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From: Philanthropy Today
Subject: 2023 Begins With Cooling Inflation and Strong Job Market for Nonprofits
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Economic OutlookOrganizations 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.
OpinionAt a time of growing distrust in philanthropy and stagnant or declining giving, it’s no longer tenable to maintain a system that allows donors to reap rewards through the nonprofits they fund.
AdviceLivestreams can bring in big sums. The gaming fundraising event Extra Life, for example, has raised more than $100 million for Children’s Miracle Network Hospitals since 2008. Plus: Read how livestreamers are upping their game to raise money for charity.
Join Our Next Webinar — Fundraisers planning events have a lot to juggle: keeping people safe from illness, entertained, and inspired — while staying within budget as expenses rise. How can you plan a successful event this year — and maximize results — amid uncertainty? Join us today, Thursday, February 9, at 2 p.m. Eastern for actionable advice and real-world examples from two experts. They’ll share proven ways to build community, raise more money, and create a plan that can be adapted if circumstances change. Register now and join us this afternoon.
Nonprofit News From Elsewhere Online
Even as a stock-market tumble dented the net worths of the country’s richest people, big philanthropists upped their giving in 2022, according to Forbes’s annual rundown of the top 25 givers. The most generous in absolute lifetime numbers was Warren Buffett, who Forbes reckons donated about $5.4 billion worth of Berkshire Hathaway stock last year, for a lifetime total of $51.5 billion. Bill Gates gave $20 million to the Bill & Melinda Gates Foundation last year, but Forbes counts only gifts to ultimate beneficiaries and not to way stations such as donor-advised funds or donor-controlled foundations. Newcomers to the list were Google co-founder Sergey Brin ($2.55 billion) and hedge-fund magnate Ken Griffin ($1.56 billion). And in the past three years, MacKenzie Scott’s donations, at $14.43 billion, have outpaced everyone else’s except Buffett’s, the Gateses’, and George Soros’s. (Forbes)
Activists who made their name propagating the lie that the 2020 presidential election was stolen raised funds last year to start a mobile hospital in Ukraine that never materialized. Gregg Phillips and Catherine Engelbrecht, leaders of the True the Vote nonprofit in Texas, launched an appeal after Russia’s invasion of Ukraine to erect a mobile hospital there, but Phillips’s lawyers said in December that a March visit to the country put him off the idea. Still, Phillips continued to raise funds for it as late as June, and his lawyers now say the abandonment of the hospital was a more gradual decision. At some point, the project’s website said it had raised half of the $25 million needed, but his lawyers said that was an in-kind donation from the mobile hospital manufacturer — who denies making such a gift. Lawyers said the pair had raised $268 for the project and returned it all to donors. A marketing firm hired for the project complained to the state’s attorney general about not getting paid, and True the Vote has now settled those invoices. (ProPublica)
- Russia Calls Sakharov Foundation ‘Undesirable’ (Associated Press)
- Elevate Prize Expands to 12 Winners in 2023 for Strong Field (Associated Press)
- The Organizer of an Annual Charity Raffle to Win a Tesla Says He’s Struggling to Sell Tickets This Year Because of Elon Musk’s Antics (Insider)
- AmazonSmile Charity Program Ends. Will Amazon Help Other Charities? (Deseret News)
- Looking for Amazon Alternatives for Ethical Shopping? Here Are Some Ideas (NPR)
Arts and Culture
InnovationThe new domain can be used by charities to complement their main site and make fundraising more efficient or by individuals to create sites to solicit gifts for charities or by corporations to highlight their social-responsibility programs.
Next-Gen PhilanthropistsJessie Bluedorn saw firsthand how an innovative small-scale approach to environmental justice could alter lives. That has inspired her grant making. Plus: See the rest of our special report on young donors.
Philanthropy ResearchImpact isn’t the only thing big donors care about; they often want to be part of a large community, says a new study of people with at least $1 million in assets.
Research and DataFoundation giving was 15 times greater in the year after the pandemic struck. But the emphasis on immediate relief worries experts, especially as climate change makes natural disasters more frequent and devastating.