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Tides Foundation

American public charity and fiscal sponsor

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History

Tides was founded in 1976 by philanthropist Drummond Pike with assistance from Jane Bagley Lehman, granddaughter of R.J. Reynolds. Lehman was the organization's chair from 1976 until her death in 1988; Pike was the organization's chief executive officer until 2010. It is named after Tides Bookstore, a defunct bookstore in Sausalito. Tides was conceived as a nationally oriented community foundation, and founded out of Pike's frustration with established philanthropy's perceived neglect of progressive issues.

Pike envisioned using fiscal sponsorship for progressive political activism. Fiscal sponsorship uses a tax-exempt charity to provide financial support to a non-exempt project or organization, thereby lending it tax exemption as long as the charity retains control of the way its funds are spent. In The Givers: Wealth, Power, and Philanthropy in a New Gilded Age, David Callahan wrote that Pike was an "entrepreneurial activist" and that Pike and his "wealthy friends" united to create Tides which "used donor-advised funds to direct resources to progressive causes." Callahan, who is the co-founder of the think tank Demos, contrasted this with a similar approach taken by DonorsTrust, an American non-profit donor-advised fund founded in 1999 to safeguard the "intent of libertarian and conservative donors".

Tides founded People for the American Way with Norman Lear and the National Network of Grantmakers in 1980. By the 1990s, Tides was providing more than US$10 million in grants annually. In 2000, Tides launched a program called "Bridging the Economic Divide." It focused on funding living wage campaigns and economic justice coalitions. Tides also launched the Tides Death Penalty Mobilization Fund, which supports the anti-death penalty movement. The Michigan Partnership to Prevent Gun Violence was founded with support from Tides.

Tides allocated $75 million per year in donor money by 2009, most of which went to fund progressive political causes.

Tides has been the subject of rhetorical attacks by conservative commentators, including Glenn Beck and others on Fox News. In 2010, an assassin attempted to attack the offices of Tides, but was stopped by members of the California Highway Patrol. The assassin said they were inspired by what they had seen on Fox News. Following the attack, Pike called for advertisers to pull their sponsorships for programs on the network.

The Wikimedia Foundation, the non-profit organization which manages Wikipedia, has worked with the Tides Foundation since 2016. The multimillion-dollar Wikimedia Endowment was created in 2016 to support the Wikimedia projects and was managed by Tides until 2023, when it was spun off into its own nonprofit. In 2019, Wikimedia's incoming general counsel, Amanda Keton, became the head of Tides Foundation. In 2020, Wikimedia established a $4.5M donor-advised fund, the Wikimedia Foundation Knowledge Equity Fund, at Tides Advocacy.

In 2020, Tides conducted a campaign encouraging its donors to move funds from more static donor-advised fund accounts to Tides-led initiatives in one of the organization's grantmaking areas, spurring spending and grantmaking, leading to Tides providing approximately $200M in grants to promote civic engagement and combat voter suppression in 2024.

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