Education Trust Names Interim CEO as John King Starts Md. Gubernatorial Run

Plus, in a letter to the editor, two former foundation officials support the idea of holding foundations accountable for high salaries and other expenses 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](. TRANSITIONS [Education Trust Names Interim CEO as John King Starts Md. Gubernatorial Run]( By M.J. Prest [image] Also, Open Society Foundations names a new senior official, the Poetry Foundation has appointed its first president of color, and the National Crime Prevention Council has a new chief executive. ADVERTISEMENT [Advertisement]( LETTER TO THE EDITOR [We Agree, Foundations Should Be Held Accountable for High Salaries and Staggering Expenses]( Two former foundation officials support the idea of challenging the “staggering” redirection of charitable dollars to pay for “bloated foundation staff” and administrative expenses. Paid for and Created by Independent Sector [Here’s Why Racial Justice is Already in Your Nonprofit Mission]( Emphasizing DEI throughout all aspects of their nonprofit, Our Clubhouse is bringing new perspectives, research, member feedback and demographic information to their board of directors, propelling racial justice initiatives. Nonprofit News From Elsewhere The U.S. system of food charity has been essential during the pandemic, but it also papers over, or even helps perpetuate, widespread food insecurity. Food banks subsidize poverty-level wages and take the heat off of corporations to pay a living wage. Meanwhile, they give favorable publicity to those same corporations, some of which donate food by the ton. Food banks are often governed by white board members from private industry, a world away from their clients, many of whom are people of color. “Food philanthropy is focused on mitigating rather than ending hunger because it is connected to capitalism by the hip,” said [Raj Patel]( a scholar of food poverty and philanthropy. "There is so much money to be made in food aid through tax breaks, free publicity, salaried executives, electronic Snap cards.” ([Guardian]( Thousands of people living in affordable-housing developments could be squeezed out by private investors in a federal program gone awry. The Low-Income Housing Tax Credit program, launched in 1986, gave tax credits to lenders, usually large banks, that supported housing nonprofits. At the end of 15 years, the nonprofit could buy out the lender's stake at below-market rates. But many lenders sold their shares instead, and many of the buyers are investors looking to reap market prices from the sales of the properties. In Boston, the Tenants' Development Corporation and Alden Torch Financial are suing each other after Alden rejected a $17 million offer for its share of 36 properties, which Alden says are worth as much as $54 million. “Honestly, I think it’s a national crisis,” said David Goldstein, a lawyer for a Brooklyn, N.Y., housing group locked in a similar battle. ([WBUR]( More News - As India's Covid-19 Cases Spiral, Faith Groups Step Up ([Religion News Service]( - Groups Helping Medical Students Tied to Anti-Immigrant Outfit ([Kaiser Health News]( - 8 Women Allege Sexual Abuse at Va. Summer Camp Run by Nonprofit ([Associated Press]( - Connecticut College Alumnus Donates $50 Million to University ([Hartford Courant]( - Michelle T. Boone Named President of Poetry Foundation ([New York Times]( - San Francisco Nonprofit Will Pay Struggling Indie Venues' Bills ([Billboard]( Opinion - People-Focused Philanthropy Is on the Way Out. Philanthropy That Divides Is Taking Over. ([USA Today]( - Maverick ‘Impact-First’ Investing Sits Between Philanthropy and Market-Rate Returns ([MarketWatch]( How to Start an Individual Giving Program [Join our webinar]( — Individual donors funnel billions of dollars to charities each year and provide a vital source of revenue for many organizations. Research shows that $353 billion — roughly 80 percent of all charitable giving in 2019 — came from individuals. How can your nonprofit tap into this generosity and build a strong individual giving program? Join us on Thursday, May 6, at 2 p.m. Eastern to learn from two veteran fundraisers who excel at raising money from individuals. Brittini Lasseigne, director of philanthropy at the YWCA Clark County in Vancouver, Wash., will explain how to create a winning plan to attract direct-response supporters — no matter your budget. Sue Swan, head of development at the American Lung Association, will explain when and how to start seeking higher-dollar donors, including how to staff up for this work. Don't miss this chance to learn from your peers how to tap into this generosity. [Register today](. Editor's Picks GOVERNMENT AND REGULATION [Biden Plan Would Aid People in Poverty and Nonprofits That Serve Them]( By Dan Parks [image] Nonprofits said they were pleased that Biden did not propose paying for those changes by limiting itemized deductions, including those for charitable giving, for people making $400,000 or more annually. OPINION [Donor Privacy Case Before the Supreme Court Is a Threat to Nonprofit Transparency]( By Roger Colinvaux [image] The challenge to a California law by the Americans for Prosperity Foundation could set in motion broad changes to nonprofit tax rules that would undermine trust in all civic institutions. COVID-19 [With Aid From Gates, WHO Foundation Launches Fundraising Campaign to Support Global Vaccine Distribution]( By Emily Haynes [image] The Go Give One campaign aims to mobilize small-dollar donors around the world to support Covax, the international effort to ensure equitable global distribution of Covid-19 vaccinations. OPINION [With Philanthropic Support, Artists Can Help Rebuild American Democracy One Song at a Time]( By Eric K. Ward [image] At a moment when society is so divided by authoritarian ideologies and partisan politics, it’s hard to find spaces of common ground. Cultural expression can create those spaces — particularly music. OPINION [To Transform Policing, Philanthropy Must Support Efforts to Abolish It]( By Mihika Srivastava [image] Derek Chauvin’s guilty verdict was just the start. Now grant makers need to make sure their dollars go where they will make a real difference — to abolitionist movements leading the fight for just and lasting change. Job announcement Data and CRM Manager at The Aspen Institute.[Visit jobs.philanthropy.com]( for more details. ADVERTISEMENT [Advertisement]( Paid for and Created by Independent Sector [Here’s Why Racial Justice is Already in Your Nonprofit Mission]( Emphasizing DEI throughout all aspects of their nonprofit, Our Clubhouse is bringing new perspectives, research, member feedback and demographic information to their board of directors, propelling racial justice initiatives. 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]( Job Opportunities [Donor Relations Officer]( Council for Opportunity in Education [Director of Development Communications]( American Enterprise Institute [Senior Major Gift Officer - Manager Level]( Rainforest Trust [Data and CRM Manager]( The Aspen Institute [Search the Chronicle's jobs database]( to view the latest jobs in philanthropy. What did you think of today’s newsletter? [Strongly disliked]( // [It was OK]( // [Loved it](. [logo]( This newsletter was sent to {EMAIL}. [Manage]( your newsletter preferences, [stop receiving]( this email, or [view]( our privacy policy. © 2021 [The Chronicle of Philanthropy]( 1255 23rd Street, N.W. Washington, D.C. 20037