Two major philanthropic organizations form strategic alliance [News, 10.7]


Alliance: the Council on Foundations and the Forum of Regional Associations of Grantmakers (10/6) … “the Forum will move its offices to co-locate with the Council” … “work together to design and deliver a comprehensive education system to meet the learning needs of their members and other donors” … “eliminates competitive and overlapping offerings” …

HOMELESSNESS
Barry Challenges Fenty, Calls for Downtown Shelter for Homeless (WaPo, 10/7)

ECONOMY
LISC: CRA Not to Blame for Economic Crisis (wire, 10/6) – ‘Contrary to what its critics assert, the [30-year old] Community Reinvestment Act (CRA) does not compel banks to lend to poor borrowers who have little ability to pay back those loans. CRA actually requires that lending must be safe and sound.” 

UGH
Nonprofit Returns $500,000 After Audit (WaPo, 10/7) – on the importance of internal financial controls

CHILD WELFARE
D.C. Child Agency Agrees to Conditions (WaPo, 10/7) – Children’s Rights: “With this agreement, the District has finally recognized its desperate need for help in putting its child welfare system back on track.”

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@WG:

Oct. 14:
Northern Virginia Funders’ Luncheon