Financial Disparities Are Deep Between Groups With Leaders of Color vs. White Leaders

Plus, foundations have a $20 million plan to boost organized labor in the South, and grant makers and donors call for a focus on grassroots giving for abortion ADVERTISEMENT [Philanthropy Today Logo]( Did someone forward you this newsletter? [Sign up free]( to receive your own copy. GIVING [Deep Disparities Persist in Finances of Nonprofits Led by White People and People of Color]( By Dan Parks [STORY IMAGE]( Foundations made advancements in equity amid the pandemic and racial-justice protests, but BIPOC-led nonprofits still trail their white-led peers in many measures of financial health and sustainability, according to the results of a new survey. ADVERTISEMENT FOUNDATION GIVING [In Unusual Step, Foundations Embrace Organized Labor With $20 Million Plan to Help Workers in the South]( By Alex Daniels [STORY IMAGE]( Progressive foundations have already raised $14 million after a string of victories at Amazon, Starbucks, and elsewhere demonstrated that workers have the potential to push for big changes. ABORTION RIGHTS [Grant Makers and Donors Call for Focus on Grassroots Giving in Wake of Likely Supreme Court Ruling on Abortion]( By Alex Daniels [STORY IMAGE]( The groups are pledging to commit their own money to put the spotlight on efforts to help women get safe abortions, especially those who are poor and women of color because they will bear the biggest impact in states where the practice could be outlawed. GRANTS ROUNDUP [Two $100 Million Gifts: to a Children’s Hospital and to the Entrepreneur Equity Fund]( By M.J. Prest [STORY IMAGE]( Also, the Anthem Foundation is committing $30 million to equity in mental health, and the Windgate Foundation donated $15 million to create an endowment for a group for ceramic arts. Webinars [Tomorrow: Low-Cost Ways to Boost Planned Gifts]( [STORY IMAGE]( Donors are showing increased interest in planned giving since the pandemic began, and many donors are pledging larger gifts. Yet many charities miss out on legacy gifts simply because they never ask supporters to consider leaving one. How can you increase planned giving to your nonprofit without spending a lot? Join us tomorrow, June 9, to learn simple yet effective ways to inspire loyal donors to make planned gifts. [Register today.]( [How to Foster Pay Equity for Fundraisers]( [STORY IMAGE]( Ensuring fair pay is vital to attract top talent in today’s hot job market. Plus, equal and transparent compensation helps create an inclusive culture that can reduce turnover. How can leaders ensure fair pay for fundraisers — or any nonprofit professionals — regardless of race, gender, or ethnicity? Join us on demand or live on June 23 to learn how to identify pay disparities, correct them, and ensure hiring and compensation is fair over the long term. [Register today.]( NONPROFIT NEWS FROM ELSEWHERE Starbucks CEO Howard Schultz and his wife, Sheri Kersch Schultz, will put $100 million into efforts to support businesses and entrepreneurs from marginalized communities through their family foundation. To foster a “more inclusive economy,” the Entrepreneurs Equity Fund will invest directly in businesses and give out grants for mentorship, training, and research. Startups founded by people of color tend a get a fraction of the estimated hundreds of billions in equity financing that is available. Among the headwinds these entrepreneurs face are “predatory practices, lack of access to capital and social networks, the need for learning and community, and the systemic failures that lead some to not even try,” Howard Schultz said in a statement. ([Axios]( More News - Sandberg’s Political Headwinds, Thiel’s Sway, & Gates+: Observations on Wealth, Philanthropy, and Political Ambition ([Puck]( - Hundreds of Ore. Nonprofits Barred From Children’s Summer Program Funds Due to Insurance Requirement ([Oregon Public Broadcasting]( Arts and Culture - How the Arts Can Help Children Think About Gun Violence ([NPR]( - World Museums Take Action After Report Finds ‘Astonishing, Nearly Absurd’ Levels of Government Interference ([Art Newspaper]( - When a Museum Closes, What Happens to Its Collection? ([Wall Street Journal]( — subscription) Leadership - Film Academy Names Academy Museum CEO Bill Kramer as Its New Chief Executive ([New York Times]( - Brooklyn Nonprofit Arts Organization BRIC Announces New President ([New York Times]( - Philadelphia Museum of Art Names a New Director ([New York Times]( SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. EDITOR'S PICKS THE CHANGING NONPROFIT WORKPLACE [The Nonprofit Hiring Crisis]( By Jim Rendon [STORY IMAGE]( Staff shortages and resignations are hampering nonprofits’ ability to do their work. Here’s how they are coping — and trying to remedy the situation. Plus, see our entire [June issue]( posted online today. DIVERSITY, EQUITY, AND INCLUSION [41% of Americans Say They Would Stop Supporting a Charity That Tolerates Discrimination]( By Dan Parks [STORY IMAGE]( One-third of Americans would not donate to charities using culturally insensitive images and language, and 17 percent would not donate upon learning the charity’s board is not diverse. RESEARCH [Trust in Nonprofits and Philanthropy Continues to Be Higher Than in Government and the News Media]( By Alex Daniels [STORY IMAGE]( But slight declines in trust, especially among women and young people, are reasons for concern, say nonprofit leaders. OPINION [Grief Is Everywhere and Children Are Suffering Most. What Can Philanthropy Do About It?]( By Sara Deren [STORY IMAGE]( The Covid pandemic and a gun violence epidemic have taken an enormous toll on kids. But childhood grief is consistently overlooked by grant makers who fund mental health research and services. Bereavement programs need much more support to reach the growing number of children in need. OPINION [Nonprofits Fighting Gender Violence Have Struggled Since Losing Buffetts’ Funding. They Urgently Need More Support.]( By Judy Harris Kluger and Emily Hirsch [STORY IMAGE]( The NoVo Foundation’s decision two years ago to stop funding gender-violence prevention underscored the problem of relying on one primary donor. Now, as the problem continues to grow, a consistent and coordinated response is needed across all of philanthropy. SPONSOR CONTENT | Funders for Real Cost, Real Change [Project Grants Need Not Be the Enemy: Part 3]( Four Options for Project Grants that Support Grantee Health ADVERTISEMENT RECOMMENDED WEBINAR [How to Attract — and Keep — Top Fundraisers] [Join Our Next Webinar]( — Donors are showing increased interest in planned giving since the pandemic began: In a recent survey, 60 percent of fundraisers said they are seeing a spike in interest in bequests. Plus, many donors are pledging larger gifts. Yet many charities miss out on planned gifts because they never ask supporters to consider leaving one. How can you increase planned giving to your nonprofit without spending a lot? Join us on Thursday, June 9, to learn from two experts simple yet effective ways to inspire loyal donors to make planned gifts. They'll share smart ways to identify and cultivate donors, to make it easy to give, and to promote planned giving to donors of all ages. They'll also provide tips for stewarding donors and advice for taking planned giving to the next level at your organization. [Register today.]( JOB OPPORTUNITIES [Vice President for Institutional Advancement]( Bennington College [Director of Partnership Development, Fundraising]( KABOOM! [Executive Director for Advancement, College of Engineering]( University of Missouri [Executive Director for Advancement, Gift Planning]( University of Missouri [Senior Director for Advancement, Sinclair School of Nursing]( University of Missouri [Director of Grants Administration (Hybrid)]( The Chicago Community Trust [Search other jobs.]( NEWSLETTER FEEDBACK [Please let us know what you thought of today's newsletter in this three-question survey](. [Chronicle of Philanthropy Logo]( This newsletter was sent to {EMAIL}. [Read this newsletter on the web](. [Manage]( your newsletter preferences, [stop receiving]( this email, or [view]( our privacy policy. © 2022 [The Chronicle of Philanthropy]( 1255 23rd Street, N.W. Washington, D.C. 20037