With nonprofits facing unprecedented financial pressure, a foundation leader Tuesday launched a new “Crisis Charitable Commitment” designed to pressure foundations, wealthy individuals, and donor-advised-fund account holders to boost their giving immediately, with a special focus on racial justice, getting voters to the polls this November, and making sure their ballots count.
The pledge is being led by Alan Davis, a businessman who is president of the Leonard and Sophie Davis Fund. Davis and others have called on Congress to require foundations and donor-advised funds to distribute at least 10 percent of their assets for the next three years.