A free email with news, trends, and opinion articles about the nonprofit world, as well as links to our tools, resources, and webinars. Delivered every weekday.
From: The Chronicle of Philanthropy
Subject: State Marijuana Revenue Is a New Source of Funding for Nonprofits
-
Finance and RevenueAs more states legalize marijuana, the revenue from sales is becoming an important source of funding for community-based nonprofits, but not all grant makers and nonprofits embrace that money. -
OpinionLike racial injustice, confronting climate change will require those of us in philanthropy to change our assumptions about how we operate our organizations, how we live, and the way we fund.
-
The Road to RecoveryHow to convert pandemic donors to annual donors, plan hybrid outdoor events, and more.
Nonprofit News From Elsewhere
MacKenzie Scott turned heads in the past year by giving away a lot of money quickly. There's evidence that her approach is catching on and that it does not present the hazards that have kept some philanthropies from moving fast. Scott made smart donations that freed recipients from administrative burdens by giving through community foundations and by having her advisers "undertake due diligence — both data-driven and qualitative input from a range of experts." Then she helped ensure lasting impact by choosing recipients such as historically Black colleges and universities. "There may be an immediacy to the funding, but the impact will be long term. It’s not about ending soon. It’s about starting soon,” said Chris Oechsli, who led Atlantic Philanthropies as it donated itself out of existence. (Robb Report)
A nonprofit is suing the state of Florida over a new law that increases punishments for planning or taking part in a "riot." In an Orlando federal court filing, the Legacy Entertainment & Arts Foundation argues that the measure violates free-speech rights. Decrying the law's "breathtaking scope," the group notes that it shields from lawsuits people who drive into protesters who are blocking a road and bans arrested protesters from bailing out of jail before their initial court hearing, among other things. Opponents have called the law a racist reaction to last summer's protests, most of which were peaceful. A spokesman for Florida Gov. Ron DeSantis said the law "protects businesses, supports law enforcement, and ensures punishment for those who cause violence." (Associated Press)
More News
- NRA Board Member Says Receivership Would End Gun-Rights Group (Wall Street Journal — subscription)
- Cash Payments Spread From Congress to Stockton to Brazil (Washington Post)
- Feds: Nonprofit CEO Enriched Himself by Not Paying Certain Taxes (Cincinnati Enquirer)
- Alumnus Leaves Hamilton College $22 Million (Hamilton College)
- Artists and Museums React to Derek Chauvin Conviction (Art Newspaper)
- Oscars Big Week: Sean Penn and Julia Louis-Dreyfus Among Celebrities Putting Philanthropic Endeavors at the Forefront (Variety)
-
Racial JusticeDonors, activists, and nonprofit leaders must seize this rare and special moment in the fight for racial justice — and be more willing to wade into the thorny issue of police conduct in particular, say grant makers, activists and criminal-justice experts.
-
Foundation GivingThe Kataly Foundation funds nonprofits in areas that have been shut out of the economic mainstream, makes sure investment returns stay in those neighborhoods, and builds relationships with small organizations led by people of color.
-
OpinionThe pandemic gave nonprofits a glimpse of how A.I. can change giving. Now foundations and nonprofits need to join forces to use these tools to jump-start a revolution in giving and ensure that organizations of all sizes and causes benefit.
-
ResearchCharities that directly responded to the health crisis or advocated for relief saw giving grow at nearly twice the rate as those that didn’t, according to a new poll.
-
GivingHistorian Benjamin Soskis takes stock of the past year’s crises and discusses how fundraisers and philanthropy leaders can adapt to a changed giving landscape and prepare for an uncertain future.
