Blog Post

With new data about the financial health of Greater Philadelphia nonprofits combined with troubling trends due to COVID-19, it's clear that collaboration will be a vital strategy for both nonprofits and funders if the sector is to continue to provide essential services and stimulate innovation that advances social purpose. 

While 99% of respondents to the Global Impact Investing Network‘s annual survey have historically said that they achieved their intended impact performance, the events of last year have shown that there is more work to be done and new, higher goals to be set.

Following the launch of the Black Community Leaders Fund on May 13th, we asked Philadelphia Foundation's Phil Fitzgerald, Executive Director for Grantmaking to give us some insights about how and why the fund was created and what the foundation hopes to achieve through this initiative.

As he prepares to leave his role as president of the Network, Sidney shares his gratitude and reflections on his four-year tenure.