Fight Erupts Over Whether Donor-Advised Fund Bill Would Help or Hurt Community Foundations
The Senate measure has special provisions designed to make it easier for community foundations to compete against commercial sponsors of donor-advised funds. But leaders of the foundations say they fear the measure will dampen giving and add new regulatory burdens.
Family Foundations Change Priorities Over Time, as New Generations Call the Shots
Eventually, the foundations give less money in their founder’s community and gradually make religious causes less of a funding priority.
Ford Foundation to Give $25 Million to Support Workers Who Lack Labor Safeguards
Also, the World Central Kitchen is putting $50 million into a climate disaster fund and aims to raise $1 billion more, and the social-media company that operates Snapchat has given $10 million to address racial-equity gaps in computing education.
High-Powered Effort to Help Resettle Afghan Refugees Awards $8.3 Million in Grants
Officials from the Bush and Obama administrations started Welcome.US, which aims to make it easier for people and businesses to plug into efforts to welcome refugees.
Some Grant-Making Changes Made During Pandemic Are Going Away
Most foundations shifted the way they made grants, but only 21 percent have kept all of those changes in 2021.
Nonprofits See Strong Hiring in October
A new report projects it will be at least August or September 2022 before nonprofits surpass pre-pandemic employment levels.
Salk Institute Lands $100 Million From Qualcomm Founder
Plus, the Baltimore financier Bill Miller gave $50 million to the Santa Fe Institute to expand its work in complex systems science, and Mike and Maria Repole gave $50 million to the Memorial Sloan Kettering Cancer Center.
Americans’ Trust in Charity Holds Steady Amid Pandemic, Poll Finds
Civil-rights and community-action charities fared better than other nonprofits in gaining the confidence of Americans.
George Gund Foundation Chooses New President
Also, Strada Education Network has picked a new leader, and Greg Baldwin plans to step down as CEO of VolunteerMatch.
Growth in Giving Slowed in Second Quarter
Strong giving in 2020 and the first quarter of 2021 have begun to taper off, signaling potential volatility as nonprofits head into the year-end fundraising season.