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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. Philanthropy Today subscribers also get a bonus weekly email called Philanthropy Today — The Commons, about how America’s nonprofits and foundations are working to heal the nation’s divides.

September 16, 2024
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From: Philanthropy Today

Subject: Race-Based Grants; and Warren Buffett's Wealth

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  • Co-founders and CEOs of The Fearless Fund Arian Simone, center left, and Ayana Parsons, center right, speak to journalists outside the James Lawrence King Federal Building in Miami, as they leave with their legal team following a hearing on Wednesday, Jan. 31, 2024.
    Diversity, Equity, and Inclusion

    Nonprofits, Legal Experts React to the Fearless Fund Decision to Shutter Grant Program to Black Entrepreneurs

    By Alex Daniels
    The settlement of a case that would have tested whether charities can make grants based on race — and perhaps put the decision before the Supreme Court — has left the issue in a legal gray zone.
  • FILE - Warren Buffett, Chairman and CEO of Berkshire Hathaway, left, plays bridge with Bill Gates, following the annual Berkshire Hathaway shareholders meeting on May 5, 2019 in Omaha, Neb. (AP Photo/Nati Harnik, File)
    Major Donors

    The Next Generation of Buffetts Is Poised to Become One of the Biggest Forces in Philanthropy

    By Thalia Beaty and Josh Funk, Associated Press
    Warren Buffett’s fortune, now valued at $144 billion, will go to a charitable trust managed by his three children when he dies, and the money must be given away within 10 years.
  • The Edward Kemeys "Lions" flank the Michigan Avenue entrance to the Art Institute of Chicago.
    Gifts Roundup

    Chicago’s Art Institute Lands $75 Million for Expansion

    By Maria Di Mento
    Plus, two brothers gave $75 million to UW-Madison for a new engineering building, the Mayo Clinic landed $50 million to expand cancer care to more underserved patients, Mackenzie Scott gave $40 million, and the Juilliard School received $20 million.
  • Letters to the Editor

    Steph and Ayesha Curry — Don’t Let a Lack of Tutors Derail Plans to Help Students

    The Currys’ recent announcement is laudable, but won’t work without investments in tutor-training programs.

WEBINARS

  • 091924_How to MeasureV2.ai_COP_newsletter_Plain.jpg

    September 19 at 2 p.m. ET | Register Now

    July 11, 2024
    Join us for How to Measure and Convey Impact, a session designed for communications and fundraising professionals. You’ll learn from Cindy Eby, founder and CEO of ResultsLab; Deidre Kennelly, principal of Kennelly Consulting; and Isis Krause, chief strategy officer at Philanthropy Together, how to collaborate with program staff to demonstrate the difference your organization makes.

Online Forums

  • Banner-300x600.jpg

    September 24 at 2 p.m. ET | Register Now

    August 14, 2024
    Join the Chronicle’s Stacy Palmer for The Future of Race-Based Grant Making, a conversation with Roger Colinvaux of The Catholic University of America, Marc Philpart of the California Black Freedom Fund, Carmen Rojas of Marguerite Casey Foundation, Thomas Saenz of MALDEF, and Olivia Sedwick, the Lawyers’ Committee for Civil Rights Under Law. They’ll discuss what comes next now that the Fearless Fund settled a court case that was widely watched as a barometer of what grant makers can do in the wake of the Supreme Court’s affirmative action ruling.

Nonprofit News From Elsewhere Online

Ending homelessness in Los Angeles in the coming decade would cost $20.4 billion, according to a draft analysis meant to serve as a roadmap to “functional zero” homelessness. That figure would require local, state, and federal governments to more than double their spending on the issue and would fund “36,000 permanent housing units for homeless residents with chronic health needs and build or subsidize 25,000 additional apartments for very low-income residents.” It also assumes that the city maintains its current level of shelter beds and interim housing through 2029. Los Angeles has about 45,000 homeless residents, 29,000 of whom lack shelter. (Los Angeles Times)

Background from the Chronicle: Did a $100 Million Effort Reduce Homelessness? The Results Are In

Conservative legal activist and funder Leonard Leo is pushing groups he supports to “weaponize” their plans by doing more acting and less talking. Leo, who reportedly has about $1 billion left from a $1.6 billion donation he received in 2021, told the groups he is doing a “comprehensive review” of his grant-making process. He wants them to “crush liberal dominance at the choke points of influence and power in our society,” according to a letter he sent to them. (Axios)

More News

  • Texas Civic Group Wants Judge to Block Ken Paxton’s Investigation Into Voter Registration Efforts (Texas Tribune)
    • Plus: At This West Texas Church, ‘The Lord’s Work’ Is Helping the Poor, Not Rewriting State Law (Texas Tribune)
  • Two San Diego Teens Investigated Their High School Foundation’s Finances. Then One Got Called In to the Principal (San Diego Union-Tribune)
  • Minnesota Public Radio and Nonprofit Braver Angels Want Minnesotans to ‘Disagree Better’ About Politics (Current)
    • Background from the Chronicle: ‘It’s Hard to Hate Up Close': Philanthropy, Polarization, and the Art of Conversation
  • An Orange County Nonprofit Got $1 Million to Build a Monument. Did It Really Cost That Much? (LAist)
  • New York Supreme Court Throws Out Lawsuit Accusing Helen Frankenthaler Foundation of Exploiting the Late Artist’s Legacy (ARTnews)

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

  • Visitors kayak across Jordan Pond, in Acadia National Park, Maine.
    Opinion | Good Gift, Bad Gift?

    Parks for the People

    By Amy Schiller September 12, 2024
    Lilly’s record grant to the National Park Foundation has some intriguing benefits.
  • FILE - Co-founders and CEOs of The Fearless Fund Arian Simone, center left, and Ayana Parsons, center right, speak to journalists outside the James Lawrence King Federal Building in Miami, as they leave with their legal team following a hearing on Wednesday, Jan. 31, 2024. (AP Photo/Rebecca Blackwell, File)
    Diversity, Equity, and Inclusion

    Fearless Fund Drops Grant Program for Black Women Business Owners in Lawsuit Settlement

    By Alexandra Olson, Associated Press September 11, 2024
    The case has been closely watched as a bellwether in the growing legal battle waged by conservative groups against corporate diversity programs.
  • 1388650084
    Work and Careers

    Nonprofit Employees Often Can’t Afford Basics, New Report Finds

    By Sara Herschander September 10, 2024
    More than one in five nonprofit workers in the United States is struggling to make ends meet, even as many dedicate their careers to helping others facing financial hardship, according to a new report released Tuesday.
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