Nonprofit Chronicles

Journalism about nonprofit organizations and their impact

With a collective $800 billion in assets under management, America’s big foundations spend vast sums of money to buy investment advice. They’re getting little, if anything, of value in return. Their own investment offices, and the Wall Street banks, hedge funds, private equity firms and consultants they hire, when taken together, deliver investment returns that …

Continue reading

Best known for its “genius” grants, the Chicago-based John D. and Catherine T. MacArthur Foundation gave away $214 million last year across a dizzying array of programs. International programs included human rights and international justice, peace and security, conservation and sustainable development, girls’ secondary education in developing countries, migration, and population and reproductive health. US programs …

Continue reading