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November 2015 |
David Wood, Initiative for Responsible Investment | On October 22, the U.S. Department of Labor announced it was withdrawing a guidance memo from 2008 for ERISA plans on Economically Targeted Investments (ETIs), reverting instead to previous guidance issued in 1994. This move had been long sought by responsible investors, who shared the DOL’s concern that the 2008 guidance “unduly discouraged fiduciaries from considering ETIs and ESG factors” when making their investment decisions. This is big news. Here are three things I took from the announcement:
October 2015 | Philanthropy Northwest
At its October program meeting, Meyer Memorial Trust awarded 27 grants, totaling more than $3.6 million, for organizations working across Oregon and Washington.
October 2015 |
Lauren Sato, Canopy | Six months ago, Canopy launched in the Pacific Northwest with a grand vision to build the infrastructure necessary to create a thriving ecosystem for place-based impact investing. Half a year later, our commitment to this vision has led to many exciting changes. Based on interest and feedback from the field, Canopy has evolved from its early work of conducting field-building research to include robust technical infrastructure building and educational programming, all aimed at creating equitable prosperity in our region — from northern California to Alaska, from the Pacific Ocean to Wyoming — and ultimately across the United States.
September 2015 |
At its September program meeting, Meyer Memorial Trust awarded 40 grants and one program-related investment (PRI), totaling just over $6.1 million for organizations working across Oregon and southwest Washington.
September 2015 |
Doug Stamm, Meyer Memorial Trust | September always brings change: weather shifts from hot to cool, busy autumn mornings replace leisurely summer afternoons, days grow incrementally shorter. Here at Meyer Memorial Trust, in a year filled with changes, the month offers a moment to reflect on where we have been and on where we are heading. Last year, Meyer awarded more grants than ever before — 515 grants and loans just over $46 million; we are again on track to make the largest payout in the foundation’s history. But we haven’t only been making grants this year. We began outreach in several of our four priority focus areas — housing, education, the environment, and supporting a vibrant nonprofit sector.
September 2015 |
The Starbucks Foundation has announced three new grants totaling $110,000 to nonprofit organizations supporting the refugee crisis in Europe. “We believe that donating funds directly to these organizations is the best way for us to support expert relief providers, enabling them to allocate resources where they are most needed. And, with great urgency,” said Kris Engskov, head of the company's Europe, Middle East and Africa operations.
September 2015 |
Sen. Charles Grassley, an Iowa Republican and Senate Judiciary Committee chairman who has been a vocal advocate of nonprofit transparency, recently spoke with The Chronicle of Philanthropy about mandatory payments or deadlines for donor-advised funds — which he fears could have a chilling effect on charitable giving — and guidelines for nonprofit executive pay.