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From: Philanthropy Today
Subject: Alarmed by DOGE Cuts, Nonprofits Plan for the Worst
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President Trump’s attempts to squash diversity, equity, and inclusion programs has focused attention on a nonprofit that has worked to increase diversity on Wall Street for decades. The Equal Employment Opportunity Commission has asked more than 20 major companies about their ties to Sponsors for Educational Opportunity, a nonprofit that helps place entry-level talent in law offices and Wall Street firms. The organization has a track record of attracting diverse professionals early in their careers who then move into senior leadership, said Porter Braswell, founder of 2045 Studio, a membership network for professionals of color. But according to the EEOC, training awarded to people because of their race could be considered unlawful discrimination (New York Times)
The nonprofit producer of “Sesame Street” faces serious financial woes. Sesame Workshop laid off about 20 percent of its staff, or 200 people this month, in part because it is losing a contract from HBO which paid it at least $30 million a year in distribution rights. What’s more, as the Trump administration attempts to dismantle foreign assistance programs, the organization has lost government grants that pay for global distribution. Congress is poised to further cut its federal support in the months to come. (New York Times)
The USAID Shutdown
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