Nonprofit news roundup, 05.22.15

Big talk, little action by big funders on ‘impact investing’

A big share of big private foundations in the U.S. say they engage in “impact investing” — making investments that explicitly seek a social return — yet they tend to invest only a tiny share of their endowments or budgets for that funding strategy, a new report says.

And few foundations use “negative screening” of endowment investments to avoid investing in areas such as fossil fuels or tobacco work, says the report, “Investing and Social Impact: Practice of Private Foundations,” from the Center for Effective Philanthropy.

Among survey responses from CEOs of 64 U.S.-based private foundations that provide $10 million or more in annual giving, 41 percent say their foundation engages in impact investing, most commonly in community development, employment or economic development, and education.

Yet the median share of endowments used for impact investing totaled only two percent, and the median share of budgets for programs and grants used for impact investing was only 0.5 percent.

The report also found that 83 percent of respondents are not using negative screening to exclude particular companies or organizations, or both, from their investment portfolios.

Among the 10 foundations that say they screen out investments, seven exclude tobacco and three screen out fossil fuels.

No respondents say they screen to exclude nuclear power, private prisons, adult entertainment, or animal testing from their investment portfolio.

The survey was funded by the S.D. Bechtel Jr. Foundation and co-sponsored by BoardSource and Mission Investors Exchange.

Reynolds Trust funds behavioral health, primary care

The Kate B. Reynolds Charitable Trust in Winston-Salem is giving over $3.5 million to continue expanding behavioral health services in rural North Carolina, and over $300,000 to provide primary care in Forsyth County.

That includes nearly $2 million to provide behavioral health services at five existing Federally Qualified Health Centers sites in Edgecombe, Nash and Wilson counties, delivering integrated care to roughly 27,000 people who visit the sites annually. 

It also includes $1.3 million to Rural Health Group to provide behavioral health services at existing and new School Based Health Centers in five school districts in rural, northeastern North Carolina.

That will provide over 9,000 students with access to new behavioral health services, and will provide school staff with consultation, training and prevention programming tools to help student get access to services.

Nearly 17 percent of North Carolinians over age 12 say they experienced some mental illness between 2011 and 2012, according the N.C. Rural Health Action Plan released last year, the Trust says.

Yet only just over half of children and adults who needed mental health services obtained care through the state’s publicly-funded mental health system.

And in 2012, 27 of the state’s 100 counties, many of them rural, had no psychiatrists, and another 15 counties had fewer than 0.33 psychiatrists per 10,000 people.

The Trust also awarded a $302,000 grant to Southside United Health Center to expand primary care services to nearly 4,000 Forsyth County residents and establish a care coordination team to ensure patients receive the appropriate care, referrals and follow-up to improve their health.

The effort also provide patients with access to transportation, behavioral health and other services designed to improve long-term health.

Smaller private foundations give 7.5 percent of assets

Private foundations with less than $50 million in assets made charitable distributions in 2014 averaging 7.6 percent of their net assets, roughly the same as in 2013, compared to the five percent they are required to distribute, says the fourth Annual Report on Private Foundations from Foundation Source.

Growth in assets for foundations with less than $50 million in assets averaged 3.7 percent, down from 20.7 percent in 2013.

The report is based on transactions of 769 Foundation Source clients.

Guilford event to benefit Heart Association

The 2015 Greater Guilford Heart and Stroke Walk on May 16  attracted over 4,300 residents and raised nearly $380,000 for the American Heart Association for heart disease and stroke research and prevention education.

Chairing the event, which was held at Kaplan Commons at the University of North Carolina at Greensboro, was Mike Howard, vice president of AM West Field Sales for Ecolab.

Baseball groups raising $65,000 to fight cancer

West Raleigh Baseball raised $50,000 last weekend for the Vs. Cancer Foundation to help kids battling pediatric cancer, and North Wake Baseball expects to raise at least $15,000 at the 2nd Annual Vs. Cancer Benefit Tourney, which will be held May 30-31 and expects to attract over 30 travel baseball teams.

YWCA Greensboro gets $20,000

YWCA Greensboro has received a grant of nearly $20,000 to offer education and services related to childbirth and healthy pregnancies to women at Alcohol and Drug Services and the Greensboro Metro Treatment Center.

YWCA Greensboro will offer childbirth education services and doula services for 10 pregnant women in treatment for addiction, and preconception and “interconception” health education for 50 women of childbearing age in treatment for addiction.

Johnston joins WakeMed Foundation.

Abby Johnston, director of development at Saint Mary’s School in Raleigh, has been named director of major and planned gifts at WakeMed Foundation in Raleigh.

Brumley moves to CureSearch

Susan Brumley, senior national director for Foundation Fighting Blindness, has been named vice president for individual giving at CureSearch for Children’s Cancer.

Chapel Hill Public Library Foundation names executive director

Hollie Rose-Galli, former pastor of Grow Ministries at Peachtree City United Methodist Church in Peachtree City, Ga., has been named executive director of the Chapel Hill Public Library Foundation.

Hospice of Davidson County names medical director

Jennifer L. Davis, an adjunct assistant professor of internal medicine at Wake Forest School of Medicine and former medical director at Hospice and Palliative Care Center in Winston-Salem, has been named physician medical director at Hospice of Davidson County.

She succeeds Lana J. Riemann who now works with Hospice programs in Western North Carolina.

Public School Forum names chair-elect, new board members

Malbert Smith, president and co-founder of MetaMetrics, has been elected chair-elect of the board of directors of the Public School Forum of North Carolina. He will become board chairman on July 1, 2016, succeeding Michael Priddy.

Miles Devaney, director of manufacturing at Biogen, and Paul Spreen, senior vice president and global head of enterprise sales at Quintiles, were elected as new members of the board.

The Forum also elected five new at-large members, including J.B. Buxton, principal at Education Innovations Group; Jeni Corn, director of evaluation programs at the Friday Institute for Educational Innovation at North Carolina State University; Ed Croom, superintendent of Johnston County Schools; Lou Fabrizio, director for data, research and federal policy at the N.C. Department of Public Instruction; and Richard Schwartz, founding partner at Schwartz & Shaw.

Student-led fundraising event top in U.S. for Heart Association

HeartChase, a fundraising event at Wake Forest University on April 23 planned, organized and led by Timmy Weitzel, a Wake Forest junior majoring in economics, enlisted 21 teams with 75 total participants and raised  $10,656 for the American Heart Association, the most of any collegiate HeartChase event in the U.S.

Children’s Museum to benefit from golf event

The Greensboro Children’s Museum will receive proceeds from the 8th annual golf tournament sponsored by the Young Professionals of the Triad Chapter of the Risk Management Association, to be held June 8 at Starmount Forest Country Club.

Echo Foundation to honor Bernanke

The Echo Foundation in Charlotte will present its inaugural Levine Medal for Life to Ben Bernanke, former chairman of the Federal Reserve Board, at its 17th Annual Awards Gala on September 17 at the McGlohan Theater at Spirit Square.

Eastern Music Festival gets $12,500

Eastern Music Festival in Greensboro has received $12,500 from Lincoln Financial Foundation to Support “Encircling the City,” a five-year-old program designed in partnership with Greensboro Public Library that provides educational performance and service learning.

National Folk Festival lands sponsors

PNC Bank will sponsor the North Carolina Arts Marketplace and VF Corporation will sponsor the Wrangler Stage at the 2015 National Folk Festival, which will feature 300 artists on seven stages over three days in downtown Greensboro from September 11 to 13.

Heart Association honors advocates

The American Heart Association has named Cassidy Collins of Hickory its Youth Advocate of the Year and Dr. David Huang of Chapel Hill its Science Advocate of the Year.

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