Michael Kavate
@michaelkavate
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Senior Reporter @InsidePhilanthr. Cover climate + environment + billionaires. BCN resident. Long-time Californian. Not active on X, but check DMs, etc. He/him.
Barcelona, Spain
Joined November 2016
“Foundation assets could soon reach double the value of the combined endowments of the top 700 richest U.S. universities,” @InsidePhilanthr’s @michaelkavate reports, on basis of new @FoundationMark data …
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@GivingReview co-editor @mhartmannmke compares higher-ed and foundation endowments with at least $10 billion in assets under management, https://t.co/ZRrfsBBxGc, relying on numbers from @FoundationMark, @NACUBO, and @JDVance1’s office and reporting from @InsidePhilanthr’s
thegivingreview.com
Eleven colleges with a combined total of $270 billion; six foundations totaling $163 billion.
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I just published The common causes behind the Top 10 Challenges of Small Foundations - thank you @exponentphil
https://t.co/G0zZNOXjeg
#philanthropy #fundraising #nonprofits
link.medium.com
In the latest edition of Exponent Philanthropy’s Foundation Organization and Management Report (FOMR 2023), foundation executives were…
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Credit where credit is due! This heatwave is only possible thanks to carbon pollution, and no one is producing more of it in the US than ExxonMobil. #Sponsored #Ad
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This @InsidePhilanthropy series by @michaelkavate will be interesting to follow. Staff at big funders often can't afford to make small grants. Regrantors also add field expertise through their Advisory Councils and Boards and are an important buffer between strategic change in
With more dollars heading toward #environmental issues, we’ve seen an explosion of pooled funds seeking to help donors engage with complex problems and front-line communities. @InsidePhilanthr takes stock of this important space.
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...Foundations gave CJA just under $8million in 2022. Compare that, for example, to the @EnvDefenseFund, which received $40.8million from institutional philanthropy that same year. We’ll see if that disparity persists." - @MichaelKavate, @InsidePhilanthr
https://t.co/DCkZDVNf6J
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Did you know if you hold an ermine up to your ear, you can hear what it’s like to be attacked by an ermine?
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“We need to make sure that foundations understand that, yes, it’s great that you’re diversifying, but you also need to make sure that you’re diversifying at all levels,” - @andresforchange at @DiverseGreen via @InsidePhilanthr by @michaelkavate
https://t.co/IoWjCMPvkv
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ICYMI an excellent @InsidePhilanthr piece about the @NewAmericanEcon and @immcouncil merger by @michaelkavate: "In this case, the decision to combine forces was sparked by the potential for greater impact, as well as the organizations’ similarities and complementary programs."
Last month, the American Immigration Council and New American Economy announced they were combining their operations. Nonprofit mergers are rare; according to some funders, maybe they shouldn’t be. Michael Kavate reports: https://t.co/Q3leLzmcR0
@NewAmericanEcon @immcouncil
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All those billionaires (ie @BezosEarthFund & co) who are pledging millions (and sometimes more) to climate? They're starting to show up in the numbers from @ClimateWorks.
insidephilanthropy.com
A new report from ClimateWorks Foundation shows a 25% increase in philanthropic support for climate change mitigation between 2020 and 2021. It’s a welcome development, but the momentum must continue.
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Thanks to @InsidePhilanthr and @michaelkavate for showcasing our newest grantees in climate.
A hefty new pledge from the Ballmer Group marks the mega-donors’ first major foray into climate giving. With Steve and Connie’s son Sam Ballmer taking the lead, big grants are already starting to flow. Michael Kavate reports: https://t.co/jktxBBnC6v
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New climate funder alert: Steve Ballmer, the former Microsoft CEO, and his wife, Connie, made their first-ever climate grants this week. Could billions be on the way? https://t.co/QpXrazYd5r
insidephilanthropy.com
A $217 million commitment from the Ballmer Group marks the mega-donors’ first foray into climate giving. With the couple’s son Sam Ballmer taking the lead, big grants are already starting to flow.
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What issues and interests are driving funding for conservation, agriculture and reducing pollution? We love to see collaboration listed in the 10 themes that are on the minds of green funders, based on reporting from @MichaelKavate:
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🌎🔥 Today I asked World Bank president @DavidMalpassWBG if he believed in the scientific consensus that the man made burning of fossil fuels is rapidly and dangerously warming the planet. “I’m not a scientist,” he said. Here’s a thread about the remarkable exchange. 🧵 1/
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I found it super fascinating to track down the foundations started by the late hedge fund billionaire Julian Robertson's "Tiger Cubs" and his lasting influence on Wall Street philanthropy.
insidephilanthropy.com
The hedge fund legend was famous for mentoring young managers, and a good number of his disciples have followed in his philanthropic footsteps. Here are the biggest of the bunch.
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Sad news. Barbara Ehrenreich, my one and only mother, died on September 1, a few days after her 81st birthday. She was, she made clear, ready to go. She was never much for thoughts and prayers, but you can honor her memory by loving one another, and by fighting like hell.
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Good @sammy_roth interview with Jared Blumenfeld, the head of Laurene Powell Jobs's new climate philanthropy. https://t.co/WO9NCiNR7m
latimes.com
With billions at his disposal, former EPA official Jared Blumenfeld takes on climate philanthropy.
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READING | Eight Questions for Jonathan Pershing, Climate Diplomat and Hewlett Program Director @michaelkavate interviews climate diplomat Jonathan Pershing for @InsidePhilanthr: https://t.co/r4Me2jAR2R
insidephilanthropy.com
The former climate diplomat and leading grantmaker discusses what climate philanthropy can learn from the past year’s historic investments in climate action — and what makes him “worry deeply.”
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Hard to comprehend the scale of the flood disaster in Pakistan, the 5th most populated nation in the world. Nearly 1400 dead, 1 million houses damaged or destroyed, and 50,000,000 people displaced. 1/3 of the country is underwater. https://t.co/NFd15q3g7I
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