Younger Donors Report More Financial Stress Than Older Generations

Plus, the Kavli Foundation picks a new leader, and a group of academics urge philanthropy to help persuade people to take the Covid-19 vaccine (letter to the editor) ADVERTISEMENT [Advertisement]( [logo] Was this newsletter forwarded to you? [Please sign up to receive your own copy.]( You’ll support our journalism and ensure that you continue to receive our emails. [Read this newsletter on the web](. RESEARCH [Younger Donors Report More Financial Stress Than Older Generations]( By Michael Theis The pandemic economy continues to put a heavy strain on households that donate to charities, and it’s getting worse among Millennial and Generation X donors, according to a new survey. ADVERTISEMENT [Advertisement]( TRANSITIONS [Harvard Chemistry Professor Will Be Next President of Kavli Foundation]( By M.J. Prest [image] Also, the Daniels Fund picks a new CEO, and the Commonfund Institute has a new executive director. LETTER TO THE EDITOR [An Urgent Plea to Philanthropy: Help Us Persuade People to Take the Covid-19 Vaccine]( A vaccine that only 50 percent of Americans take won’t be 95 percent effective. Our science-based communications tool needs to be activated now to eradicate vaccine hesitancy. PODCAST [Leader of a Nonprofit That Gives Grants for Community Building Talks About Effective Philanthropy]( [image] In the latest edition of Giving Done Right, a podcast produced by the Center for Effective Philanthropy, Tuandiscusses the complexities of being an effective philanthropist,… Paid for and Created by Independent Sector [A new take on KPIs and goal setting]( Redefining success can help organizations demonstrate value and serve as goodwill ambassadors for their mission. Now is the time to look at goals in a new light, and focus on what is in your sphere of influence. Nonprofit News From Elsewhere More than 95,000 people filed sexual-abuse claims against the Boy Scouts before a court-imposed deadline November 16. The Boy Scouts are in bankruptcy, with the aim of reorganizing their finances and creating a trust for abuse victims. A lawyer for the Scouts said the Chapter 11 process has cost them $41 million and the organization risks running out of money if the bankruptcy proceedings take much longer. Meanwhile, the pandemic has halted in-person scouting events, and revenues have fallen by 50 percent since last year — after membership had already dropped by a quarter over the past decade. A third party will now review the claims, some of which go back decades. The national organization has reported more than $1 billion in assets, and the Boy Scouts are trying to keep its local councils, some of which own valuable properties, out of the litigation. 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Donations Poured In ([Washington Post]( - New Nonprofit Breast Milk Bank Launches in San Diego ([San Diego Union-Tribune]( Subscribe to the Chronicle The Chronicle of Philanthropy is dedicated to helping nonprofits care for their clients and staff, manage financial setbacks, and stay connected with donors. Please consider subscribing, so that we may continue to provide essential news, resources, and analysis to the nonprofit world. [Subscribe Today]( Editor's Picks YEAR-END FUNDRAISING [Crises Shape Charities’ GivingTuesday Appeals]( By Emily Haynes and Eden Stiffman [image] Organizations are tweaking their messages to be relevant. But for the most part, they’re sticking with fundraising methods from past years. FUNDRAISING [Planned-Gift Donors Are Pledging Bigger Gifts During the Pandemic, New Report Says]( By Eden Stiffman [image] While donor interest in bequest and other deferred gifts is up, charities are cutting planned-giving programs’ budgets. OPINION [My Giving Pledge Promise Isn’t Enough: Why It’s Time for the Wealthy to Do More]( By Kat Taylor [image] Today I am committing one-third of my assets over my lifetime to give financial power to communities of color, so they can build a better life after all that societal injustice has taken from them, writes Kat Taylor. FOUNDATION GIVING [Kresge and Hewlett Pour Another $45 Million Into Racial Equity]( By Alex Daniels These latest grant announcements add to the multi-billion response from philanthropy that has materialized since the killing of George Floyd by Minneapolis police in May. ARTS AND CULTURE [Arts Groups’ Data Shows Fundraising Declines]( By Michael Theis [image] Fundraising at 70 North American arts organizations declined 14 percent across the first nine months of 2020 compared with the same period in 2019, according to a new report. Job announcement Director of Development at Bronx Charter School for the Arts.[Visit jobs.philanthropy.com]( for more details. ADVERTISEMENT [Advertisement]( Paid for and Created by Independent Sector [COVID-19 and the Unhealthy Relationship Between the Givers and the Doers]( Supporting regenerative neighborhood development through ecological, education, culture, and community organizing, the Morning Star Collaborative empowers residents to contribute to the restoration and self-sufficiency of their community. Note to Readers Because of the Thanksgiving holiday, we will not be sending Philanthropy Today next week. We will be back in your inbox on Monday, November 30. If any major news occurs during that time, we will update our website. Meantime, we wish you a relaxed and peaceful holiday, and we express our gratitude for all you are doing during these particularly trying times. Upcoming Webinar: Tips for Successful Online Meetings With Major Donors [Join Our Webinar]( — Many wealthy Americans have recovered from the initial economic jolt of the Covid-19 crisis, and they are giving generously. But mastering online meetings with big donors during social distancing is tricky. Join us on December 10 at 2 p.m. Eastern to learn from savvy major-gift fundraisers how best to connect with wealthy supporters — and attract large donations — virtually. You'll get expert advice on tailoring meetings to each donor’s preferences, fostering meaningful conversation, and asking for a gift in a virtual or socially distanced setting. [Register today to get the early-bird rate.]( Job Opportunities [President and Chief Executive Officer]( Kansas Health Foundation [Media Relations Director]( American Friends Service Committee [Search the Chronicle's jobs database]( to view the latest jobs in higher education. What did you think of today’s newsletter? [Strongly disliked]( // [It was OK]( // [Loved it](. [logo]( This newsletter was sent to {EMAIL}. 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