Number of Signatories to 'Philanthropy's Promise' Campaign Nearly Doubled
Philanthropy News Digest
June 20, 2012
The National Committee for Responsive Philanthropy has announced that a total of 125 foundations responsible for nearly $3.4 billion in annual grantmaking have signed on to the Philanthropy's Promise campaign, which aims to encourage grantmakers to prioritize the needs of marginalized communities.
When Philanthropy's Promise was launched a year ago, sixty-four foundations pledged to dedicate at least 50 percent of their grant dollars to supporting underserved communities and 25 percent of their grant dollars to advocacy, community engagement, and civic engagement as a way to address the root causes of social problems. Since then, an additional sixty-one funders, including the Cleveland Foundation, the NoVo Foundation, and the United Way of New York City, have signed on to the campaign.
