Author: By Michael Theis and Dan Parks
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Giving Plunges 6% in First Quarter, Signaling $25 Billion in Lost Revenue for Nonprofits
Individual giving declined 6 percent in the first quarter of this year compared with last year, a trend that would lead to $25 billion in lost revenue for nonprofits if it continues throughout 2020, according to a new survey. Chronicle of Philanthropy | https://www.philanthropy.com/rss/allGoto full post >>
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Clara Lionel Foundation, Dorsey commit $11 million for racial equity
Established by entertainer Rihanna, the foundation, in partnership with Square CEO Jack Dorsey’s #startsmall initiative, has announced grants to a dozen nonprofits working to advance criminal justice and policing reform…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Genesis Prize Foundation awards funds to groups fighting anti-Semitism
Grants were awarded to twenty-six Israeli organizations working to promote narratives that counteract efforts to delegitimize Israel…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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UK creative industries face $92.7 billion loss in 2020 due to COVID-19
A report commissioned by the London-based Creative Industries Federation suggests that the United Kingdom’s creative industries may see a 30 percent year-over-year decline in revenues and a 20 percent drop in employment due to the global health emergency…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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The Coronavirus Has Revealed the True Nature of Hunger in America (Opinion)
The philanthropic patchwork that feeds millions of families is now stretched to its limits and our âworld classâ market-based food system is imploding. We need immediate and bold action to reverse this food-security death spiral, says the former head of Oxfam America. Chronicle of Philanthropy | https://www.philanthropy.com/rss/allGoto full post >>
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Eli Lilly, Lilly Foundation commit $25 million for racial justice
The commitment will support efforts to develop and support solutions to racial inequity and advance social justice in Indianapolis, regionally, and nationally…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Black Lives Matter: From Protests to Lasting Change (Opinion)
Black Lives Matter shares traits with other successful social movements of our time, most notably efforts to gain support for same-sex marriage, writes a scholar of nonprofit advocacy. Chronicle of Philanthropy | https://www.philanthropy.com/rss/allGoto full post >>
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University of Michigan receives $30 million for diabetes institute
With the aim of advancing U-M faculty-led research with the potential for rapid clinical application, the gift from Ronald N. and Eileen L. Weiser will establish the Elizabeth Weiser Caswell Diabetes Institute…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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IRS Looks to Limit Tax on Nonprofit Pay Above $1 Million
The Internal Revenue Service has proposed regulations that limit the scope of a tax on executive compensation at nonprofits, a rule included in the 2017 tax overhaul. Chronicle of Philanthropy | https://www.philanthropy.com/rss/allGoto full post >>
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Foundations pledge support for COVID-19 relief – update (06/17/2020)
U.S.-based foundations announcing commitments in recent days in support of COVID-19 relief and response efforts include the Daniels Fund, the Kresge Foundation, and St. David’s Foundation…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Who Holds Philanthropy Accountable for Racial Justice? (Dispatches)
The Movement for Black Lives is doing something new by getting grant makers to call their peers. Now we need a bigger push to ensure weâre all working every day to advance change, writes Lisa Pilar Cowan of the Robert Sterling Clark Foundation. Chronicle of Philanthropy | https://www.philanthropy.com/rss/allGoto full post >>
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Charitable giving in 2019 up 4.2 percent, 'Giving USA' finds
According to Giving USA 2020, charitable giving in 2019 rose 4.2 percent (2.4 percent adjusted for inflation) to an estimated $449.64 billion, the highest level on record, driven largely by giving by individuals…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Nonprofit Leaders Get Used to the Uncertainty and Focus on the Big Picture
Staying nimble and recognizing that best-case scenarios will not be normal is key, but nothing is more important than focusing on mission, writes Al Cantor, a nonprofit leadership consultant. Chronicle of Philanthropy | https://www.philanthropy.com/rss/allGoto full post >>
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Northwestern receives $15 million for institute of epigenetics
The gift will establish the Simpson Querrey Institute for Epigenetics and support the institute’s operations, recruitment of investigators, and seminar and symposium programs…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Shubert Foundation awards $32 million in performing arts grants
General operating support grants ranging from $10,000 to $325,000 were awarded to nonprofit theater and dance companies, professional theater training programs, and related service agencies…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Southeast Louisiana nonprofits hit hard by COVID-19
A study commissioned by the Greater New Orleans Foundation found that 67 percent of respondents said they anticipated having cash-flow problems over the coming months, while 57 percent said they had postponed a major fundraising event — resulting in, on average, a 34 percent hit to their annual revenues…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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Young African Americans More Hopeful About Social Change Than Whites, Survey Shows
Seventy two percent of African Americans believe that rallies, petitions, and other actions taken to address racial inequality, discrimination, and social injustice will be effective, compared with 58 percent of whites. Chronicle of Philanthropy | https://www.philanthropy.com/rss/allGoto full post >>
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African-American foundation leaders call for action on racism
Organized by ABFE, the joint statement outlines a set of “imperatives” for ensuring the well-being of Black communities and guiding the philanthropic community’s response to the COVID-19 crisis…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>
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After the Protests, Will Philanthropy Do the Right Thing This Time Around? (Opinion)
The well-meaning response to 1960s civil unrest by foundations and nonprofits too often failed to produce the desired results. Now we have a chance to do a better job. Chronicle of Philanthropy | https://www.philanthropy.com/rss/allGoto full post >>
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Leading foundations to boost grantmaking by $1.725 billion
The Doris Duke Charitable Foundation, Ford Foundation, W.K. Kellogg Foundation, John D. and Catherine T. MacArthur Foundation, and Andrew W. Mellon Foundation have announced a joint commitment to increase their grantmaking by $1.725 billion over two years…. Philanthropy News Digest | https://philanthropynewsdigest.org/rss/feed/pndnewsGoto full post >>