The Gates Foundation’s Big Message to “Small Philanthropy”
By: Felecia Lucky, CEO & President, Black Belt Community Foundation
The Gates Foundation’s decision to spend down its assets by the end of 2045 is clearly huge news for international philanthropy — especially as massive cuts to USAID and other federal agencies are disrupt health and humanitarian aid to communities across our globe.
Like many, I hope this move will inspire other big foundations to rethink how they use their resources. But it should also shake up small philanthropy, particularly foundations that serve rural areas, such as the one I lead in Alabama, the Black Belt Community Foundation.
Rural communities across the South — and the country — are staring down a humanitarian crisis. Read more >>.