The IRS Takes a Close Look at DAFs

Plus, a House panel raises concerns about donations made from a liberal philanthropy; and a new $300 million global-health effort ADVERTISEMENT [Philanthropy Today Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. INDIVIDUAL GIVING [The $230 Billion Donor-Advised Fund Industry Gets an IRS Hearing]( By Stephanie Beasley [STORY IMAGE]( Congress and the Biden administration are considering what should be done to crack down on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes. GOVERNMENT AND REGULATION [Is a House Panel Providing Charity Oversight or ‘Ideological Policing?’]( By Alex Daniels [STORY IMAGE]( The Republican chair of the House Ways and Means Committee has raised concerns about donations from the Tides Foundation to the U.S. Chamber of Commerce and its associated foundation. YOUTH [Boy Scouts of America Changing Name to More Inclusive Scouting America After Years of Woes]( By Jamie Stengle, Associated Press [STORY IMAGE]( It’s a significant shift to focus on inclusion as the organization emerges from bankruptcy following a flood of sexual abuse claims. GRANTS ROUNDUP [Novo Nordisk, Wellcome, and Gates Foundation Partner on $300 Million Global-Health Effort]( By M.J. Prest [STORY IMAGE]( Also, the Otto Bremer Trust gave $12.5 million to enhance quality of life for residents of Minnesota, Montana, North Dakota, and Wisconsin, and Global Impact awarded $12 million to use social media to build confidence in vaccines. WEBINARS [Tomorrow: 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 | Ganbina [The Lives Changed Through Philanthropy]( Nonprofit News From Elsewhere Online The Invisible Institute, a nonprofit newsroom of about a dozen journalists on Chicago’s South Side, has won two Pulitzers this year, for a podcast on the effects of a 1997 hate crime in a city housing development and an investigative series on missing Black girls and women. ([New York Times]( Background from the Chronicle: [After Shaky Start, Philanthropy Coalition’s $500 Million Local News Effort Takes Shape]( More News - Demand on Michigan Food Banks Is Outpacing Even Pandemic Levels ([Crain’s Detroit Business]( - Robert Kraft’s Foundation to Air Ad Slamming Antisemitism at Campus Protests During NBA Playoffs ([Jewish Telegraphic Agency]( - Florida A&M University Board of Trustees Vice Chair Calls for Emergency Meeting, ‘Transparency’ on $237M Gift ([Tallahassee Democrat]( - Buffalo’s 43North Foundation Commits to $100 Million Investment in Startup Community ([Buffalo News]( - The Real Meaning of Divestment: This Isn’t a Financial Issue, But a Political One. ([Atlantic]( - About 200 British Charities Set to Lose Royal Patronage ([Third Sector]( Arts and Culture - The British Museum’s Blockbuster Scandals ([New Yorker]( - The Temperature Inside These L.A. Museums Is Changing. Why That’s a Win for Climate Action ([Los Angeles Times]( - At SFMOMA, Disability Artwork Makes History ([New York Times]( - How Much Money Did This Year’s Met Gala Raise? ([New York Times]( - Dozens Arrested After Pro-Palestine Protest at the Art Institute of Chicago ([Artnet News]( 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. SUBSCRIBE TO THE CHRONICLE [Chronicle of Philanthropy Subscription] Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. EDITOR'S PICKS EXECUTIVE LEADERSHIP [A Really Tough Job: Nonprofit CEOs Work to Make Their Roles More Manageable]( By Ben Gose [STORY IMAGE]( 96% of the leaders in the Chronicle’s exclusive survey report a high level of job satisfaction. But the demands are relentless. SURVEY [Gen Z Donors Are Coming. Here’s What Your Nonprofit Needs to Know]( By Emily Haynes [STORY IMAGE]( A new report looks at how young donors like to give and how nonprofits are engaging them. FUNDRAISING [When a Warm Glow Isn’t Enough: Donors Respond to Tokens of Appreciation, Research Says]( By Rasheeda Childress [STORY IMAGE]( When people who aren’t already deeply motivated by a cause know they’ll get something in return, they are more likely to donate, the research found. ADVERTISEMENT RECOMMENDED WEBINAR [Join our webinar]( — Many nonprofit leaders are overlooking a treasure in their midst: the donor database. Unlocking the full potential of a donor database can: prioritize giving opportunities that have the greatest potential; enable fundraisers to segment donors into groups and tailor messages to their interests; and take donor prospecting to the next level. Join us on Tuesday, May 21, at 2 p.m. ET to learn how to better manage and analyze donor data to reveal the stories it can tell and make fundraising, at all levels, more strategic. [Register now.]( JOB OPPORTUNITIES [Apply today](. [Director of Development]( RIVET [Executive Director]( The Netherland-America Foundation [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