Nonprofits Candid and Council on Foundations make a rare deal the way corporations do
It’s a transaction that would be commonplace for a corporation or a sports team, but it’s the kind of deal that is practically unheard of in the nonprofit sector
NEW YORK — It’s a transaction that would be commonplace for a corporation or a sports team, but it’s the kind of deal that is practically unheard of in the nonprofit sector.
The philanthropy research organization Candid will send control of its CF Insights website and the staff that gathered information about community foundations to the Council on Foundations, the association of nearly 900 nonprofit members, on Friday.
Candid CEO Ann Mei Chang says the shift will allow her nonprofit to focus more sharply on priority areas – including diversity, transparency and effectiveness in the sector – while providing its CF Insights information a larger audience and the potential to expand at the Council on Foundations.
“That was our No. 1 criteria about whether to move forward with this,” Chang said. “We believe more community foundations would be able to benefit from this tool at the Council than from Candid.”
Council on Foundations CEO Kathleen Enright said community foundations are unique civic institutions because they meet so many different needs depending on the area that they serve. Some focus on bringing federal and local money into the community, especially in the wake of disasters, like the way the Hawaii Community Foundation has helped focus donations for those affected by the Maui wildfires. Others aggregate philanthropic donations for a community. Many also serve as homes for the increasingly popular donor-advised funds. Some provide all of these services and more.
“They’re often the only community foundation in their region,” Enright said. “So being able to
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