Foundations Collaborate to Address Underfunding of Grantees
A major collaborative effort by five foundations, including the Ford Foundation, a CMF member, is aimed at leveraging new practices to “end the nonprofit starvation cycle.”
The announcement came last week as The Bridgespan Group released a new report to share the findings of collaborative work involving the Ford, Hewlett, MacArthur, Open Society and Packard Foundations.
Bridgespan shared in a press release that “Nearly all government funding globally, as well as over three-quarters of U.S. foundation giving, is allocated through project grants. Under current sector norms, many of these