The New York Community Trust has announced a new program called The Liberty Fund, a “special funding opportunity to help New York City nonprofits address immediate issues affecting vulnerable New Yorkers.” The fund is a partnership with the New York Foundation and aims to address issues related to identity-based discrimination, mental health, health care, immigrant rights, and other time-sensitive needs.
The John D. and Catherine T. MacArthur Foundation announced a new investment in documentary film with a four-year, $5 million grant to the International Documentary Association (IDA) to establish the IDA Documentary/Journalism Project. The IDA Documentary/Journalism Project will support production and development grants to nonfiction filmmakers taking on in-depth exploration of contemporary stories through a journalistic lens; and support, mentorship, training and access to resources for both grantees and the broader field.
From the Los Angeles Times:
From the Philanthropy News Digest:
[Fourty] percent of the total income in 2014 of the sixty-five member orchestras in the study, or some $520 million, was classified as earned income, with three-quarters of that from performance and related activities; 43 percent, or $569 million, from contributed income; and 17 percent, or $229 million, from investment income. ... The study also found that the league’s member orchestras managed to contain growth in expenses during the recession, and that the share reporting deficits in unrestricted net assets fell from 40 percent in 2010 to 18 percent in 2014.
President-elect Donald Trump has selected Betsy DeVos as his nominee for Secretary of Education.
“DeVos, 58, chairs the American Federation for Children, an advocacy group that has aggressively pushed to expand charter schools and school voucher programs that provide families with public money to spend on private school tuition,” according to Politico.