Grantmakers’ role in an economic crisis [News, 10.14]


ECONOMY
– An open letter from the Council on Foundations suggests ways for grantmakers to “step up” in response to a turbulent economy. (10/10)

“In the D.C. area, there is considerable concern that the takeover of Fannie Mae and Freddie Mac could result in an annual reduction of up to $47 million in philanthropic support for programs around child welfare, hunger and homelessness. We know that this was not what was intended and we are hopeful that federal officials will work with local philanthropy and the nonprofit community to rectify the situation.”

– Charities Are Bracing for a Long, Hard Winter (Time, 10/10)

YOUTH DEVELOPMENT
“The Tiger Woods Foundation has expanded its search for a planned East Coast learning center — and one spot under consideration is land adjacent to THEARC in Southeast D.C.’s Congress Heights.” (WBJ, 10/10)

AWARDS
Interstages has been selected as the 2008 Lehrman Foundation Impact Award recipient.

AFFORDABLE HOUSING
In Shaw, an Affordable-Housing Pledge at Risk
(WaPo, 10/12) – A board member of ONE DC calls on DC government to “[honor] its commitment to provide rental housing affordable to families earning below $25,000 and $50,000 per year at Parcel 42.” ONE DC is a neighborhood partner of the Community Development Support Collaborative, a project of Washington Grantmakers.

HEALTH
“DC council has drafted legislation, the Medical Insurance Empowerment Act, to require CareFirst to meet the terms of its federal charter as a “charitable and benevolent” entity … and establish the amount or revenue that the nonprofit company would give to the city for community health benefits.” (WaPo, 10/11)

THE KIDS ARE ALRIGHT
Recent College Grads Forgo Traditional Careers, Money to Start Nonprofits Focused on Outreach (WaPo, 10/14)