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From: Philanthropy Today
Subject: As Recession Warnings Sound, What to Expect From Giving
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Billionaire philanthropist Michael Bloomberg’s gun control nonprofit will spend $10 million over the next two years to elect state Democratic attorneys general as a bulwark against the Trump administration. Everytown for Gun Safety will back candidates in 10 competitive races to protect states from actions by the Trump administration, Everytown president John Feinblatt said. With a largely compliant Republican-controlled Congress, courts have become the primary venue to challenge the administration. “We want to make sure that the A.G.s know that groups like us will support them if they do the right thing, and we want them to know that we have their back today and we’ll have their backs in 2026,” Feinblatt said. (New York Times)
Background from the Chronicle: Philanthropy’s Push to Stop Gun Violence
Deep-pocketed allies of San Francisco’s new mayor, Daniel Lurie, have launched a nonprofit to raise funds to rejuvenate the city’s troubled downtown. The Downtown Development Corporation, which includes leaders from tech, finance, the arts, philanthropy, and labor, will fund projects ranging from streetscaping to supporting small businesses. The nonprofit raises ethical questions about influential donors being solicited to support city projects, a local Common Cause executive said, as well as about what happens to the funds once Lurie is no longer mayor. Financier David Stiepleman, who will lead the DDC, said the goal is to use private funds to move quickly in the short term but ultimately to have the government take over. (KQED)
Background from the Chronicle: Did a $100 Million Effort Reduce Homelessness? The Results Are In
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