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From: Philanthropy Today
Subject: Young Fundraisers Are Shaking Up the Field
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The so-called “nonprofit-killer” provision has been removed from the budget bill making its way through the House of Representatives. Previously tucked into a package of amendments, the measure would have allowed the Treasury secretary to revoke groups’ tax-exempt status by deeming them supporters of terrorism “with little in the way of due process or evidentiary standards.” Republicans, sometimes with support from Democrats, have repeatedly tried to pass the measure following a wave of pro-Palestinian activism last year. It was not immediately clear why it was deleted from the current legislation, but the measure has raised concern not only among progressives but also among conservatives who fear they could be targeted under a different administration. (Intercept)
The imminent closure of two preschools funded by Mark Zuckerberg and Priscilla Chan is a reminder that education reform has repeatedly thwarted the best intentions of billionaire philanthropists. Their approaches have ranged from opening new schools (Zuckerberg and Chan, Jeff Bezos, Elon Musk) to working with existing systems (Bill and Melinda Gates, also Zuckerberg and Chan), but results have been mixed at best. One education consultant likened education philanthropy to a challenging venture capital investment. “I think in some cases what some folks might view as failures actually reflect a degree of situational awareness and self-awareness about, wow, this problem is a lot harder than we thought,” he said. (Fortune)
The Court Docket
Cuts and Freezes Hit Home
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The Chronicle will provide financial support and training to five news organizations across the United States to bolster reporting on philanthropy and nonprofits in their communities including examining the impact of federal funding cuts to domestic violence organizations and disaster recovery efforts, and the state of philanthropy in Puerto Rico.
