Archive | Philanthropy RSS feed for this section

A Moment of Optimism

17 Jan

It’s been a while since I checked in, and during that time we’ve had some interesting developments here in Philadelphia. One is a refreshingly bold — though quite risky — new step for our major newspapers, the Inquirer and the Daily News. The papers’ billionaire owner, Gerry Lenfest, has donated them to a new institute being housed at a local community foundation.

Hourglass
Photo credit: Wellcome Images. Used by permission under a CC-BY license (via Wikipedia)

Get a board member’s take on the new initiative. Relevant excerpt:

The basics of the rather complex transaction are these: The umbrella company for the news organizations, Philadelphia Media Network, was donated to a new nonprofit entity called the Institute for Journalism in New Media. The institute is under the auspices of the Philadelphia Foundation. With [Gerry] Lenfest’s $20 million gift as a kick-start, the institute will raise money from foundations, corporations, and individuals to support investigative and other public-service journalism and – ultimately, more important – to be a catalyst for transformation in the digital age.

It’s a creative effort that may or may not work to sustain the newspapers in the long term. But in my opinion, Lenfest & co deserve huge credit for acknowledging that “more of the same” (layoff, decrease quality of coverage, lose subscribers, repeat) was not going to do it, and actively brainstorming a potential solution.

Both papers have been through cycle after cycle of demoralizing layoffs. Aside from the human cost to employees, there has been a terrible cost to civic power. Community-minded citizens, gadflies, and the general public can’t hold elites accountable if we don’t know what they’re up to. Journalists are one of the few occupations that are actually paid to find out what powerful are doing with their money and influence, and tell the rest of us.

Let’s hope this is the first page of a chapter that sees greater investment in high-quality journalism for our city — especially the investigative kind.

(I’m also cautiously optimistic that the newly-revamped Philly.com website [now visually tolerable for the first time in years] may yet give birth to an effectively utilized commenting community. But that’s a topic for another post.)
Advertisements

Qualified kudos

7 May

When I first met a staffer from the GreenLight Fund, I was pretty skeptical of their stated approach. Assuming that there is no existing organization effectively solving your problem and parachuting in from out-of-town with a “replicable solution” sounds like a recipe for frustration to say the least.GreenLight Fund logo

This 2012 Generocity.org article articulates some of the skepticism.

In contrast, this Philadelphia Business Journal article summarizes GreenLight’s philosophy from their perspective:

 It focuses on issues affecting low-income children and families by taking the principles that VCs [venture capitalists] use to select companies to invest in and applying them to selecting nonprofits to fund.

Specifically, GreenLight works with people in a city to identify the city’s needs; does a national search to find the nonprofits that are best serving those needs in other places; makes grants to enable those nonprofits to bring their programs to the city; and provides them with support to help their programs succeed.

I was also bit put off by the tap-dancing response I got from their staffer to some very basic, nonthreatening questions, and even less delighted by their opaque website. Hard to trust someone’s agenda when you don’t know where they’re coming from.

(I’m glad to see they’ve now added a bit of info on their funders and their “Selection Advisory Council” — though there is a second, mostly similar list elsewhere on the site.)

I am even more pleased to say that their first two grants appear to be promising: $1.33 million to Year Up and $1 million to Single Stop  USA.

From the Business Journal article:

  • “Year Up is a Boston-based nonprofit helps disconnected, 18-to-24-year-old urban residents get the skills and experience necessary for professional careers.”
  • “Single Stop is a New York-based nonprofit that helps low-income community-college students stay in school by connecting them and their families with financial resources and other support.”

What I know of Year Up is very positive. (I don’t know anything about Single Stop, though it seems similar to the Benefit Bank here in Philadelphia. It is interesting that apparently it is the same program that GreenLight funded in Boston. What are the odds?)

Here’s hoping this project works out well for Philadelphia! I’ll be keeping an eye on it.