‘Billionaire’ Tax Proposal Could Change How the Rich Give

Donors secure $100 million to benefit people of color on climate change, and Ukrainian media, facing physical and financial harms, needs immediate and long-term support (opinion) ADVERTISEMENT [Philanthropy Today Logo]( Did someone forward you this newsletter? [Sign up free]( to receive your own copy. GOVERNMENT AND REGULATION [Biden ‘Billionaire’ Tax Proposal Could Spur Changes in How the Wealthiest Give]( By Maria Di Mento and Dan Parks [STORY IMAGE]( The plan would likely bring about more charitable giving, philanthropy experts say, although some tax analysts caution that the plan is still too vague for people to know its impact on donors. ADVERTISEMENT ENVIRONMENT [Donors Secure $100 Million to Benefit People of Color on Climate Change]( By Glenn Gamboa, Associated Press [STORY IMAGE]( The Donors of Color Network is also announcing that 10 of the nation’s top 40 donors to environmental causes have signed on to at least a portion of a pledge it established last year. OPINION [Ukrainian Media, Facing Physical and Financial Harms, Needs Immediate and Long-Term Support]( By Jeanne Bourgault [STORY IMAGE]( Philanthropy has stepped up its giving to media organizations in Ukraine, but those dollars will go further if they don’t focus solely on the current crisis but also advance the larger goals of global press freedom. GRANTS ROUNDUP [James Irvine Foundation Commits $107 Million to New Prosperity Program]( By M.J. Prest [STORY IMAGE]( Also, Apple gave $50 million to create the Supplier Employee Development Fund, and Hologic has pledged $20 million in grants for preventive care for cervical and breast cancers. Webinars [Building Ties With DAF Donors: Where to Start]( [STORY IMAGE]( The number of donor-advised fund accounts in the U.S. surpassed 1 million in 2020, and grants to charities from the 10 largest DAF sponsors totaled $22.41 billion. But billions more remain in DAFs waiting to be funneled to nonprofits, in part because it can be difficult to identify and cultivate supporters who give through them. Join us on April 28, at 2 PM Eastern — or on demand — for advice on building ties with DAF donors. [Sign up today.]( SPONSOR CONTENT | GolfStatus [Attracting New Donors With Your Golf Fundraiser—And How to Keep Them]( Briefings & Forums [Today: General Operating Grants Can Advance Equity: a Conversation With Foundation and Nonprofit Leaders]( [STORY IMAGE]( When foundations give nonprofits general operating grants, leaders can invest in vital activities not tied to programs. How do some nonprofits succeed at attracting general operating support? Are grant makers investing more in nonprofit staffs and operations — especially in DEI efforts? Join our free briefing today, April 6, at 2 p.m. Eastern, to learn more. [Sign up now and join us today.]( SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. NEWS FROM THE CHRONICLE We’re excited to announce the [winners of our inaugural fellowship]( to strengthen local reporting on philanthropy and nonprofits. Journalists from the Boulder (Colo.) Reporting Lab, Haitian Times, the Land (Cleveland) and WAMU/DCist (Washington) will spend the next year learning how to help their audiences better understand what grant makers, donors, and charitable organizations are accomplishing. This new effort is part of our in-depth collaboration with the [Associated Press]( and the Conversation to enhance public understanding of the nonprofit word, which is supported by a three-year grant from the Lilly Endowment. NONPROFIT NEWS FROM ELSEWHERE With her latest round of gifts, MacKenzie Scott is plunging deeper into international philanthropy. The foreign donations that Scott announced in March are nearly double all of her previous gifts to groups outside the United States, according to a Bloomberg tally. Among the 60 non-U.S. recipients this time were organizations working on public health in India, women’s rights and conservation in Latin America, and biodiversity in the Pacific. Her $15 million grant to the African Population and Health Research Center in Nairobi, Kenya, was its largest ever from an individual. “That kind of unrestricted donation is a once-in-a-lifetime opportunity that will keep us going long term,” said Catherine Kyobutungi, the center’s executive director. “We’ve never seen anything like it.” ([Bloomberg]( With a fortune made in finance, billionaire Nicolas Berggruen is building a space for thinkers to work on the biggest questions of our time and times to come. Six years after introducing the $1 million Berggruen Prize for Philosophy and Culture, the French-born, German-American investor plans to launch a 450-acre campus in Los Angeles affiliated with his think tank. In its 12 years, the nonprofit Berggruen Institute has attracted support from the likes of former Google CEO Eric Schmidt, LinkedIn founder Reid Hoffman, and journalist Fareed Zakaria. Among the institute’s concerns is the revitalization of democracy, but one of its top executives said it aims to foster revolutionary ideas that might not catch on “until long after we’re dead.” One scholar who has benefited from Berggruen’s largess likens him to a modern-day Medici, “a wealthy patron trying to stimulate a ‘philosophical and artistic renaissance or spring for our times.’” ([New York Times]( More About Billionaires - With ‘Stealth Politics,’ Billionaires Make Sure Their Money Talks. What Do They Actually Want? ([New York Times]( - Tom Steyer Tries to Stand His Climate Group on Its Own 2 Feet ([Puck]( More News - Getty Picks NYU Provost as Its Next Leader. Top of Mind for Her: Environmental Degradation ([Los Angeles Times]( - Raices Staffers Revolt Over CEO Selection ([San Antonio Express-News]( Major Giving - Tax-Cheat Billionaire Gets Naming Rights to New Cancer Unit ([Daily Beast]( - Rocket Philanthropic Arm Launches $10 Million Fund to Help Grow Detroit Contractors ([Crain’s Detroit Business]( - San Diego Foundation Grants $10 Million for Plan to Build 10,000 Homes ([San Diego Union-Tribune]( Arts and Culture - Philadelphia Museum of Art Workers Rally for “Fair Contract” as Negotiations Stall ([Hyperallergic]( - Christie’s to Sell Entire Ammann Art Collection to Benefit Foundation ([New York Times]( SPONSOR CONTENT | Funders for Real Cost, Real Change [Project Grants Need Not Be the Enemy—A Three-Part Series]( A Funder Collaborative Tackles the Nonprofit Starvation Cycle EDITOR'S PICKS DONOR RELATIONSHIPS [A New World: Fundraisers Navigate Changed Interactions With Donors]( By Emily Haynes [STORY IMAGE]( Fundraisers say the way they communicate with donors has changed. Conversations have gotten deeper and more meaningful — and donors know what they want to support. See the rest of our [special report]( and see our [new April issue]( published online today. OPINION [Philanthropy Must Never Forget What the Pandemic Taught Us About How to Support Public Health]( By Susan Watson [STORY IMAGE]( During the past two years, reaching marginalized people with information about Covid-19 has required giving grantees the freedom to use creative and unorthodox strategies. Grant makers must continue to trust these local nonprofits to lead such work and avoid returning to their old tightly controlled practices. WHY THEY GIVE [Philanthropist Couple Urges Wealthy Donors to Give Now]( By Maria Di Mento [STORY IMAGE]( Jennifer and David Risher started the #HalfMyDAF campaign to encourage people to give more from their donor-advised funds. They also support Worldreader, a nonprofit David co-founded to provide books to young people in underserved places. DIVERSITY, EQUITY, AND INCLUSION [One Response by Fundraisers to Racial Reckoning: an Affinity Group for Black Donors]( By Drew Lindsay [STORY IMAGE]( The antipoverty organization hopes the group will strengthen its ties to supporters and help them connect with one another. VIDEO [How to Make the Most of Artificial Intelligence and Other Technologies: Advice From Experts]( By Dan Parks [STORY IMAGE]( Technology is often presented as the solution to many problems for nonprofits — reducing staff burnout, better targeting of fundraising efforts, and improving budgeting, to name just a few. It can help with all those things, but there are pitfalls to avoid. ADVERTISEMENT RECOMMENDED WEBINAR [Fundraising Webinars: How to Make Virtual Events Accessible to People With Disabilities - Cover image of a woman in a virtual meeting] [Watch On-Demand]( — The number of donor-advised fund accounts in the United States surpassed 1 million in 2020, and grants to charities from the 10 largest DAF sponsors totaled $22.41 billion. That’s roughly double the amount the 10 biggest foundations gave that year. Yet billions more remain in DAFs, waiting to be funneled to nonprofits. How can your nonprofit find and strengthen ties with supporters who give through DAFs? Join us for a 75-minute session on Thursday, April 28, at 2 p.m. Eastern — or watch on demand at your convenience for expert guidance on adding DAF donors to your fundraising strategy, connecting with fund sponsors and professionals who counsel DAF donors, and handling these gifts properly. Sign up by April 21 to get the early-bird rate. 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