Foundations and Donors Line Up to Oppose New Senate Measure to Speed Up Giving From Foundations and DAFs

Plus, embracing feminism can change philanthropy and create a more equitable world (opinion) 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](. DONOR-ADVISED FUNDS AND FOUNDATIONS [Coalitions of Foundations and Donors Line Up to Oppose New Senate Measure to Speed Up Giving]( By Dan Parks [image] Opponents say the measure, which would offer tax benefits to grant makers and donors who push money out the door, especially harms family foundations and community funds. ADVERTISEMENT [Advertisement]( OPINION [Embracing Feminism Can Change Philanthropy and Create a More Equitable World]( By Rena Greifinger [image] Well-known women philanthropists like MacKenzie Scott and Melinda French Gates are showing what’s possible if we move beyond traditional giving approaches. Now we need to expand their approaches on a large scale. Paid for and Created by Independent Sector [Stand With Black Americans for Environmental Justice]( Supporting sustainability and collaborating with community organizations, the Black Environmental Collective is driving public conversations surrounding environmental issues, grooming leaders to establish a racial justice education pipeline with an emphasis on Black populations. Today: How to Attract Hispanic Donors Join our webinar at 2 p.m. Eastern. [See below for details](. Nonprofit News From Elsewhere All 11 places on the National Trust for Historic Preservation's list of at-risk historic sites this year are connected to communities of color. Among them are an adobe house that dates back to 1862 and is the oldest known building in Riverside, Calif.; a 1921 trading post in Utah; and a nursing home in Georgia where Black midwife Beatrice Borders delivered more than 6,000 babies through the Jim Crow era. Officials at the nonprofit trust could not confirm if this is the first list devoted entirely to the history of people of color. A spokeswoman said the trust "is not immune" to "the impact that George Floyd and Breonna Taylor and all these individuals have made on our society at large." ([Los Angeles Times]( Plus: Tenement Museum Makes Room for Black History ([New York Times]( Jewish philanthropies are embracing cryptocurrencies to attract new donors and to make it as easy as possible for all types of supporters to donate. A rabbi at the Rohr Chabad Jewish Center at West Virginia University took 24 hours to figure out how to set up an account to receive Bitcoin at a donor's request, while the Jewish Community Federation and Endowment Fund of San Francisco has created a donor-advised fund using the Ethereum Blockchain. Large Jewish philanthropies, including the Jewish National Fund-USA, which supports projects in Israel, and Chabad also accept cryptocurrency. Along with the technical learning curve, Jewish philanthropies have had to determine whether cryptocurrencies count as a currency under Jewish law. ([Forward]( Plus: Read more about [cryptocurrency and charity](. More News - Eccles Foundations Give 'Transformational' $110 Million to U. of Utah School of Medicine ([Deseret News]( - A Black-Led Mutual-Aid Group Fights Homelessness and Injustice Through ‘Solidarity, Not Charity’ ([KPBS]( - To Support Black Male Teachers, a Nonprofit Is Paying Off Student Loans ([EdSurge]( The Arts - Want More Diverse Conductors? Orchestras Should Look to Assistants. ([New York Times]( - San Francisco Launches Free Museum Access for Low-Income Residents ([Bay City News]( - Bruised by the Pandemic, Carnegie Hall Plans a Comeback ([New York Times]( Obituaries - Michael Smith, a Voice for Justice Reform ([New York Times]( - Jessica Morris, Whose Brain Cancer Was Her Cause ([New York Times]( - Stuart Silver, Who Made Met Exhibitions Into Spectacles ([New York Times]( 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 DONOR-ADVISED FUNDS AND FOUNDATIONS [Sens. Grassley and King Push Measure to Accelerate DAF and Foundation Giving]( By Dan Parks [image] Two key U.S. senators introduced legislation Wednesday designed to spur faster payouts from donor-advised funds and foundations, giving new momentum to an effort that has deeply divided philanthropy. FUNDRAISING [Crypto, Meet Donor-Advised Funds: a New Way of Giving]( By Eden Stiffman [image] A crypto-enthusiast has developed a system that makes it easy for charities to receive digital currencies — and could open the door to new, young, tech-savvy donors. LEADERSHIP AND MANAGEMENT [Most Nonprofits Emerging From Pandemic Wounded but Still Operating]( By Dan Parks [image] The widespread charity failures that many experts feared did not happen, thanks to stepped-up giving by foundations and individual donors and billions of dollars in government support, according to interviews with charity leaders and a new study from the Center for Effective Philanthropy. OPINION [The Tide of Giving to Asian American Causes Is Part of a Problematic Cycle That Inhibits Solidarity Among Racial Groups]( By Sayu Bhojwani [image] Grant makers should invest long-term in dismantling the root causes of anti-Asian violence — specifically, white-supremacy culture — rather than sporadically and in short-term bursts pouring funds into the minority group du jour. TOOL [Calculating the Cost of Losing High-Performing Fundraisers]( By David Lively and Naveen Vinukonda [image] How to figure out at what point major-gift fundraisers hit their stride and how to identify top performers. Job announcement "Sr. Director, Alumni Advancement at University of Memphis. [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. 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