Giving Compass' Take:

• The Foundation Center and Guidestar are merging together to become one nonprofit hub called Candid.

• What are the challenges of merging two data-focused nonprofits? What are the benefits for funders if this collaboration is successful?

• Read more about innovating the sector with nonprofit collaboration.

The Foundation Center and Guidestar have announced they have joined forces to become a new nonprofit entity named Candid. The forces come together to bring deep expertise in data, technology, research, and training to serve the entire nonprofit sector.

Candid will enable new kinds of transparency about who is working where in the world and on what issues. Candid will also promote data standards and tools that can accelerate knowledge sharing and enhance collaboration.

Users will still be able to rely on the GuideStar and Foundation Center services that are so vital to their daily work, while benefiting from a steady stream of improvements. By integrating data and insights from nonprofits, foundations and institutional funders, governments, and tech companies, Candid will offer the philanthropic insights and analysis not possible before.

To fund the costs of creating Candid and build for the future, nearly $27 million has been raised from the Bill & Melinda Gates, Charles Stewart Mott, and William and Flora Hewlett foundations and other supporters. Early stage funding for feasibility studies and legal services was provided by the Lodestar Foundation and the Fidelity Charitable Trustees’ Initiative.

Read the full article about Candid at Causeartist