While some settler-led philanthropic organizations have signed a declaration of action around reconciliation, Indigenous-led organizations continue to be underfunded. But a newly updated definitional matrix provides guidance for greater equity in philanthropy.
The Ontario Trillium Foundation is one of the province’s — and the country’s — largest funders. Any indication the foundation disapproves of grantees engaging in advocacy, one expert says, could have a ripple effect, “chilling” advocacy among charitable organizations across the province.
The federal government says they will soon announce the winner of a procurement process to select the steward of a $200 million endowment fund for Black communities. One proponent, the Black Opportunity Fund, says the process used to select the winning proponent, however, lacked due diligence and transparency, undermining the credibility of whichever organization is selected.
For more than a decade, non-profits and grassroots groups have been stymied by CRA policy that has prevented them from getting grants from foundations. After a sustained advocacy campaign, that’s on the cusp of changing.
The disbursement quota governs the amount of money foundations must spend on charitable activities and flow to communities each year. The raise in the rate will mean more money for community service organizations moving forward.
The financial markets have bruised many foundation’s endowments this year. So too, however, have many charities and non-profits been feeling the pinch with increased inflation and service demands. The rate at which foundations keep giving will impact how community organizations are able to support their communities.
