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The Nathan Cummings Foundation

 

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NCF Joins the “Ban the Box” Philanthropy Challenge.

April 11, 2016 On February 29, 2016, the Nathan Cummings Foundation joined more than 40 other members of the Executives’ Alliance for Boys and Men of Color in the “Ban the Box Philanthropy Challenge,”  a pledge to adopt fair chance hiring practices. The Foundation does not ask questions about any criminal records on our application forms for potential employees, and does not otherwise require this...

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Active Ownership vs. Divestment: When Is It Either-Or? Can...

April 7, 2016  On Thursday, April 14th, Philanthropy New York will host a panel discussion exploring active ownership and divestment. The Nathan Cummings Foundation’s experience with active ownership strategies will feature in the panel discussion.  The program will be live-streamed. More details can be found here. 

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Key Formula for Oil Executives’ Pay: Drill Baby Drill

March 22, 2016 Bonuses at many energy companies based on higher oil production, reserves; shareholders seek change"The Nathan Cummings Foundation…has asked Chesapeake to eliminate reserve growth from its pay calculations."Read More (Via the Wall Street Journal)

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NCF Proposal Leads to Positive Changes in Duke Energy’s...

March 14, 2016  March 14, 2016 Following the submission of a shareholder proposal by the Nathan Cummings Foundation, Duke Energy has agreed to expand its sustainability report to include a discussion of its plans for responding to the potential challenges posed by slower load growth and increases in distributed generation. Duke will also include links to information on various scenarios used in its...

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Investors Raising Heat on Fossil Fuel Companies

March 11, 2016  On the heels of a historic global climate agreement in Paris, investors have filed a record number of shareholder resolutions this year with major U.S. energy companies asking them to disclose their strategies for competing in a global economy that is shifting towards clean energy and away from fossil fuels.The resolutions seek clarity on fossil fuel companies’ plans to evolve post-...

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Uber Drivers and Others in the Gig Economy Take a Stand

February 4, 2016"The National Domestic Workers Alliance, which organizes nannies and housekeepers, recently produced what it calls the Good Work Code, which it has urged gig economy companies to adopt."Read More (Via The New York Times)

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Large Mutual Funds Fail to Support Proxy Access

January 26, 2016UPDATE (March 14, 2016): Shortly after the release of the Proxy Access Scorecard, Vanguard announced a key change to its policy on proxy access. The mutual fund company will now generally support “proxy access” proposals with ownership thresholds of 3% of a company’s shares. Read more about the change in this Reuters article.---January 26, 2016 The Nathan Cummings Foundation...

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President’s Letter: Highlights and Reflections

December 22, 2015Dear Grantees and Colleagues,Today marks the close of my first month as the President of the Nathan Cummings Foundation.  I started days after the attacks in Paris and the shooting of five Black Lives Matters demonstrators in Minneapolis. As I sat down at my desk for the first time I was drawn to the window, with a clear view of the Statue of Liberty and Ellis Island.  These iconic...

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