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Weinberg Foundation rural grantmaking findings and shift in focus
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Baltimore Summer Funding Collaborative announces $5.3 million for programs serving children and youth
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The Foundation is growing in every way, including staffing and more funding to nonprofits
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Weinberg Foundation details chief investment officer transition
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New Baltimore Grants Overview
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Explore the Weinberg Foundation’s new interactive online grants database and digital map
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More than $10 million in recent grants announced
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In 2021, the Foundation began a review of its rural grantmaking framework and funding priorities, in order to reflect and respond to the needs of rural communities that we serve. The Foundation conducted 40 interviews with a diverse set of leaders in rural areas across the country and reviewed more than 100 sources addressing issues related to rural America and vulnerable populations residing therein. The Foundation remains committed to supporting rural initiatives within, or near, its priority communities because of longstanding barriers to accessing financial resources and services in these regions.
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The Baltimore Summer Funding Collaborative (the Collaborative) has awarded $5.3 million in grants to support 93 high-quality summer programs serving children and youth living in low-income families throughout Baltimore City. The Collaborative is a partnership between public, private, and nonprofit institutions that aims to create summer program opportunities for families that provide academic support to reduce summer learning loss, connect youth to valuable work experiences, and/or engage youth in enrichment activities that allow them to pursue interests, discover talents, and develop skills.
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The Weinberg Foundation is one of the largest private charitable foundations in the United States. However, the Foundation’s roots are quite modest. Staff size, for example, has always been comparatively small especially when looking at other foundations of similar asset size. This contrast has presented unique opportunities and challenges: to be responsive, but thoughtful; far-reaching, but accessible; impactful, but humble and kind.
In recent years, following the creation of the Foundation’s investment office in 2014—including the development of a team dedicated to managing the Foundation’s real estate holdings in Hawai’i—the Foundation’s assets have grown significantly. Increased assets provide the means for increased grantmaking, which in turn requires more skilled professionals to properly administer and manage the additional grants. Here is how all of this has played out at the Weinberg Foundation within a span of just five years.
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The Foundation recently detailed the planned transition within the role of chief investment officer. Current CIO Jonathan Hook will retire from the Weinberg Foundation effective August 31, 2022. He will be succeeded by David Gilmore, Deputy Chief Investment Officer. Mr. Gilmore will assume the role of chief investment officer effective September 1, 2022. The changes were announced in mid-November 2021.
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The Greater Baltimore region has served as home to the Foundation’s headquarters since its founding by Harry and Jeanette Weinberg in 1959. The Foundation as we know it today has existed since 1990. Today, approximately 25 percent of the Foundation’s approximately $140 million in annual grantmaking supports direct service providers in Greater Baltimore, operating across all of the Foundation’s focus areas: Housing, Health, Jobs, Education, and Community Services.
The Foundation has just completed a summary of selected grants in Baltimore, 2019 through 2021. Please click here to explore this summary, which is also posted on the Foundation’s website under “Resources” and “Publications.”
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Have you had a chance to explore the Foundation’s new, interactive two-part website feature yet? The online grants database features selected grants of $50,000 or more approved since 2018. This new database allows you to search by organization name or keyword, as well as filter by focus area, priority community, year, grant type, and more.
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The Weinberg Foundation recently approved more than $10 million in grants supporting the areas of Housing, Health, Jobs, Education, and Community Services.
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We hope you will take a few minutes to read our latest e-news. Also, we invite you to like the Weinberg Foundation on Facebook and follow us on Twitter!
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