic, and heightened interest and field-building support from large institutions like the Ford Foundation and Open Society Foundations."

Launched by the chef and restauranteur Rick Bayless, the Bayless Family Foundation selected three nonprofit Chicago theater companies with issues as the inaugural recipients of its Stepping Stone Grants. The $150,000 grant, as Nonprofit Quarterly reported, is intended to help the theaters overcome financial barriers to their growth and stability and help them achieve their artistic and administrative growth.

Grantmakers in the Arts is delighted to share this year’s “Foundation Grants to Arts and Culture, 2016.” In their analysis, Candid (formerly Foundation Center) has included both grants made by foundations directly supporting culture through arts portfolios and grants in support of culture through Grantmakers in the Arts is grateful to amplify the work of other grantmakers – in such fields as education, community and economic development, climate justice, and information and communications – who also see the value of arts and culture as part of their work. This arts funding at the intersection approach is one which GIA recognizes culture as essential to all social change within the larger social sector.

Women of color face systemic obstacles to their advancement over and above the barriers faced by white women and men of color, according to a new report by the Building Movement Project.

A recent piece in the Harvard Business Review states that as investors are eager to generate both business and social returns, one avenue has been impact investing or "directing capital to ventures that are expected to yield social and environmental benefits as well as profits."

Resonance: A Framework for Philanthropic Transformation is a guide that, according to the announcement, seeks to inspire institutions to redistribute wealth, democratize power, and shift economic control to communities.

"One thing that is really important to building community and creating systems change is developing space that builds agency and power,” says Sage Crump, program specialist for the National Performance Network (NPN)'s initiative Leveraging a Network of Equity (LANE) in an article that addresses advancing systems change, transformative justice, and shifting power to achieve a justice ecosystem.

Funders supporting legacy institutions that use the arts to address social challenges and promote access across historically underserved populations is the topic of an article last year addressing the partnership between the William R. Kenan, Jr. Charitable Trust and New York City organizations to explore how arts organizations can better serve diverse communities.