California Bill Would Require Foundations to Disclose Detailed Information in the name of Diversity
by Amanda Adams*, 2/6/2008
Last week the California Assembly passed a bill that would require big foundations ($250 million in assets and more) to disclose the race, gender and sexual orientation of their board, staff, and even grantees and business contracts. The bill is now headed to the State Senate. The Chronicle of Philanthropy ($$) outlines what is included in the bill.
- The number of grants and percentage of dollars going to organizations where at least 50 percent of the board, of staff members, are members of ethnic minorities, or are lesbians, gays, bisexuals, or transgender people.
- A breakdown of the number of grants and percentage of dollars that go to organizations that serve different ethnic groups or sexual orientations, as well as the percentage of contracts awarded to businesses owned by members of those groups.
