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Bill & Melinda Gates Foundation and Wellcome Pledge $300M to CEPI for COVID-19 Pandemic Response

NonProfit PRO

The foundations call on world leaders to support the Coalition for Epidemic Preparedness Innovations (CEPI) to help end the COVID-19 crisis, prepare for future pandemics, and address epidemic threats.

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Lessons from the 2024 Atlantic hurricane season: What philanthropy can do better

Candid

In Sarasota County, it destroyed million-dollar homes on barrier islands, impacting the donors nonprofits and foundations rely on for disaster relief funding. As of December 12, 2024, Candids tracking of press releases and other funding announcements have found 227 grants and pledges worth nearly $278 million for Hurricanes Helene and Milton.

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Are corporations making good on their racial equity pledges?

Candid

A s of July 2020, we’d identified racial e quity grants and pledges worth $4.2 Yet a closer look at th is funding shows that pledges — particularly those from corporate funders — account for nearly three-quarters of the dollars we’ve tracked. What are corporate pledges? . billion dollars. 3] . 3] .

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Mitigating the impacts of a loss of a nonprofit revenue source

Candid

Where do foundations stand on multiyear funding? Candids 2024 Foundation Giving Forecast Survey found that while 67% of respondents awarded at least one multiyear grant in FYE 2022, the percentage of multiyear grants in their portfolios varied substantially. 4 things we learned about foundations and general operating support.

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Big Tech pledged a billion to racial justice, but it was pocket change

The Verge

The money they’ve pledged, in context, looks an awful lot like pocket change. Apple theoretically could have made its $100 million pledge back in less than a day. million would be the biggest pledge from big tech companies to date, that’s like if a middle-class American worker made a one-time donation of $92.55.

Pledge 138
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Elon Musk pledges $100 million for new X Prize carbon removal competition

The Verge

Elon Musk is putting up $100 million as part of a new X Prize Foundation competition focused on carbon removal technology. Winners will have to “demonstrate a solution that can pull carbon dioxide directly from the atmosphere or oceans and lock it away permanently in an environmentally benign way,” according to the X Prize Foundation.

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Money talks: Why tuning into the Giving Pledge matters 

Candid

As the saying goes, “Money talks,” and there’s no better example of this than the Giving Pledge and its effect on the social sector. To date, 241 individuals with a cumulative net worth easily surpassing $1 trillion have made the pledge—a public commitment to give the majority of their fortunes to charity.

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