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.
"Research shows that not all types of grants are equal," said NCRP executive director Aaron Dorfman. "Some have more impact and are more effective than others at making a real difference in the lives of people and communities, especially those in most need."
For a complete list of Philanthropy's Promise signatories, visit the NCRP Web site.