Imagine the benefit to society—and to funders—if nonprofits generated income, operating with the efficient, effective practices that are necessary to do so? Stronger operating models. More money to drive mission. More people served. More philanthropic dollars available in the community. This has been our experience after working with nonprofit organizations on plans to generate mission-related... Read More
At Foellinger Foundation, we know that nonprofit organizations provide immeasurable support to our communities. By nature, they balance the scales, delivering services that otherwise might not be available to those who need it most. These organizations touch individuals in our community on a very personal level—counseling those who’ve experienced trauma, helping people re-enter the workforce,... Read More
Driving to my first improv class, I was so terrified that I almost threw up. The idea of creating spontaneous theater with strangers, and being vulnerable in that way, made me extremely uncomfortable. At Exponent Philanthropy’s Master Juggler Executive Institute that I attended a few years ago, the facilitator told all 19 of us foundation... Read More
Grantmakers are known for asking questions. We ask our nonprofit applicants to tell us about their mission, programs, budgets, and ability to sustain the programs that we fund. We also try to understand the challenges they face and the plans to overcome those challenges. Sometimes, however, we can learn even more by listening to the questions they... Read More
Recent press coverage has been rife with stories of public companies taking forgivable loans under the Payroll Protection Plan (PPP). In times of economic uncertainty, it’s understandable that many businesses quickly applied for whatever programs were available. But businesses with strong banking relationships crowded out many nonprofits from accessing the funding stream. The initial $349... Read More
In March, Louisiana had the fastest growth rate of coronavirus cases in the world. To help the state until federal dollars were ready, the Irene W. & C.B. Pennington Foundation, the Baton Rouge Area Foundation and Huey and Angelina Wilson Foundation each donated $400,000 to start a $1.2 million COVID-19 Response Fund—a request from Governor... Read More