Marguerite Casey Foundation Increases Annual Giving to $50 Million Amid Nonprofit Funding Challenges
The Marguerite Casey Foundation has announced plans to increase its annual donations to at least $50 million, totaling $500 million over the next decade. This decision comes as a response to what the foundation describes as the nonprofit sector's 'suffering' under policies from President Trump's administration, which have included cuts to federal funding and changes to diversity programs. The foundation, led by President Carmen Rojas, aims to spur more urgent grantmaking within philanthropy. Historically, private foundations have adhered to a 5% payout of their assets annually, but the Marguerite Casey Foundation is taking a more aggressive approach by dipping into its endowment to support community-based organizations. This move is part of a broader trend among foundations like the MacArthur Foundation and the Robert Wood Johnson Foundation, which have also increased their giving in response to the current challenges faced by nonprofits. 
