A spike in trust-based philanthropy has helped stabilize finances for many nonprofits in the United States but has not fully alleviated many of the challenges they face holding on to employees and providing equitable pay, according to new findings from the Center for Effective Philanthropy.
CEP is a philanthropy research and advisory organization that has been examining how nonprofits are dealing with a “period of exceptional difficulty” that began in 2020 and included the COVID-19 pandemic, an ongoing global racial reckoning, and economic uncertainty.
It was also during that time that trust-based giving — a movement that encourages funders to reduce restrictions on how grantees can spend money and to simplify the ways in which they are asked to report that spending, among other things — gained steam among individual donors such as billionaire MacKenzie Scott and organizations such as the William and Flora Hewlett Foundation and Segal Family Foundation. CEP recently published a separate report on the impact of Scott’s large, unrestricted grants.
About the author
Stephanie Beasley@Steph_Beasley
Stephanie Beasley is a Senior Reporter at Devex, where she covers global philanthropy with a focus on regulations and policy. She is an alumna of the UC Berkeley Graduate School of Journalism and Oberlin College and has a background in Latin American studies. She previously covered transportation security at POLITICO.
