A new report details how the "profit motives of the financial services sector have increasingly and disastrously warped how charitable giving functions" Wealthy people have the option to donate to foundations or DAFs, which can be sponsored by for-profit wealth management firms like Fidelity Investments or Charles Schwab.
The report recommends a number of reforms in order to take back philanthropy from Wall Street.
A customized collection of grant news from foundations and the federal government from around the Web.
The Central Bank of Nigeria (CBN) released the Nigerian Sustainable Banking Principles, an agreement signed by 34 banks, including the original eight of the nation’s leading banks, that covered nine key areas: environmental and social risk management, environmental and social footprint, human rights, women’s economic empowerment, financial inclusion, environmental and social governance, capacity building, collaborative partnerships and reporting.