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Weekly update from PND

January 21, 2022

Black and white photograph of a person reading the paper.

A weekly update with the latest social sector news

Warren Buffett tops Forbes’ lists of biggest 2021 and lifetime givers
January 20, 2022
The 25 “most philanthropic” American billionaires have given away a total of $169 billion in their lifetimes and are still richer than ever, Forbes reports.

The $169 billion estimate as of the end of 2021 is up significantly from $149 billion the previous year, thanks in part to the billionaires being collectively $150 billion (on average, 18%) richer than they were in 2020.
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Century Housing Corporation receives $50 million investment
January 20, 2022
New York Life has announced investments totaling $50 million in long-term capital in Century Housing Corporation for the purchase of 10-, 15-, and 20-year senior unsecured notes.

Century is a U.S. Treasury-certified Community Development Financial Institution (CDFI) and serves as a vital capital provider in low-income communities across California.
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Wellcome, Gates pledge $300 million to prevent future epidemics
January 20, 2022
The Bill & Melinda Gates Foundation and London-based Wellcome have pledged an additional $150 million each to the Coalition for Epidemic Preparedness Innovations (CEPI) to help end the COVID-19 pandemic and prevent future pandemics.

Co-founded in 2017 by Wellcome and the Gates Foundation with commitments of $100 million each, CEPI works with vaccine developers, manufacturers, governments, philanthropies, civil society, and global health organizations to find solutions to diseases.
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Lilly Endowment commits $20 million to preserve Black churches
January 20, 2022
The National Trust for Historic Preservation has announced a three-year, $20 million commitment from the Indianapolis-based Lilly Endowment to launch the Preserving Black Churches Project.

Awarded in support of the trust’s African American Cultural Heritage Action Fund (AACHF), the funding will provide direct support to save historic Black churches through grantmaking, technical assistance, and multiyear projects.
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Tags: racial equity; Novel coronavirus (COVID-19); Foundations and grantmaking