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Also, the Democratizing Philanthropy Project announces its first executive director, and Steve Waldman, the co-founder of Report for America, will now lead the Rebuild Local News Coalition.

The open letter, from the Melinda Gates’a Pivotal Ventures, Rihanna’s Clara Lionel Foundation, and the Ford Foundation and MacArthur foundations is intended to encourage others to support historically underfunded groups.

Effective altruism has gained traction and mobilized tens of billions of dollars, in part because of its popularity among some extremely wealthy donors.

Thousands of nonprofit beneficiaries are disappointed and concerned about finding ways to replace the funding.

The drop in confidence may be a side effect of fundraiser vacancies and overwork among those who remain on staff at colleges and independent schools.

Also, Fidelity Investments is awarding $250 million to efforts to enable students of color to enroll in college, and Wells Fargo pledged $20 million to its Invest Native program for economic development in Indigenous communities.

The Biden administration had used the Community Violence Intervention Collaborative to get funding to 50 small grassroots groups to fight gun violence.

Organizations are seeking loans and taking other steps to help keep workers, and those who are trying to build or renovate facilities are facing high borrowing costs. Meanwhile, foundation assets have been hit hard, so it might be tougher for nonprofits to obtain grants in the coming year or two.

With community organizing and savvy advocacy, grassroots nonprofits in Birmingham, Ala., Oakland, Calif., and other cities are gaining recognition and financing for the community-based programs to reduce shootings.

Plus, four Mars candy company heiresses together gave $22 million to support a science, technology, engineering, arts, and math programs at a prep school for girls.