WTTW News - MacArthur Foundation increase giving
webTangentially relevant to AI safety funding ecosystem; illustrates how major philanthropic foundations are responding to US policy shifts that may affect research and civil society organizations, including those working on AI governance.
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Importance: 18/100news articlenews
Summary
The MacArthur Foundation announced plans to significantly increase its philanthropic giving over a two-year period in response to what it describes as a crisis, likely referring to threats to civil society, democracy, and nonprofit funding amid federal policy changes. This represents a major philanthropic response to shifting institutional conditions in the United States.
Key Points
- •MacArthur Foundation plans to increase its grantmaking over a two-year period as an emergency response to a perceived crisis
- •The decision reflects growing concern among major foundations about threats to civil society and nonprofit organizations
- •This philanthropic surge may partially offset reductions in federal funding for research and public interest organizations
- •The move signals a broader trend of private foundations stepping up during periods of reduced government support
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| MacArthur Foundation | Organization | 65.0 |
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MacArthur Foundation to Increase Giving for Two Years in Response to 'Crisis' | Chicago News | WTTW
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MacArthur Foundation to Increase Giving for Two Years in Response to 'Crisis'
Associated Press | February 27, 2025, 10:55 am
President Donald Trump speaks in the Roosevelt Room of the White House, Jan. 21, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson, File)
NEW YORK (AP) — The John D. and Catherine T. MacArthur Foundation will increase its giving over the next two years in response to what it calls a “crisis" prompted by the Trump administration’s freeze on federal foreign aid and the now- suspended freeze on federal grants .
“This is a major crisis for our sector and it’s a time when those of us who can do more should do more,” said John Palfrey, president of MacArthur Foundation, in an interview Wednesday with The Associated Press.
Palfrey announced the increase in a blog post on the foundation’s website, saying, “The cliff of funding from federal programs has sent budgets underwater in field after field, and people and communities in the United States and abroad will suffer.”
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Palfrey said the foundation would increase giving from 5% of its endowment, which is the minimum required by the Internal Revenue Service, to at least 6% for the next two years. The foundation reported it had $8.7 billion in assets in 2023 and it pays out around $400 million annually. Palfrey said he expected to grant out around $150 million more over the
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