No Good Deed Goes Unpunished?

Source: | Written by: Jeffrey A. Farber
Are some charities more worthy than others? This seems to be the implication of a bill before the state Legislature that would require philanthropic foundations to document the so-called diversity of the charities they support. The inference is that the more diverse a charity’s board of directors and staff, the more worthy it is of philanthropic funding. Continue reading “No Good Deed Goes Unpunished?”

California Legislation Pushing Foundation Funding Diversity

Source: The Non Profit Times | Written by: Mark Hrywna

Foundations are lining up against mandated diversity transparency legislation in California that could have ramifications beyond the Golden State.

The Democrat-led California Assembly, by a 45-29 vote, approved a bill in late January that requires foundations with more than $250 million in assets to collect diversity-related data for their boards, staff, nonprofit grantees and clients served through their grantmaking, and publish it on the Web and in annual reports. Continue reading “California Legislation Pushing Foundation Funding Diversity”

Tax-Supported Foundations Must Reveal Diversity Data

Source: San Jose Mercury News | Written by: By John C. Gamboa
During a year of massive budget deficits and service cuts, Californians have the right to know how their tax dollars are being spent. That is why state legislators recently passed AB 624, by Assemblyman Joe Coto, D-San Jose. The “Foundation Diversity and Transparency Act” is legislation that would simply require 30 of the state’s wealthiest charitable foundations to disclose diversity data, data that many foundations already collect. Continue reading “Tax-Supported Foundations Must Reveal Diversity Data”

Poizner Scraps Uninsured Motorist Measure

Insurance Commissioner Steve Poizner has dropped plans to pursue a ballot measure that would have allowed police to seize the license plates from – and eventually impound – cars driven by those without auto insurance.

Poizner, a Republican considered a likely candidate for governor in 2010, launched the initiative late last year, arguing that the law was needed to force the estimated quarter of California drivers who drive without insurance to buy coverage. Continue reading “Poizner Scraps Uninsured Motorist Measure”

Are Foundations Doing Enough for Society?

Source: The Chronicle of Philanthropy | Written by: George Dean and Nativo Lopez
Now that California’s Assembly has passed legislation designed to shed light on the diversity practices of the state’s grant makers and the measure is pending in the State Senate, it is time to ask Congress to take similar action and to look more closely at just what Americans are getting from the massive subsidies they provide to the nation’s foundations. Continue reading “Are Foundations Doing Enough for Society?”

Show Me the Money

Source: | Written by: Marshall Lebovits

The Greenlining Institute produces an annual report card that grades the largest US banks on their SBA lending activities to minorities – specifically African Americans, Asian Americans and Latinos.

Only one bank got an “A”. There was a handful or so of “B” grades. As for the rest, they got a spanking on their hands with a ruler. Continue reading “Show Me the Money”

The Greenlining Institute Endorses Local Offsetting Concept

Source: | Written by:
Two days ago, the Greenlining Institute – a public benefit organization focused on increasing low-income and minority participation in civic participation and policy-making that results in equitable policies – put a stake in the ground about using local carbon offsetting to help finance projects that directly assist low-income communities. The article (below) authored by Sasha Werblin (their Sustainable Development Fellow) with contributions from Associate Director Orson Aguilar was part of small package of materials left on the chairs prior to their recent convening on bridging what is now being called the green divide “How Can Clean Energy Benefit California’s New Majority?” Continue reading “The Greenlining Institute Endorses Local Offsetting Concept”

Berkeley Group Gives BofA Top Rank in Lending to Minorities

Source: East Bay Business Times |
The Berkeley-based nonprofit Greenlining Institute gave Bank of America Corp., the top overall ranking among banks making U.S. Small Business Administration loans to minorities.

The Institute issued its annual report card Jan. 30 based on data for fiscal year 2007 provided by the SBA through a Freedom of Information Act request. Continue reading “Berkeley Group Gives BofA Top Rank in Lending to Minorities”

The Color of Charity

Source: The Wall Street Journal Online | Written by: The Wall Street Journal Online

Just when we thought we’d heard everything from the diversity police, here they come trying to prescribe even the color of charity. The California Assembly last week passed a bill sponsored by state Representative Joe Coto to require foundations with assets of more than $250 million to disclose the race, gender and sexual orientation of their trustees, staff, and even grantees. Look for this to arrive in a legislature near you. Continue reading “The Color of Charity”