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From: The Chronicle of Philanthropy
Subject: Kresge and Hewlett Pour Another $45 Million Into Racial Equity
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Foundation GivingThese latest grant announcements add to the multi-billion response from philanthropy that has materialized since the killing of George Floyd by Minneapolis police in May.
OpinionToday I am committing one-third of my assets over my lifetime to give financial power to communities of color, so they can build a better life after all that societal injustice has taken from them, writes Kat Taylor.
FundraisingWhile donor interest in bequest and other deferred gifts is up, charities are cutting planned-giving programs’ budgets.
Arts and CultureFundraising at 70 North American arts organizations declined 14 percent across the first nine months of 2020 compared with the same period in 2019, according to a new report.
OpinionAs the NBA picks its new class, it is more important than ever that athletes follow James’s belief that community service matters as much as playing skills.
Nonprofit News From Elsewhere
Small, altruistic businesses have had their ads taken off Facebook during the social-media giant’s blackout period for political advertising. To stem the tide of misinformation that has swamped voters, Facebook banned ads addressing “social issues, elections, or politics” in the run-up to the presidential election and during the ballot-counting period afterward. But caught up in the ban have been companies that employ homeless youths, donate to refugee-resettlement efforts here or orphanages abroad, or work to eliminate single-use plastic. Unless extended, the blackout will run until mid-December, hitting some companies’ crucial holiday shopping period. Companies can appeal the ban. (New York Times)
The foundation established by the owner of Washington, D.C.'s NFL team has withered amid dwindling donations and sexual-harassment claims. Daniel Snyder set up the Washington Redskins Original Americans Foundation in 2014 amid pressure to change the name of his football team, which made the inaugural $5 million donation. In the intervening years, as Snyder has removed “Redskins” from the team’s and foundation’s names and public pressure has eased, donations to and gifts from the foundation have wound down. Also during that time, one now-former employee accused the organization’s executive director of sexual harassment. The team settled with the woman, who signed a nondisclosure agreement, but her complaint has been corroborated by another former employee. The most the foundation donated to Native American tribes was $3.7 million in its first year. (Washington Post)
- Jeff Bezos Gives Salk Institute $30 Million to Help Fight Climate Change With Plants (La Jolla Light)
- Philadelphia Housing Authority Vows to Send 240 Vacant Properties to Nonprofit Developers (Philadelphia Business Journal)
- Warhol Foundation Writer Grants Go to Jessica Lynne, Amy Taubin, Cecilia Fajardo-Hill, More (ARTnews)
- Florida Atlantic Gets $20 Million to Study Holocaust (Associated Press)
- Push for a National Latino Museum Takes Step Forward at Senate Hearing (NBC)
- In a Stunning Turn, Ari Roth Resigns From Mosaic Theater, the D.C. Company He Created (Washington Post)
- Antiabortion Groups Sue D.C. After Arrests for Chalking in Front of Planned Parenthood (Washington Post)
- ‘Soros’ Review: A Philanthropist in the Spotlight (New York Times)
- Philanthropy Won’t Save Jeff Bezos From Accountability (Mic.com)
- Oceanfront Property Tied to Obama Foundation Chair Granted Exemption From Hawaii’s Environmental Laws (ProPublica and Honolulu Star-Advertiser)
Philanthropy TodayPlus, nonprofit job growth is anemic as a new Covid wave looms, and how philanthropy can save local news — and our communities (opinion)
OpinionThe demise of local news organizations is sabotaging nearly every mission foundations and donors care about. Foundations can lead the way in ensuring businesses, government, and small donors contribute to the reinvention of the news industry so it truly serves our democracy.
Corporate PhilanthropyThe head of Levi Strauss Foundation calls for corporate foundations to invest is community nonprofits and shares benefits and lessons.
Background PaperMany meetings have little structure, and participants don’t always know if they need to turn on web cameras or whether it’s OK to leave them off.