Tag: giving report

“Our Region, Our Giving 2018” looks at WRAG member philanthropy in the region last year

Overview
In the latest edition of the Washington Regional Association of Grantmakers’ Our Region, Our Giving report, we take a look at WRAG member giving in the Greater Washington region in 2017. Over the course of this past summer, we collected data from our members on their grantmaking in the region, their “beyond dollars” giving, and other practices. This snapshot of our membership’s philanthropy represents over $217.6 million in giving to nonprofit organizations that serve the region and nearly $3.6 billion in assets.

giving

Impact Investing
In this year’s report, we take a closer look at a particular tool in the philanthropic toolbox: impact investing. Foundations hold incredible wealth, but are only required to pay out five percent of their assets each year. We wanted to find out how our members are putting their endowment dollars – the other 95 percent of their assets – to work in the community. Fifty-nine percent of our survey respondents are currently engaged in impact investing or are actively seeking to become engaged. It’s a relatively new practice among local funders: of those that are currently impact investing, 60 percent of them made their first investment within the last five years.

Racial Equity: A growing priority
In addition, we took a look at what kinds of activities WRAG members are engaged in to advance racial equity in their grantmaking and within their own institutions. In a sign that this is a growing priority within the local philanthropic community, 73 percent of survey respondents reported seeking learning opportunities for their staff and leadership around racial equity – a 143 percent increase over what we found last year. Roughly a third of respondents are taking more substantive steps around changing their grantmaking priorities, collecting demographic data from grantees, and publicly committing to addressing to racial equity.

Other findings of particular note in this year’s report include:

  • 80 percent of respondents provided general operating support in 2017.
  • Education, children, youth and families, and health were the issue areas that most WRAG members supported in 2017.
  • 70 percent of respondents plan to increase the amount of capital to impact investing strategies over the next two years.

Click here to read the full report.

A Recap of WRAG’s 2017 Annual Meeting, Power Reframed

Yesterday, we hosted our biggest event of the year – WRAG’s 2017 Annual Meeting, Power Reframed. Many thanks to the 350 funders and nonprofit leaders who joined us at MGM National Harbor!

Richard Rothstein, author of The Color of Law, spoke to WRAG members about the forgotten history of the federal government’s role in maintaining residential segregation. Eric Liu, author of You’re More Powerful Than You Think, inspired the audience to rethink the way we can all wield power, following a powerful performance by the Taratibu Youth Association. Check out the conversation on Twitter!

We are pleased to announce that at the business meeting, members elected three new board members. We are honored to welcome:

  • Kelly Lynch, Executive Director, Diane & Norman Bernstein Foundation
  • Amy Owen, Executive Director, Community Foundation for Loudoun and Northern Fauquier Counties
  • M. Craig Pascal, SVP & Community Development Manager, BB&T

We welcomed back the following board members:

  • David Bowers, VP & Mid-Atlantic Market Leader, Enterprise Community Partners, Inc. (second two-year term)
  • Nicky Goren, President & CEO, The Meyer Foundation (second two-year term)
  • Lindsey Buss, Senior Officer for Community Outreach, World Bank Group (third two-year term)
  • Desiree Griffin-Moore, Executive Director, Community Foundation in Prince George’s County (third two-year term)
  • Yanique Redwood, President & CEO, Consumer Health Foundation (third two-year term)

And, we recognized the contributions of three outgoing board members:

  • Rose Ann Cleveland, former executive director, The Morris & Gwendolyn Cafritz Foundation
  • Mary McClymont, former president, Public Welfare Foundation
  • Diana Meyer, former Washington metro marketplace manager, Citi Community Development

Lastly, we thanked Lynn Tadlock, deputy executive director of giving at The Claude Moore Charitable Foundation, for her service as board chair over the past two years.

PHILANTHROPY | The Annual Meeting also marked the release of the 2017 edition of WRAG’s Our Region, Our Giving report on WRAG member philanthropy in the Greater Washington region. The report, which features a special look at how WRAG members are supporting advocacy, represents nearly $146 million in giving to nonprofit organizations that serve the region, and over $3.5 billion in assets. (Daily, 11/9)

EDUCATION | Karen FitzGerald, program director at the The Meyer Foundation, discusses the impact that Urban Alliance’s high school internship program is having on students across the region and the US. (Washington Monthly, 11/7)

WORKFORCE | The Montgomery County Council has approved the $15 minimum wage bill. (Bethesda Beat, 11/7)

ELECTION | Women, minorities, LGBTQ people – and a Democratic Socialist – will change the face of Virginia’s House (Richmond Times, 11,8)

TRANSIT | Alexandria County, Virginia will adopt the safety initiative, Vision Zero, which was created to eliminate roadway fatalities and serious injuries. (WAMU, 11/8)


As we get closer to the holidays, you may be wondering what you can do to make sure everyone is able to celebrate comfortably with their families. Here’s how you can help.

– Kendra