– A New Tool for Venture Philanthropists to help measure social impact. (NYTimes, 9/25) – “enables foundations to track financial metrics; operational metrics… and social metrics, such as the number of children impacted by a non-profit’s work. It uses a standard set of benchmarks…developed by the Aspen Institute’s Network of Development Entrepreneurs. Organizations can also add their own metrics to the program.” … “Acumen’s tool will allow foundations to see data from other grantmakers.” Learn more.
– Wall Street’s woes worry charities, arts groups (AP, 9/26) – “Fannie Mae and Freddie Mac had been major philanthropic powers in the Washington, D.C. area. Freddie Mac’s foundation, for example, had given $348 million since 1991…” “A Freddie Mac spokeswoman said that review [of charitable activities] is not yet complete.”
–Billanthropy squared (Economist, 9/25)
New Effort Aims to Test Theories of Education (NYTimes, 9/24) – Backed by the Broad Foundation, founded by the billionaire philanthropist Eli Broad, and other private groups, the research is intended to infuse education with the data-driven approach that is common in science and business…”
Md. – Gov. O’Malley Warns Of Budget Cuts (WaPo, 9/26) – “a wide variety of state services are on the table, including health care…”
As Shelter’s Closing Nears, a Traffic-Halting March (WaPo, 9/26) – A lawyer for Washington Legal Clinic for the Homeless says: “Right now, [Mayor Fenty] is not technically breaking the law, but he’s violating the intent of the council.”
Coca-Cola gives grant to support community trails in D.C. (WBJ, 9/25)