Giving Compass' Take:
- Antony Bugg-Levine interviews Darren Walker about the power of institutions working for justice, why they matter, and why they need to be resilient in the midst of COVID-19, an economic crisis, and a racial reckoning.
- How can donors think about long-term recovery and fund organizations through this mindset?
- Here are four grantmaking practices that should stay beyond the pandemic.
What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
When the Ford Foundation announced in June 2020 that it would increase its payout by $1 billion, President Darren Walker was praised by many but criticized by some for using bond financing rather than spending down Ford’s endowment. An avowed capitalist and firm believer in institutions, Walker nevertheless fears modern capitalism is benefiting too few and widening a wealth gap that leaves many behind. The solution, he argues, is to support resilient, enduring institutions that can respond to our democracy’s ongoing challenges.
Read the full article about resilient institutions at Nonprofit Finance Fund.