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US Foundation Trends: Environmental and Climate Change Philanthropy Kristin Lindsey Executive Vice President and Chief Operating Officer Council on Foundations June 1, 2008 1 US Foundations 72,000 + Foundations Total Value of Assets in 2007 $670 billion Total Grants ≈ $43 billion 9% (3.8bn) international giving 1,382 new foundations in 2006 2 Environmental Funding by US Foundations • About $1.15 billion went to the environment and animals • Only 0.8% ($137.5 million) going towards climate Sources: The Foundation Center, Foundation Giving Trends, 2008; and Environmental Grantmakers Association, Intersections: Confronting the Climate Challenge 3 Foundation Environmental Giving- Latest Trends Giving for Environment in Animals grew 9.7% annually between 2003 and 2006 Giving for Environment and Animals rose 10% in 2006: A record $1.1 billion was given that year Source: The Foundation Center, Foundation Giving Trends, 2008 4 Major Climate Funders-2006 William and Flora Hewlett Foundation Energy Foundation Pew Charitable Trust Rockefeller Brothers Fund Nathan Cummings Foundation Rockefeller Foundation 5 The numbers are misleading. What’s included in climate change? An expanded view of climate change funding • $577M in the Gulf Coast and Indian Ocean • Using a climate change “lens” in other funding areas 6 The numbers are misleading. What’s included in philanthropy? Clinton Foundation • Green buildings, online information network, C40 initiative, energy purchasing consortium, 1Sky, Clinton Global Intiative Google.org • Alternative energy, hybrid electric vehicles 7 How US funders are doing this work Rockefeller Foundation (rockfound.org) • $70M new initiative focused on climate change resilience Rockefeller Brothers Fund (rbf.org) • Cross programmatic initiative around energy • Sustainable development – environmental stewardship Doris Duke Charitable Foundation (ddcf.org) • $100M climate change initiative focused on GHG policy change, clean energy technology and adaptation strategies 8 How US funders are doing this work Design to Win (see: hewlett.org) • Prioritizes: power, industry, buildings, transportation, forestry and carbon policy • $600M a year (the need) Energy Foundation (ef.org) • Focus on US and China • Renewable energy, code/appliance policy in buildings, transportation, build momentum for federal policy 9 How US funders are doing this work Global Green Grants Fund (greengrants.org) • $3 million a year, typically $2,000 - $5,000 • Strengthen the grassroots environmental movement worldwide Pew Charitable Trusts (pewtrusts.org) • Leading policy and research institute 10 Collaborative Platforms Environmental Grantmakers Association (ega.org) European Foundation Centre (efc.be) Funders Network for Smart Growth & Sustainable Communities (fundersnetwork.org) Climate Change Philanthropy Action Network (ccpan.org) Design to Win & Energy Foundations 11 Four Ideas Environmental Lens • Capital projects, youth environmental stewardship, green jobs initiative Use all the assets. • How to deploy the other $627 Billion Green buildings • How green is your workplace? • Kresge Foundation (kresge.org) Immediate urgency + long term commitment 12