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Huge Gifts Are Funding College Tuition. Who Are They Helping?

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Mon, Apr 29, 2024 03:03 PM

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Plus, what donor revolts mean for fundraising; and the University of Illinois lands $50 million ADVE

Plus, what donor revolts mean for fundraising; and the University of Illinois lands $50 million ADVERTISEMENT [Philanthropy Today Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. HIGHER EDUCATION GIVING [Mega Gifts Are Funding University Tuitions. Which Students Do They Help?]( By Stephanie Beasley [STORY IMAGE]( In 2018, Michael Bloomberg gave $1.8 billion to Johns Hopkins to enable academically qualified low- and middle-income students attend his alma mater. The impact of this and other tuition-related gifts is becoming clear. ADVERTISEMENT FUNDRAISING [What Do Donor Revolts Mean for Fundraising?]( By Rasheeda Childress [STORY IMAGE]( Nonprofits may face a new set of demands over naming rights and other issues. GIFTS ROUNDUP [Univ. of Illinois Lands $50 Million From Tech Billionaire Tom Siebel]( By Maria Di Mento [STORY IMAGE]( The gift launches the Siebel School of Computing and Data Science. Plus, private equity titan Michael Kim gives Haverford College $25 million for an ethics institute, and Riley Children’s Foundation lands $8 million to address the youth mental health crisis. WEBINARS [May 9 at 2 p.m. ET | Register Now]( [STORY IMAGE]( What does it take to create a vibrant culture of fundraising among board members? Join us for How to Get Your Board to Raise Money to learn from two veteran fundraising executives how to solve this perennial challenge. They’ll explain how to build a board that suits your organization’s goals, match individuals’ skills to different roles, set new board members up for success, and create a fundraising tool kit that empowers board members to raise money. [May 21 at 2 p.m. ET | Register Now]( [STORY IMAGE]( Unlocking the full potential of a donor database can help fundraisers identify donors and giving opportunities with the greatest potential, segment supporters into groups and tailor messages to their interests, and take gift prospecting to the next level. Join us on Tuesday, May 21, for Using Data to Boost Giving to learn how to better manage and analyze donor data to reveal the stories it can tell to make fundraising at all levels more strategic. SPONSOR CONTENT | Classy [Embracing the Era of Empowered Fundraisers]( ONLINE FORUMS [Today, April 29 at 2 p.m. ET | Register Now]( [STORY IMAGE]( Join the Urban Institute’s Center on Nonprofits and Philanthropy and the Chronicle for The Place of Pluralism in Charitable Giving. We’ll gather the following leading figures in charitable giving and philanthropy to ask what role pluralism does and should play in the sector, a key theme of [The Commons]( the Chronicle’s new section focused on how nonprofits and foundations can best heal the nation’s divides: Aisha Alexander-Young, Sam Gill, Brian Hooks, Stacy Palmer, Hilary Pennington, Benjamin Soskis, Tené Traylor, Lori Villarosa. SUBSCRIBE TO THE CHRONICLE [Chronicle of Philanthropy Subscription] Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. Nonprofit News From Elsewhere Online PEN America has canceled its World Voices Festival, an annual celebration of embattled artists conceived by author Salman Rushdie, and faces an “existential crisis” following the cancellation of its literary awards last week when nearly half of the nominees pulled their names from consideration. Critics say the free-speech champion is guilty of “moral abdication” for not speaking out sooner or more forcefully against the Israeli invasion of Gaza following the Oct. 7 Hamas attacks. In response, PEN American called for an immediate ceasefire and return of Israeli hostages but stressed that “as an organization open to all writers, we see no alternative but to remain home to this diversity of opinions and perspectives, even if, for some, that very openness becomes reason to exit.” ([The Atlantic]( Background from the Chronicle: [The Israel-Hamas War Is Tearing Nonprofits Apart. But Some Are Bridging Staff Divides]( The connection between philanthropist George Soros and student activists protesting the Israeli offensive in Gaza is “so tenuous as to be obviously contrived” and reflects a visceral antisemitic response to the billionaire’s support for social justice causes, writes the Washington Post. ([Washington Post]( Background from the Chronicle: [Columbia U.'s Firestorm Is Just the Beginning. Here’s How Philanthropy Can Respond]( More News and Opinion - More Women Work in Nonprofits. So Why Do Men End Up Leading Them? ([Harvard Business Review]( - Beyond Pulling Donations: Business Executives Who Are Concerned About Antisemitism on College Campuses Have Other Options for Influencing The Schools’ Actions ([New York Times]( - Seeking Engagement and Purpose, Corporate Employees Turn to Workplace Volunteering ([Associated Press]( - Reduce, Reuse, Resale: Sunnyvale Nonprofit Supplies Leftover Fabric, Craft Supplies at Affordable Costs ([The Mercury News]( - Wiping Out Polio ‘Not Guaranteed’, Support Needed, Bill Gates Says ([Reuters]( - Opinion: Five Best: Books on Philanthropy ([Wall Street Journal]( — subscription) - Essay: Can Nonprofit News Save the South From Itself? ([New York Times]( 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 JOURNALISM [After Shaky Start, Philanthropy Coalition’s $500 Million Local News Effort Takes Shape]( By Alex Daniels [STORY IMAGE]( The long-awaited Press Forward initiative, led by the MacArthur and Knight foundations, focuses on small newsrooms that have been reeling from financial pressures. OPINION [A New Lawsuit Could Erase the Red Line Between Politics and Charity]( By Craig Kennedy [STORY IMAGE]( If successful, the suit brought by a small nonprofit would damage the charitable world’s legitimacy and fuel partisan divisions. ADVICE [Turn Introversion Into Your Fundraising Super Power]( By Emily Haynes [STORY IMAGE]( The author of “Fundraising for Introverts” shares how the trait can be a real benefit in the nonprofit world. ADVERTISEMENT RECOMMENDED WEBINAR [Join our webinar]( — It’s an age-old problem: many nonprofit CEOs and senior leaders struggle to persuade board members to raise money — even though trustees care deeply about the nonprofits they serve. Experts cite a variety of reasons, including the need to define roles and responsibilities when recruiting board members. What does it take to create a vibrant culture of fundraising among board members? Join us on Thursday, May 9, at 2 p.m. Eastern to learn from our expert guests as they share proven ways to solve this perennial challenge. [Register now.]( JOB OPPORTUNITIES [Apply today](. [Alumni Engagement & Giving Officer]( The Bishop's School [Senior Specialist, Grant Making and Engagement in STEM Education Space]( Society for Science [Search other jobs.]( [Chronicle of Philanthropy Logo]( This newsletter was sent to {EMAIL}. [Read this newsletter on the web](. [Manage]( your newsletter preferences, [stop receiving]( this email, or [view]( our privacy policy. © 2024 [The Chronicle of Philanthropy]( 1255 23rd Street, N.W. Washington, D.C. 20037

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