Search Results
Journal Article
Mapping Our Community: Philanthropic Grant Funding for Community and Economic Development in the Third District
Along with public sources of funding, philanthropic capital can be a critical source of support for the community and economic development (CED) work of nonprofit organizations. Research by the Federal Reserve Banks of Philadelphia and Atlanta examined CED grants disbursed to recipients in U.S. metro areas between 2008 and 2013, and identified characteristics that help to explain the ability of certain metro areas to attract more philanthropic funding than others. The authors examined grants for more traditional CED projects (e.g., housing rehabilitation, urban development, financial ...
Working Paper
Divest, Disregard, or Double Down?
How much, if at all, should an endowment invest in a firm whose activities run counter to the charitable missions the endowment funds? Endowments typically disregard the objectionable nature of or divest from such firms. However, if firm returns increase with activities the endowment combats, doubling down on the investment increases expected utility by aligning funding availability with need. I call this "mission hedging." This paper offers the first model that characterizes the endowment's investment decision on the objectionable firm, defines investment trade-offs, and examines related ...
Journal Article
Q&A: Black Executives on Equitable Funding
What is your definition of true equity? Three Black executives share their personal insights and tips on counteracting funding inequality.
Journal Article
Philanthropic Culture Leads to Lasting Partnership in Columbia, Mo.
An investment opportunity highlights the importance of creating and maintaining partnerships for a Missouri nonprofit.
Journal Article
Interview: Tyler Cowen
Tyler Cowen: On credentialism, the new math of causation, and the lasting economic influence of youthful experiences
Journal Article
Equity and Philanthropy: The Flow of Capital in St. Louis
Understanding the experience of Black-led nonprofits in St. Louis may be the key to more equitable community development funding.
Journal Article
Features: The Philanthropy Gap in Rural America
Warsaw, Va., is well positioned to welcome visitors to Virginia's Northern Neck, the northernmost of three peninsulas jutting out into the Chesapeake Bay. Travelers from Richmond and parts farther west enter the peninsula via a bridge over the Rappahannock River and quickly find themselves in Warsaw's downtown, where they are greeted by colorful storefronts and charming brick sidewalks. But just a few years ago, they would have seen something very different: abandoned buildings, cracked sidewalks that dated back to the Great Depression, and streets that regularly flooded due to poor ...