Friday Rewind

The Friday Rewind offers a snapshot of PhilanthroNews —  that means news stories, articles, events of note, or information updates — from around our network and throughout the broad world of philanthropy. Whether you take a quick skim of the material or a deep dive through each item we hope to help inform your work and inspire your thinking.

1. According to a new report by Foundation Source, private foundations increased their dollars granted by 3% in 2016, with larger foundations increasing the number of grants awarded and smaller foundations distributing a higher percentage oft their overall assets. Read the Full Story Here.
2. In an effort to combat research waste and speed up the discovery of new drugs, medical research funders have pledged to cut off funding to grantees who fail to meet basic transparency standards. To date, over a dozen funders, including heavy hitters like the Bill & Melinda Gates Foundation and the U.K.’s Wellcome Trust, have signed a joint statement demanding that their grantees publicly disclose the results of all clinical trials within 12 months. Read the Full Story Here.
3. David G. Bradley, the chairman and owner of Atlantic Media, is announcing this morning that he is selling a majority stake in The Atlantic to Emerson Collective, an organization led by philanthropist and investor Laurene Powell Jobs. Emerson Collective was founded by Powell Jobs (widow of Apple founder Steve Jobs) and invests in both nonprofit and entrepreneurial efforts. Read the Full Story Here.
4. Where does public responsibility end and that of philanthropists begin? Are there good acts philanthropists should be cautious about undertaking? Can the good work of philanthropy harm our democratic society? In an era where a new generation of mega-rich men and women have begun to consider how to use their wealth philanthropically, these are important questions. Read the Full Story Here.
5. More than 300 UK-based charities have had their bank accounts closed in the last two years after being caught up in a global crackdown on illegal money flows, forcing the government to explore how to allow them easier access to the financial system. Read the Full Story Here.

Friday Rewind is published each Friday by NY Funders Alliance staff. To submit a story for the Friday Rewind, please email programs@nyfunders.org.