Leading foundations to boost grantmaking by $1.725 billion

With the goal of stabilizing and sustaining a nonprofit sector facing the economic and social impacts of COVID-19 and an epidemic of racial injustice, the Doris Duke Charitable Foundation, Ford Foundation, W.K. Kellogg Foundation, John D. and Catherine T. MacArthur Foundation, and Andrew W. Mellon Foundation have announced a joint commitment to increase their grantmaking by $1.725 billion over two years, in part by issuing debt....
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