Tuesday, February 5, 2019

GuideStar and Foundation Center to Merge

GuideStar_logo_H_CMYK
GuideStar_logo_H_CMYK

 

From FastCompany Magazine:

"Two of the biggest information-sharing forces in the nonprofit sector just combined to create a new organization. It’s called, appropriately, Candid, a merger between the Foundation Center and GuideStar. For funders and nonprofits trying to better understand opportunity within the sector, the Foundation Center collects information on more than 13 million grants offered by 155,000 grant makers. For nonprofits and would-be donors trying to understand the efforts of other cause groups, GuideStar has built an open database with profiles on 2.7 million active organizations.

“The name Candid goes back to the roots of both organizations . . . and also speaks to our approach to [sharing] information,” says Bradford Smith, who will become the president of Candid after previously serving as the president at Foundation Center. All told, the groups have about 17 million users in total, although they’ve yet to sort how many overlap. Bill and Melinda Gates, Charles Stewart Mott, and the William and Flora Hewlett Foundation, among others, put up $27 million to back the merger . . . . . 

By combining, the groups will be able to join their databases, and push for more uniformity and context in how this information about nonprofits is presented. “We just think that [the merger] enables network effects that could create a kind of the integration of experience in the sector that we’ve never seen before,” says Jacob Harold, who moves from GuideStar CEO to executive vice president at Candid. “We could credibly have a common profile that was actually populating throughout the internet and also used in communities, and that can lead to all sorts of efficiencies but also new kinds of learning about the field.”

GuideStar's Blog and Foundation Center's website have more information. 

 

Darryll K. Jones

https://lawprofessors.typepad.com/nonprofit/2019/02/guidestar-and-foundation-center-to-merge.html

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