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The world's third-largest philanthropic organization is getting rid of several senior management roles in a bid to cut costs, the Wall Street Journal reports.
According to the Economic Times, India's Tata Trusts, which is run by the family that founded the Tata Group, is eliminating the chief financial officer and chief operating officer (COO) roles.
It's also reducing the number of external consultants and senior staff, the Journal reports.
The move follows an internal audit and financial review that found the organization's staffing costs had risen to more than $400 million by 2022, the Economic Times reports.
According to the Journal, the organization's chief executive, Siddharth Sharma, says the plan is to redirect resources toward its philanthropic missions while lowering administrative overhead.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
WBCSD aims to reduce 1 gigaton of GHG emissions (1 billion mtCO2 e) from its customers' carbon footprints by 2030 from a 2019 baseline.Over the last five years, we've reduced our customers'carbon...more
Musk Foundation steps in to fill a critical funding gap after federal support unexpectedly fell through earlier this year.The exact amount of the donation has not yet been disclosed, but sources...more
The Keweenaw Community Foundation launched the KEWeenaw Heartland Forest Fund Friday evening.The fund was established to support local management, sustainable access, and long-term care of...more
The initiative saw ZTE donate essential supplies and digital connectivity solutions worth 1 million THB to a Public charity organization, Baan Nokkamin Foundation.This foundation provides foster...more
Akeroyd serves as CIO of Lee Health, a role he assumed in June 2025 after nearly a decade with Children's Health in Dallas.Baker oversees IT, health information management, medical informatics,...more
We provide five core services: Advocacy, Independent Living Skills Training, Peer Support, Information and Referral, and Transition.Early intervention starts at birth and goes to age 3, with...more
The passing of my father was a transformative moment for me.This perspective shift is why I now dedicate much of my energy to youth programs and community development.I've leaned heavily on...more
Janet was joined by the CFNSV's executive director, Nancy Baker, and Erik Beatley, the board chair.They shed light on the foundation's crucial role in the community and their efforts to bolster local...more
OpenAI should continue to be controlled by a nonprofit.The artificial intelligence technology it is developing is "too consequential" to be governed by a corporation alone.The recommendations are not...more
Foundation: Arizona Community Foundation
Arizona Community Foundation of Yavapai County has surpassed $100 million in assets under management.The milestone reflects the deep trust the community places in the community foundation.ACF is...more
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