Picture the Homeless Publishes "Banking on Vacancy: Homelessness and Real Estate Specualtion."
Congratulations to our grantee, Picture the Homeless on publishing a report that we all can use against homelessness and gentrification.
Click here to read the report >>
This is just the first step, please help Picture the Homeless by pushing elected officials to pass Intro 48, which will empower the city to do an annual count of vacant buildings and lots so that people can start taking back their communities! We can no longer tolerate thousands of abandoned buildings while we have mass homelessness.
You can join the fight by taking part in the following:
-- Looking for people to fight against the warehousing of vacant buildings by reinvigorating PTH's Campaign: Housing, Not Warehousing Coalition to come up with tangible solutions against warehousing.
-- Reaching out to people in the community boards that were counted in order to hold town-hall meetings where PTH can create community based plans with the vacant buildings and lots that have been identified.
-- Spread the word about Intro 48 and the report by helping to coordinate teach ins in your neighborhood, organization, school, church, shelter, etc.
Diminishing Dollars: The Impact of the 2008 Financial Crisis on the Field of Social Justice Philanthropy
The economic crisis hit philanthropy and nonprofits hard. Its repercussions will be felt for years to come. In 2010, in partnership with the Foundation Center and a team of students from NYU, Cricket Island Foundation conducted the study Diminishing Dollars: The Impact of the 2008 Financial Crisis on the Field of Social Justice Philanthropy.
The report examines historical trends in foundation assets, spending, and giving levels; describes strategies used by foundations to cope with depleted assets immediately following the crisis; and presents projections through 2015 for asset and grantmaking levels.
What was found was not completely surprising: a small but important subset of grantmakers – those who work on issues ranging from human rights to environmental justice – has been disproportionately impacted by the global financial crisis and their recovery remains in jeopardy.
Key findings of the study indicate:
-- Unless the field sees five years of above average investment returns, social justice grantmaking in 2015 will remain below 2008 levels.
-- Small foundations (less than $50 million in assets) will struggle the most to recover from the economic downturn.
-- Nonprofit organizations seeking new funders will have a difficult time.
--Some foundations are unintentionally depleting their endowments at a very slow rate.