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From: Philanthropy Today
Subject: Foundations Could Potentially Give $20 Billion a Year More by Investing More Wisely
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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Finance and RevenueA new analysis shows that grant makers, whose assets fell 17.3 percent last year, could achieve stronger returns by not relying so heavily on professional money managers.
Donor RelationsTo build a donor survey that deepens connections and helps keep supporters giving, find out why they care about your work and what they value the most. Here’s expert advice on how to do that.
VideoStacy Schusterman, Regan Pritzker, and Anne Earhart explain whether recent global crises have changed their giving and talk about the power of philanthropy to improve people’s lives.
Grants RoundupAlso, the Lincoln Center for the Performing Arts received $50 million to name the new theater that will house the New York Philharmonic, and Panda Express awarded $1 million to support Asian American and Pacific Islander storytellers who are working in the arts, media, and film.
The key to year-end fundraising in 2022 is staying relevant amid economic woes and a pandemic that won’t end. Join us on demand or live today, August 11, to learn from veteran fundraisers which tactics and messages are working, tips for thanking — and keeping — big and small donors, and smart ways to stay connected so donors will give more at year’s end. Plus, you’ll get advice for using donor data to improve your year-end results. Register now.
NONPROFIT NEWS FROM ELSEWHERE
In barely more than a decade, effective altruism has grown from a few pockets of ascetic moral philosophers and big-picture money managers to dwarf even the largest foundations. Along the way, it has struggled to balance the needs of those living now with the fates of the potentially 100 trillion people who could at some time live on Earth. This “longtermism” adds another dimension to effective altruists’ hard-nosed calculations of which charitable acts can do the most good for the most people, or how to give away the roughly $46 billion that, by one recent estimate, the movement has at its disposal. With major funding from crypto billionaire Sam Bankman-Fried and Facebook billionaires Dustin Moskovitz and Cari Tuna, money has gone to contemporary causes, such as animal welfare; forward-looking issues, such as harnessing artificial intelligence and minimizing its risks; and issues that straddle the temporal divide, such as pandemic preparedness. Still, longtermism requires some ability to predict the future, and one of the movement’s leaders acknowledges, “It’s very, very easy to be totally mistaken.” (New Yorker and Vox)
Plus: Read about effective altruism’s early days from the Chronicle.
- Why Ken Griffin Outbid a Crypto Collective to Buy the U.S. Constitution and Loan It to a Museum (Wall Street Journal — subscription)
- A Donor-Run NIL Collective Is Coming to USC Football — Against the University’s Wishes (Los Angeles Times)
- OneOhio, Nonprofit in Charge of State Opioid Money, Sued Over Transparency (Columbus Dispatch)
- Mo. State Treasurer Defends Leadership Role in Nonprofit Working Against Climate Action (Kansas City Star)
Arts and Culture
- Native Americans Urge Boycott of ‘Tone Deaf’ Pilgrim Museum (Associated Press)
- Museum of Fine Arts, St. Petersburg’s Executive Director Steps Down (Tampa Bay Times)
- Penn Museum to Bury Skulls of Enslaved People (New York Times)
- A ‘Heist’ That Never Happened? Inside Years of Strife at the Philadelphia Insectarium (WHYY)
GivingGrant makers’ support of early-childhood education is boosting grassroots organizing and bipartisan advocacy — and spurring more government investment.
OpinionIndigenous people are typically reduced to an asterisk in research focused on BIPOC groups. As a result, the needs and aspirations of this population are nearly invisible to grant makers and governments.
OpinionRecent surveys show people are increasingly skeptical of nonprofits’ role and effectiveness — a perception that is reinforced by critiques from activists on the left and right. Halting this trend is critical but will require a willingness to ask hard questions and change some long-held practices.
LeadershipFor Isaiah Oliver, CEO of the Community Foundation of Greater Flint, helping with the city’s water crisis — and pandemic recovery — has allowed his leadership to shine through.
War in UkraineRazom for Ukraine has made $3 million in grants to grassroots relief efforts and spent $38 million on its own relief efforts. Chief among them: assembling and shipping tactical medical kits to Ukraine.