The Ford Foundation recently announced that they’re changing the way they fund U.S.-based and international organizations. They are directing more attention toward operating support rather than providing smaller grants for individual programs.
Locally, the Community Foundation for the Greater Capital Region and the Troy Savings Bank Charitable Foundation are also working to educate donors and other funding organizations that it’s no longer realistic to simply fund programs without accounting for the operating costs of nonprofit organizations.
All of this is part of a national movement to educate donors – especially now during this charitable time of year.
Chris Cardona, the Program Officer for Philanthropy at The Ford Foundation joins us along with Karen Bilowith, President and CEO of The Community Foundation and Leslie Cheu, Executive Director of the Troy Savings Bank Charitable Foundation.