Michael Kavate
Senior Reporter at Inside Philanthropy
Senior Reporter @InsidePhilanthr. Cover climate + environment + billionaires. BCN resident. Long-time Californian. Not active on X, but check DMs, etc. He/him.
Articles
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1 day ago |
insidephilanthropy.com | Michael Kavate
Kathy Reich. Credit: The Ford FoundationWhen Kathy Reich announced in early April that she was joining the Catena Foundation as its new executive director, it was not only a new chapter for the founding director of Ford Foundation’s Building Institutions and Networks (BUILD) initiative. Reich’s appointment also marks a new phase for the Carbondale, Colorado-based foundation — and for its founder, Sam Walton, a third-generation Walton heir.
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2 days ago |
insidephilanthropy.com | Michael Kavate
With the nonprofit world bracing for a blitz of executive actions that may threaten nonprofit groups’ tax-exempt status, and the Trump administration’s threat to rescind Harvard University’s nonprofit designation moving forward, lawyers and sector groups have issued a wave of advice for organizations fearing they will be targeted next.
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6 days ago |
insidephilanthropy.com | Michael Kavate
In a flurry of Signal messages and forwarded news stories, word has spread among environmental grantmakers that the Trump administration is preparing a package of executive orders for likely release on Earth Day, this coming Tuesday, that would kneecap certain climate movement groups and maybe their funders. White House staff are drafting executive orders that would strip some environmental nonprofits of their tax-exempt status, Bloomberg reported on Friday.
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1 week ago |
insidephilanthropy.com | Michael Kavate
It is likely you have never heard of Eric Karl Wepsic, but you could call him an emblem of our times. The retired hedge fund manager used to help run a firm, D.E. Shaw, with $60 billion under management, and he was once reported to have a personal fortune of $9 billion, i.e., bigger than the end-of-2023 endowment of one of America’s best-known philanthropies, the MacArthur Foundation.
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1 week ago |
insidephilanthropy.com | Michael Kavate
After the Environmental Protection Agency awarded a landmark $27 billion in funding from the Inflation Reduction Act to climate groups last year, recipients jumped into action. One issued $392 million in grant approvals to vetted applicants, and another committed $539 million for energy-efficient retrofits and new construction. A third launched a call for applications that brought in more in requests than their $800 million federal award.
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