How to Help Board Members Raise More Money

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May 15, 2024

From: Philanthropy Today

Subject: How to Help Board Members Raise More Money

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Boards

How to Create a Culture of Fundraising on Your Board

By Lisa Schohl

You shouldn’t assume trustees know how to raise money simply because they joined your board, experts say. Here are nine ways to build a board that prioritizes fundraising — and help them succeed.
Philanthropists

Marc Benioff Lunch Auction Raises $1.5M for Charity. Not Bad for First Year Without Warren Buffett

By Josh Funk, AP Business Writer

This is the first year that a meal with Benioff, Salesforce’s chairman and CEO, was the prize of the auction, which benefits the Glide Foundation in San Francisco.
Grants Roundup

Kataly Foundation and Bank of America Commit $84 Million for Community-Development Fund

By M.J. Prest

Also, Robin Hood gave $35 million to almost 100 nonprofit groups to increase financial stability for low-income residents of New York City, and $22 million will launch the GE Aerospace Foundation, which will develop a pipeline of engineers from a variety of backgrounds.
Letters to the Editor

Good News: IRS Rules Allow Some Nonprofit Advocacy

Educating the public through advocacy is essential, and misconceptions about what’s allowed shouldn’t stand in the way.

WEBINARS

Today, May 21 at 2 p.m. ET | Register Now

April 12, 2024

Unlocking the full potential of a donor database can help fundraisers identify donors and giving opportunities with the greatest potential, segment supporters into groups and tailor messages to their interests, and take gift prospecting to the next level. Join us on Tuesday, May 21, for Using Data to Boost Giving to learn how to better manage and analyze donor data to reveal the stories it can tell to make fundraising at all levels more strategic.

Nonprofit News From Elsewhere Online

Republicans in the House of Representatives are barring earmarks, money in spending bills designated by members to projects in their districts, that are directed to specific nonprofits, in an effort to ensure that none of that money goes to LGBTQ organizations. The 2024 spending bill that passed contained earmarks worth $1 billion requested by House members for more than 900 projects. Democrats say the move will hurt an array of worthy groups, including food banks, shelters, and youth programs. (New York Times)

Pursuit, a nonprofit jobs program in Queens, N.Y., that once ran afoul of the bureaucracy thanks to its atypical approach, is pushing for more flexibility from regulators. In a yearslong process, Pursuit helps low-income workers land and keep better-paid jobs. A condition that successful students contribute back to the program on a sliding scale raised concerns for regulators, but Pursuit’s leaders are working with state lawmakers to create a legal framework for it and similar programs. (New York Times)

More News and Opinion

Senate GOP Bill Seeks to Protect Anonymous Nonprofit Donors (Roll Call)
Former Far-Right Hard-Liner Says Billionaires Are Using School Board Races to Sow Distrust in Public Education (ProPublica)
Investigation Sought of Abuse Allegations at Christian Boarding Schools in Missouri (Los Angeles Times)
As Melinda French Gates Leaves the Gates Foundation, Many Hope She’ll Double Down on Gender Equity (Associated Press)
Harry and Meghan’s Archewell Foundation Is ‘Delinquent’ in California. What Does That Mean? (Los Angeles Times)
Opinion: Can Nonprofits That Help Organize Protests Lose Their Tax Exemptions? (Reason)

Arts and Culture

Chicago’s Museum of Science and Industry Renamed For Florida Billionaire Ken Griffin (Block Club Chicago)
Few U.S. Art Museums Are Upfront With Data That Could Help Them Achieve Their Public Service Missions, Research Reveals (Barron’s)
Boston’s Museum of Science to Unveil Major Renovation in Mid-2026 (Boston Globe)

Note: In the links in this section, we flag articles that only subscribers can access. But because some journalism outlets offer a limited number of free articles, readers may encounter barriers with other articles we highlight in this roundup.

EDITOR'S PICKS

Philanthropists

Melinda Gates’s $12.5 Billion Separation Agreement Is a Windfall for Women’s Causes

By Alex Daniels and Stephanie Beasley May 14, 2024

While she is widely expected to devote billions to women’s causes, she has been undertaking other efforts that could be just as consequential for philanthropy.
Opinion

Expiring Tax Breaks, Charitable Giving, and What’s at Stake for Philanthropy

By Jack Salmon May 8, 2024

Proposed changes to the tax code will significantly reduce donations, the author argues, spelling trouble for charities.
Individual Giving

The $230 Billion Donor-Advised Fund Industry Gets an IRS Hearing

By Stephanie Beasley May 8, 2024

Congress and the Biden administration are considering what should be done to crack down on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes.