MacKenzie Scott’s Far-Reaching Gifts; Biden Budget Wins Nonprofit Praise

Plus, a $10 million gift aims to boost economic opportunities for Chicagoans harmed by discrimination 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](. ON THE COVER: MacKenzie Scott’s No-Strings Giving Reverberates Way Beyond the Direct Beneficiaries Many recipients are giving some of the money to local chapters or smaller groups they support, [extending the impact of Scott's giving](MacKenzie Scott’s No-Strings Giving Reverberates Way Beyond the Direct Beneficiaries) even closer to the grass roots. Plus see everything in our [June issue]( posted online today. BIDEN'S FIRST BUDGET [Biden Budget May Spur More Charitable Giving, Experts Say]( By Dan Parks Nonprofits advocates — also noting the absence of an effort to limit the value of itemized deductions, including contributions to charity — generally gave the budget plan high marks. ADVERTISEMENT [Advertisement]( GIFTS ROUNDUP [$10 Million Gift to Boost Economic Opportunities for Chicagoans Harmed by Discrimination]( By Maria Di Mento [image] Plus, investor Fred Alger gives Mich. war memorial million for a new cultural center. Paid for and Created by Independent Sector [Stand With Black Americans for Environmental Justice]( As a disruptor for equity and progress, the Black Environmental Collective’s goal is to build an interdisciplinary network with intrinsic connections to race and environmental justice, creating opportunities to execute regional projects and weigh in on relevant municipal planning activities for Black communities. Nonprofit News From Elsewhere Bill Gates and Melinda French Gates are mulling changes to their foundation to ensure its stability as they divorce. Among the options under consideration for the $50 billion foundation are creating a board and bringing in outside directors. Currently, the Gateses are co-chairs and, along with Warren Buffet, the foundation's only trustees. Organizational change is overdue, write a former executive of the foundation and a former investment manager for the couple, because such a tiny group of trustees is vulnerable to the kind of upset the Gates divorce could bring. More broadly, the developments renewed calls that the Gates Foundation, and others like it, should be required to produce public annual reports and give away more money each year. ([Wall Street Journal]( — subscription — and [Project Syndicate]( A major donor to the University of North Carolina-Chapel Hill's school of journalism lobbied behind the scenes for months to forestall Nikole Hannah-Jones's appointment there. Unlike her predecessors, when Hannah-Jones was recruited for the school's Knight Chair in Race and Investigative Journalism, she was not offered tenure, even though the hiring process had recommended it. Meanwhile, Walter Hussman Jr., who had pledged $25 million to the school, which now bears his name, told university administrators that he feared Hannah-Jones's appointment would damage the school's reputation for balance and objectivity. Hussman, who is white, runs a media company and considers himself a journalist. Hannah-Jones, who won the Pulitzer Prize for helming the New York Times's 1619 Project, has argued that the traditional journalistic value of objectivity is a "fallacy" and that growing up white, comfortable, and safe affects a reporter's coverage in the same way an oppressed and deprived childhood does. ([Assembly]( The leader of the Black Lives Matter Global Network Foundation is stepping down as the movement matures and an era ends. Patrisse Cullors said her resignation has long been in the works and is unrelated to attacks from conservative media — allegedly for siphoning money from the group — or activists who complain that the foundation should be giving money to survivors or victims of police violence (which Cullors said it does, but privately). The foundation raised $90 million last year and spent nearly a quarter of its assets on operating expenses, grants to Black-led organizations, and other charitable gifts. Cullors will soon have a second book out and will develop television programming, while the foundation will be led temporarily by Monifa Bandele, founder of the Malcolm X Grassroots Movement in New York, and Makani Themba, chief strategist at Higher Ground Change Strategies in Jackson, Miss. ([Associated Press]( and [Los Angeles Times]( More About Racial Justice - A $250 Million Fund Steers HBCU Endowments Into Venture Capital ([Bloomberg]( - Anniversary Event for Tulsa Race Massacre Unraveled Over Reparations ([New York Times]( - Seminary Built on Slavery and Jim Crow Labor Has Begun Paying Reparations ([New York Times]( Wealthy Donors - Sports and Philanthropy Top the Pursuits of the Wealthy ([Barron's]( - Opinion: Seeing the Wrong Kind of Green in New York City’s Little Island ([Washington Post]( - Why a Billionaire Telecom Executive Gave $1,000 in Cash to Quincy College Grads ([Forbes]( More News - National Endowment for the Arts Funding Would Rise Under Biden Plan ([New York Times]( - Why More Public Libraries Are Doubling as Food-Distribution Hubs ([Conversation]( Diversify Your Donors: How to Attract Hispanic Support Join Our Next Webinar — Too often nonprofit leaders and fundraisers overlook Hispanic donors. But groups that fail to engage them are missing a big opportunity. Research shows that American Latinos hold $1.5 trillion in buying power annually, and their economic clout continues to grow. Nonprofits that engage these generous supporters now could gain a foothold for years to come. How can your nonprofit connect with Hispanic donors and inspire them to give and get involved? Join us on Thursday, June 10, at 2 p.m. Eastern for a conversation with three expert guests who are veteran fundraisers and Hispanic donors: - Armando Castellano, trustee for the Castellano Family Foundation and founder of Quinteto Latino, a nonprofit that promotes Latino classical music - Franklin Guerrero, vice president of major and planned gifts at the AARP Foundation - Ana Gloria Rivas-Vázquez, director of the Hispanic Development Unit at Catholic Relief Services They’ll explain how to reach Hispanics, engage them in meaningful ways, and build trust over time to inspire loyalty. Plus, they’ll share firsthand insights on what motivates these supporters to give — and how to craft fundraising messages and approaches that resonate. [Register today]( Editor's Picks FUNDRAISING OUTLOOK [Warning Signs Emerge for Fundraisers in Latest Economic Reports]( By Michael Theis [image] While overall growth remains strong, consumer confidence fell, the stock market was flat, and unemployment remains stuck well above pre-pandemic levels. FUNDRAISING EVENTS [After a Year of Zoom Galas, Are Charities and Donors Ready to Party — and Attend Other Events — in Person?]( By Emily Haynes [image] Many fundraisers were pleasantly surprised by the continued support they got from attendees and sponsors of virtual events last year. As they tiptoe toward gathering in person, some wonder whether the donors will follow. FUNDRAISING [Pandemic Accelerated the Growth of Midlevel Fundraising Programs]( By Eden Stiffman During the crisis, midlevel programs increased online communications significantly. Going forward, fundraisers will need to recalibrate how much emphasis to put on digital, direct mail, and in-person events. OPINION [Foundations, the Solution to Our Democracy Deficit Lies in Plain Sight]( By Deepak Bhargava and Gara LaMarche Conservative grant makers have done an outstanding job of training their leaders. Now progressive funds need to do the same — and put the focus on what activists of all generations need most. CORPORATE GIVING [Companies Should Make Their Philanthropy More Racially Equitable. Here’s How.]( By Brandolon Barnett [image] Companies can improve outreach to underrepresented youths, offer paid internships, broaden the definition of impact, and publicly compare their diversity data with their goals. Job announcement DRF/DRAF Executive Director at Disability Rights Fund and the Disability Rights Advocacy Fund.[Visit jobs.philanthropy.com]( for more details. ADVERTISEMENT [Advertisement]( Paid for and Created by Salesforce.org [How Malala Fund is Keeping Girls Learning During the Pandemic]( A year ago, after it became clear that Covid-19 would change the world, Malala Fund knew they would need to shift their priorities to help keep girls learning and protect progress on girls’ education. 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 [Development Specialist]( Meals on Wheels of Central MD [Director of Development]( Rhode Island PBS Foundation [DRF/DRAF Executive Director]( Disability Rights Fund and the Disability Rights Advocacy Fund [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