Today, the W.K. Kellogg Foundation (WKKF) announced its commitment to dramatically increase support for nonprofit organizations by expanding payout over the next two years. In its pledge, the foundation joins four others also committing to expand payout in response to the devastating effect of the pandemic on nonprofits and the communities they serve. Combined, the five foundations are pledging over $1.7 billion in new resources.
“This is a time for leadership and action,” said La June Montgomery Tabron, president and CEO. “We are acting now because of the scale of the crisis facing communities and the nonprofit sector. We can see the effect. We know the level of disruption. As communities combat the pandemic and racial inequities are exposed in social systems, we need to adapt and respond at the same pace our grantees and partners are.
“The Kellogg Foundation was created for moments like this. Our 90 years of experience has prepared us for the work ahead – it’s never been more relevant,” Tabron added. “In 1930, in the midst of another global crisis and social upheaval, Mr. Kellogg committed his fortune to establish this foundation so children could face the future with confidence. In this commitment, we continue to honor his boldness and vision.”
Each of the five foundations is acting independently and pursuing its own course and timeline. Over the next two years, the Kellogg Foundation will add up to $300 million to its payout and is currently exploring mechanisms to generate the additional funds.
Read the joint statement here.