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.
From: Philanthropy Today
Subject: How Fundraisers Can Navigate Election Season
We are unable to fully display the content of this page.
The most likely cause of this is a content blocker on your computer or network.
Please allow access to our site, and then refresh this page. You may then be asked to log in, create an account if you don't already have one, or subscribe.
If you continue to experience issues, please contact us at 571-540-8070 or cophelp@philanthropy.com
In a departure from his usual practice, Bill Gates has given $50 million to the main nonprofit supporting Kamala Harris’s bid for the presidency, according to sources cited by the New York Times. Gates has previously avoided making large political contributions in order to keep his philanthropy nonpartisan, and he has not publicly acknowledged this donation. But in a statement to the Times, he said that “this election is different, with unprecedented significance for Americans and the most vulnerable people around the world.” After consulting with philanthropist Michael Bloomberg, Gates made the gift to Future Forward USA Action, which is a 501(c)(4) nonprofit that can spend a limited amount on political activity. The Bill & Melinda Gates Foundation “is significantly concerned about potential cuts to family planning and global health programs if Mr. Trump is elected,” sources told the Times. (New York Times)
Background from the Chronicle: ‘Money Is Power': 44 Ultra-Wealthy Philanthropists Are Top Political Donors This Election Cycle
Over the past several years, huge donations that enabled prestigious medical schools to eliminate tuition may have exacerbated the inequities they were designed to combat. In a ballooning field of applicants, drawn by the lure of free tuition, wealthier students still hold the advantage, resulting in a lower percentage of admissions for students who are Black or categorized as “financially disadvantaged” at New York University’s Grossman School of Medicine. The NYU school received $100 million from Home Depot co-founder Kenneth Langone and his wife, Elaine, several years ago to eliminate tuition. Nor do the gifts seem to have routed more students into underserved regions or less lucrative specialties, as schools and donors had hoped. (Atlantic)
Background from the Chronicle: Mega Gifts Are Funding University Tuitions. Which Students Do They Help?
More News
Nonprofits and the Housing Crisis
Nonprofits and the ballot
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.
