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The Presser Foundation announced new Capital Support grants totaling $474,125 in single year and multi-year grants to 16 music organizations.
Echoing Green and Bridgespan teamed up to research the depth of racial inequities in philanthropic funding.
The annual Council on Foundations-Commonfund study found that private foundations reported an average 13.1 percent return on their investment assets last year, and that 33 percent of foundations to increased their giving over 2019.