ABSTRACT
Institutional Philanthropy has the opportunity to rethink its role and build trust and deeply engage with communities beyond grantmaking in minority communities in the United States. The global pandemic highlights inequalities in the United States from health inequality to social inequalities. Institutional philanthropy can focus on doing more than giving money; organization leaders and program staff can deliberately engage and listen to communities and the public to drive systems change. This commentary examines the role of philanthropic foundations and philanthropic support organizations regarding advocacy, public policy and community listening when philanthropy has been asked to step up to deliver increased funding given the increases in COVID-19 cases and deaths in minority communities in light of the toll the pandemic has taken on minority communities, the unjust death of George Floyd and others and the Black Lives Matters movement. Philanthropic foundation leaders are faced with “the fierce urgency of now” to change organizational behavior from the relational to meaningful community engagement and social cohesion.
Notes
1 Tax-exempt organizations including nonprofit organizations, public charities, nonexempt charitable trusts, and certain other exempt organizations file on an annual basis, the IRS Form 990, Return of Organization Exempt from Income Tax which includes revenue and expenses, governance protocols, highest paid directors and officers and charitable grants and other financial information. (Internal Revenue Service, 2020). Private foundations must file on an annual basis, file the IRS form 990-PF, Return of Private Foundation detailing revenue and expenses, charitable donations, investment accounts, highest paid officers and directors (Internal Revenue Service, 2020).
2 Bernholz (Citation2020) refers to both philanthropic foundation giving as well as the disbursement of donor advised funds (DAFSs). DAFs are philanthropic savings accounts with special tax treatment in investment firms, banks and community foundations with low payout rates.
3 Internal Revenue Service (Citation2020). About form 990-PF, return of private foundation or section 4947(a)(1) nonexempt charitable trust treated as a private foundation. https://www.irs.gov/forms-pubs/about-form-990-pf