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Gilead Sciences Adds $200 Million to Its Foundation s Endowment, Pledges Support for People of Color and LGBTQ Youths

Also, two foundations gave $20 million to expand internet access for households in the Cleveland area, and the Knight Foundation awarded $1.5 million to back Black and women entrepreneurs in Macon, Ga.

Bay Area Reporter :: LGBTQ Agenda: Giving circles draw attention to Give OUT Day as Pride Month ends

As Pride Month comes to a close June 30, LGBTQ giving circles are among those groups drawing attention to Give OUT Day, a time for charitable giving to queer causes. According to San Francisco-based Horizons Foundation, which hosts the event, Give OUT Day, has raised millions for LGBTQ+ nonprofits nationwide. Sara Lomelin, an ally who is the executive director of Philanthropy Together, is using the occasion to highlight giving circles, which Lomelin said have increased in recent years. Basically the simple explanation is that a giving circle is a group of people with shared values who get together to . pool donations, time, talent, and testimony to decide what they want to support, she told the Bay Area Reporter. Instead of friends giving to all different organizations, you come together and the impression is larger. Giving circles are one of the most effective ways to liberate capital and turn individual dollars into community power.

Embracing Feminism Can Change Philanthropy and Create a More Equitable World

Embracing Feminism Can Change Philanthropy and Create a More Equitable World John Lamparski, Getty Images Melinda French Gates’s Pivotal Ventures invests in funds that prioritize companies led by women and people of color. The overlapping crises of the past year have laid bare the complicated realities facing women today. In one reality, wealthy, powerful women across the globe are leading and succeeding as never before. In another, poor and middle-income women are falling behind in education and careers at a troubling rate. In the last year, the United States elected its first female vice president. Women-led countries like New Zealand showed the world how to lead responsibly and effectively during a pandemic. And new laws demonstrated the power of feminist movements to create change, including Argentina legalizing abortion and Scotland becoming the first country to make all menstrual products free.

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