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Philanthropy Today

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.

October 26, 2021
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From: Chronicle of Philanthropy

Subject: A Legacy of Sackler: Let’s Reconsider Philanthropic Naming Rights (Opinion)

On the Cover: Toward a More Just Nonprofit World

We profile 15 professionals whose ideas, writing, activism, and work are driving conversations about equity. Read about thinkers and doers, Twitter pros and essayists, philanthropy outsiders and insiders, and more.

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  • soskis-12-digital.jpg
    Opinion

    A Legacy of Sackler: Let’s Reconsider Philanthropic Naming Rights

    By Benjamin Soskis
    A court settlement with the family whose fortune was made in opioids set a new precedent, one that should influence how nonprofits think about plastering the names of their benefactors on buildings and programs.
  • This photo provided by Rise shows Christian Maboko, 18, of Kenya. Maboko is a Rise Global Winner for creating a program in his refugee camp to educate girls and young women about sexual and reproductive health.
    Foundation Giving

    100 Teens Get Lifetime Support to Foster Global Service Work

    Glenn Gamboa, Associated Press
    The winning teens, from 42 countries, will receive lifetime access to higher-education scholarships, career development, and funding for projects they create for public benefit.
  • Hand cutting into a baked pie filled with money. There  are silhouettes of a group of people standing in the background. The background is blue with a  bright cross star.
    Your Nonprofit Coach

    A Last-Minute Recipe for Year-End Fundraising Success

    By Joan Garry
    If you feel unprepared for year-end fundraising, here are steps to take between Halloween and December 31 to engage your board and attract gifts.

BRIEFINGS AND FORUMS

  • Image No Text-October Briefing
    Online Briefing

    How to Hire Fundraisers of Color

    Get advice from a recruiter and fundraising leaders who have had success diversifying fundraising teams. Plus, you’ll gain insights into the kinds of workplaces fundraisers of color seek out. Join us on October 27, at 2 p.m. Eastern.

Nonprofit News From Elsewhere

The Rockefeller Foundation is adding $150 million to its funding for a new effort to prevent future pandemics. The donation comes on top of $20 million Rockefeller invested in the Pandemic Prevention Institute over the summer. To be headquartered in Washington, D.C., the institute will aim to stop outbreaks within the first 100 days. It will be led by Rick Bright, former director of the U.S. government’s Biomedical Advanced Research and Development Authority. Other organizations backing the effort include the World Health Organization and Global Pandemic Radar, a “pathogen surveillance network” in Britain. (Politico)

The stock market’s long bull run has helped blow up the value of the superrich’s charitable foundations alongside their personal fortunes, just as Congress takes a long look at a proposed billionaire tax. For example, the bottom line for Elon Musk’s foundation, which is likely dominated by Tesla stock, grew a staggering 350 percent from summer 2019 to summer 2020, from $207 million to $930 million. Defenders of the status quo say those kinds of numbers demonstrate why it can be good for society when an entrepreneur focuses on “maximizing the value of his or her company” — but they also add fuel to a drive for a tax on billionaires’ wealth. Ariz. Sen. Kyrsten Sinema is reportedly considering giving her elusive support to some form of a billionaire tax championed by Mass. Sen. Elizabeth Warren, boosting its chances of passage, as an alternative to raising the corporate income tax rate. (Puck)

More News and Opinion

  • With Resettlement Agencies Overwhelmed, Afghan Refugees Can Be Sponsored by Private Citizens Under New Program (Wall Street Journal — subscription)
  • Opinion: This Movement Is Taking Money Away From Fossil Fuels, and It’s Working (New York Times)
  • Brown Expands Student Aid After Endowment, Fundraising Haul (Associated Press)
  • Fired After Endorsing Vaccines, Evangelical Insider Takes a Leadership Role at Southwestern Baptist Theological Seminary in Tex. (New York Times)

Major Gifts

  • Fifth Third Bank Unveils $20 Million Gift to Atlanta’s Grove Park Foundation (Atlanta Voice)
  • Alumnus Donates $20 Million for New Data Science Building at Ohio’s Miami University (Cincinnati Inquirer)

Arts and Culture

  • France Is Giving Looted Treasures Back to Benin. Some Worry it Will Open the Floodgates. (Associated Press)
  • After Pandora Papers, Met Officials Contacted U.S. Attorneys About Relics Cambodia Says Were Stolen (Washington Post)

Webinars

  • 110421_Email_Slices_COPWebinar_PPT_Coversize
    Grant-Seeking Webinar

    Today: Graceful Exits: How Foundations Can Ensure Nonprofits Succeed After Grants End

    Join us to learn from executives at The Nicholson Foundation, which will close in December, about how they communicated plans to grantees, staff members, and partners to set them up for success. Plus, you’ll get advice on how to build a supportive culture that fosters employee retention. Join us today at 2 p.m. Eastern.

Editor's Picks

  • Detail of giant blue-colored water pipes, a peculiar system used to pump away ground-water from flooded foundations of construction sites.
    Big Gifts

    MacKenzie Scott Shines a Light on Groups That Bolster Nonprofits and Foundations

    By Maria Di Mento October 5, 2021
    Organizations that work to strengthen philanthropy have long been underfunded and have struggled to win the attention of individual donors. But that might be changing after a rush of multimillion donations from Scott. Plus, see how recipients of her contributions are weighing whether to announce how much they got.
  • TOPSHOT - A wave carrying plastic waste and other rubbish washes up on a beach in Koh Samui in the Gulf of Thailand on January 19, 2021. (Mladen Antonov, AFP, Getty)
    Opinion

    To Help Save the Planet, Philanthropy Must Take a Deep Dive Into Ocean Conservation

    By Julie Packard October 25, 2021
    The United Nations Climate Conference next week should serve as a wake-up call for philanthropy both to recognize the role oceans play in mitigating climate change and to significantly step up funding to protect the world’s seas.
  • Donate online concept. Laptop with dollar money and donate box on screen. Young people using mobile gadgets such as smarthone, tablet pc and laptop to be donate money.  Flat vector illustration.
    Fundraising Regulation

    Calif. Law Aims to Make Online Giving Safer for Nonprofits and Donors

    By Eden Stiffman October 20, 2021
    Legislation signed by Governor Gavin Newsom earlier this month aims to ensure donors receive accurate information in charitable solicitations and that charities receive donations promptly.
  • Angela Williams.
    Leadership

    New United Way Worldwide Leader Is on a Mission to Improve the Culture of Organizations Far Beyond Her Own

    By Dan Parks October 20, 2021
    Angela Williams has taken the helm of the nation’s largest charity with a powerhouse résumé behind her — and a long list of challenges in front of her.
  • Husock-101921-art.jpg
    Opinion

    As Foundation Assets Balloon, Their Giving Needs to Catch Up — Now

    By Howard Husock October 20, 2021
    Rather than aiming their fire at donor-advised funds, those concerned about charitable giving should focus on large foundations, flush with stock-market cash, that have failed to match their growing assets with higher rates of nonprofit funding.
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