Nonprofit Financial Concerns Grow as Inflation and Other Problems Persist

Plus, young organizers are taking on the greatest challenges of our time. Donors need to take notice. (Opinion) ADVERTISEMENT [Philanthropy Today Logo]( Did someone forward you this newsletter? [Sign up free]( to receive your own copy. ECONOMIC OUTLOOK [Financial Concerns Mount for Nonprofits as Inflation and Other Economic Woes Prove Stubborn]( By Dan Parks [STORY IMAGE]( The big question remains unanswered: When do these trends become entrenched enough to cause donors to curtail giving? ADVERTISEMENT OPINION [Young Organizers Are Taking On the Greatest Challenges of Our Time. Donors Need to Take Notice.]( By Mónica Córdova and Nat Chioke Williams [STORY IMAGE]( Philanthropy should stop trying to fit youth movements into their outdated giving practices. Instead, they should provide them with the power — and resources — to unleash their passion for freedom and justice. Webinars [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 The progressive movement writ large is riven with internal conflicts that continue to hamstring it, despite having a generally friendly Democrat party in charge of the White House and Congress. A long list of groups, including #MeToo, Human Rights Watch, the Sierra Club, and the Sunrise Movement, have faced staff revolts over power dynamics and issues of race or gender. Movement leaders acknowledge the salience of these topics but also say they are sometimes a diversion by employees who are underperforming or who expect too much of the organization and misdirect their activism. As a result, one congressional staffer said, groups on the left have become less “effective at leveraging progressive power in Congress.” The tense atmosphere likely has also made it harder for left-wing organizations to hire new executives, and one leader said the conflict plays into the hands of the right wing. “To be honest with you, this is the biggest problem on the left over the last six years,” another executive director said. ([Intercept]( More News - Universities Face Mounting Pressure to Stop Taking Fossil-Fuel Donations for Climate Research ([Boston Globe]( - Biden Signs Bill That Creates Panel to Study Possible National Museum of Asian Pacific American History and Culture ([CNN]( Giving - Opinion: The Artist in a Museum’s New Exhibit is a Major Donor. That’s Bad, and So is the Art ([Los Angeles Times]( - Jeff Bezos Giving $10 Million to Expand Center for Innovation Named for Him at Seattle’s Museum of History & Industry ([GeekWire]( - Warren Buffett’s Son Donates $2.7 Million for Ukraine Aid After Meeting With Zelenskyy ([CNBC]( Homelessness - How Houston Moved 25,000 People From the Street Into Homes of Their Own ([New York Times]( - The Long Emergency of Homelessness ([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. FOUNDATIONS [New Guide Urges Grant Makers to Fund Climate Justice]( By Jim Rendon [STORY IMAGE]( Foundations can partner with grant makers that already work with small community-focused organizations, especially those run by people of color, and examine their existing grantees in other causes for opportunities to fund climate work. OPINION [Companies That Pledged Billions for Racial Justice Must Invest More in Staff to Distribute Those Funds]( By Carolyn Berkowitz and Edgar Villanueva [STORY IMAGE]( Corporate social-responsibility departments lack the diversity and resources to effectively manage significantly increased charitable dollars. 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. 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 RECOMMENDED WEBINAR [How to Attract — and Keep — Top Fundraisers] [Join Our Next Webinar]( — Research shows that white female fundraisers still earn 10 to 15 percent less than their white male peers for similar work. The pay gap between women of color and white men is closer to 40 percent. Yet offering 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 establish policies and procedures to ensure they're paying fundraisers — and all nonprofit professionals — fairly, regardless of race, gender, or ethnicity? Join us on-demand or live on Thursday, June 23 to learn how to identify pay disparities, correct them, and ensure hiring and compensation are fair over the long term. This webinar is worth 1.25 CFRE credits. [Register today.]( JOB OPPORTUNITIES [Executive Director for Advancement, Children's Hospital]( University of Missouri [Executive Director for Advancement, Corporate Engagement]( University of Missouri [Director of Development, Arts Education]( New York Youth Symphony [Director of Corporate Philanthropy, Nonprofit Public Policy]( SPUR [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](. 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