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. The world of philanthropy will be heavily shaped in coming years by the greatest intergenerational wealth transfer in history, with tens of trillions of dollars passed down in the next half-century. Estimates vary about how much of this wealth will find its way to charity, but one report last year estimated that transfers to Gen-Xers and millennials over the next decade alone could yield more than $2o billion a year in new grants to nonprofits.  Where will all that cash go? Check out this article from Inside Philanthropy about arts giving in this new generation of philanthropists.
2. Racial inequity is inextricably connected to almost every social challenge that philanthropy seeks to address. Quality healthcare, affordable housing, access to better education, participation in a fair economy—these are just some of the challenges that disproportionately affect people of color and are central to the mission-driven work undertaken by foundations. Register for this free webinar from the Stanford Social Innovation Review for inspiration and practical strategies for the best ways to apply these insights to their work as part of their organizational journey
3. This data snapshot from NYS Health Foundation displays levels of performance on various quality measures for each of the 10 Veterans Affairs (VA) hospitals in New York State. The measures span four domains of care: patient satisfaction, patient safety, health outcomes, and the timeliness and effectiveness of care. With information on the performance of New York State’s VA hospitals and community-based hospitals in their region or across the State, veterans can seek the best possible care available to them. Read the report here
4. What do millennials want? Rhoden Monrose, 32, a former Wall Street trader, says it’s to make a difference in the world. To that end, in 2016 Monrose launched Cariclub, an online platform to engage high-performing professionals in volunteer work on nonprofit junior boards. “I want to harness that energy of millennials to get involved in philanthropy,” he said, “because I know the impact it will have.” Read more about the platform in this article
5. The Chobani Foundation announced Thursday plans to double the size of its annual Community Impact Fund from $100,000 to $200,000 as part of its commitment to expand economic opportunity and promote entrepreneurship in the communities where its employees live and work. “By increasing the size of the fund and allowing multi-year grants, we’re unlocking the potential for organizations to build bigger and bolder initiatives that can drive meaningful, lasting change for communities across Central New York,” the company said in a media release. The Chobani Foundation will continue its partnership with NY Funders Alliance member Community Foundation for South Central New York to facilitate the grant selection process. Representatives from both organizations will embark on two-day listening tours throughout Delaware, Chenango, Madison and Otsego counties in May, according to Diane Brown, executive director of CFSCNY