Bloomberg Philanthropies Aims to Help Increase Black Wealth

Plus, nine tips to build a smart year-end campaign in challenging times. Also, to mark Black Philanthropy Month, grant makers need to double down on the fight for racial justice (opinion) ADVERTISEMENT [Philanthropy Today Logo]( Did someone forward you this newsletter? [Sign up free]( to receive your own copy. DIVERSITY, EQUITY, AND INCLUSION [How Bloomberg Philanthropies Is Working to Build Black Wealth]( By Kay Dervishi [STORY IMAGE]( While racial-justice efforts have commanded the most attention in philanthropy, the foundation says it hopes others will also look at ways to help ensure Black people have more opportunities to accumulate assets. Its first focus has been on relief from medical debt. ADVERTISEMENT YEAR-END FUNDRAISING [9 Tips to Build a Smart Year-End Campaign in Challenging Times]( By Lisa Schohl [STORY IMAGE]( Advice from veteran fundraisers on how to stand out from the crowd and achieve your goals. OPINION [To Mark Black Philanthropy Month, Grant Makers Need to Double Down on Fight for Racial Justice]( By Cheryl L. Dorsey [STORY IMAGE]( Even as the headlines have moved on to other crises, donors must recommit to efforts sparked by the 2020 racial reckoning. They must be true partners to Black leaders whose innovative ideas and relentless focus are driving this movement for change. GRANTS ROUNDUP [10 Universities Receive $50 Million for Blockchain and Cryptocurrency Institutes]( By M.J. Prest [STORY IMAGE]( Also, the Johnson & Johnson and Skoll foundations are jointly giving $25 million to hire more community-health workers in up to 10 African countries, and Gilead Sciences will give $5 million through its Global Monkeypox Outbreak Emergency Fund to its existing LGBTQ and human-rights grantees. Webinars [Cultivating Major Donors: What’s Working Now]( [STORY IMAGE]( As fewer Americans give to charities, nonprofits are relying on big donors more than ever. Join us on demand, or live Thursday, September 15, to learn from our expert guests about the best approaches to secure gifts in 2022. They’ll explain how they’ve adapted and why, which donors to focus on and how to increase their giving, tips for handling economic uncertainty, and the most effective ways to communicate need. The early-bird rate ends September 8. [Sign up today.]( [How to Navigate Corporate Giving in 2022]( [STORY IMAGE]( Many companies boosted giving and adjusted their grant-making practices and priorities in response to the health and racial-justice crises. Join us on demand, or live Thursday September 29, to learn which changes continued in 2022, how to best appeal to corporate grant makers now, and tips for cultivating potential new partners. The early-bird rate ends September 22. Save your spot. [Sign up today.]( SPONSOR CONTENT | Independent Sector [What we know and don’t do: Discussing race, identity, and personal stories in schools]( NONPROFIT NEWS FROM ELSEWHERE Almost a year and a half after pledging to raise $100 million to benefit descendants of people they once enslaved, the American Jesuits have raised $180,000, and descendants are getting impatient. The Jesuits used slave labor to build and maintain Georgetown University, churches, and schools, and when they were low on money, they sold many of those people. Upon learning last year that the order had sold their ancestors, descendants organized and nudged the Jesuits into the $100 million agreement. The money was to be raised over three to five years and would fund scholarships and pay for emergency needs, among other things. It would come from the sale of former plantation lands in Maryland, after the Jesuits launched the fund with $15 million. So far, though, those lands have not been sold and money from a previous sale has not been transferred into the fund. A representative of the descendants has written to the worldwide head of the order in Rome for help, while Jesuits involved in the negotiations and fundraising acknowledge the delay. They said they have hired two companies to facilitate the sales and are “in discussions” about the proceeds from the previous sale. ([New York Times]( More News - “Where’s This Money Going?” Millions Donated After Uvalde Shooting Still Haven’t Reached Victims and Families ([Texas Tribune]( - Fewer Millennials Own Homes, Get Married, or Go to Church. Will They Still Give to Charity? ([USA Today](. Background: See this Chronicle cover story about what charities can do to [spark more giving](. - Bill Gates and the Secret Push to Save Biden’s Climate Bill ([Bloomberg]( - Can the Catholic Church Claim Immunity From Abuse Lawsuits Because It Is a Charity? ([WGBH]( - Washington State Attorney General Expands Lawsuit Against Hospitals Accused of Denying Charity Care ([Puget Sound Business Journal]( SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. EDITOR'S PICKS OPINION [Elitist Grant Making Practices Stand in the Way of Equitable and Effective Public Policy]( By Emma Vadehra [STORY IMAGE]( In the policy world, foundation funds typically flow to think tanks and advocacy groups staffed by people with traditionally impressive education and employment credentials. These practices leave out organizations and leaders from the communities most affected by policy choices — and prevent the development of strong policy. EXECUTIVE LEADERSHIP [A Fighter for Nonprofits Who’s Not Afraid to Ruffle Donors’ Feathers]( By Dan Parks [STORY IMAGE]( Jan Masaoka, longtime leader of the California Association of Nonprofits, has a biting wit and a willingness to challenge donors that both friends and detractors agree make her a formidable voice for charities. FINANCE AND REVENUE [Foundation Investment Choices Potentially Lose $20 Billion a Year for Grantees]( By Marc Gunther [STORY IMAGE]( A new analysis shows that grant makers, whose assets fell 17.3 percent last year, could achieve stronger returns by not relying so heavily on professional money managers. OPINION [Philanthropy’s Love of Data Must Extend to Underfunded and Frequently Ignored Indigenous People]( By Erik Stegman and Carly Bad Heart Bull [STORY IMAGE]( Indigenous people are typically reduced to an asterisk in research focused on BIPOC groups. As a result, the needs and aspirations of this population are nearly invisible to grant makers and governments. DRUG USE [Safe Injection Sites for Drug Users Are a Tough Sell to Foundations]( By Alex Daniels [STORY IMAGE]( People are dying in record numbers from overdoses, but grant makers have been tiptoeing around one way to reduce harm from drugs. One nonprofit hopes its lawsuit against the Justice Department will make a difference. ADVERTISEMENT RECOMMENDED WEBINAR [How to Attract — and Keep — Top Fundraisers] [Join Our Next Webinar]( — As fewer Americans give to charities, nonprofits are relying on big donors more than ever. Join us on demand, or live on Thursday, September 15, at 2 p.m. Eastern to learn from a veteran major-gift officer and a fundraiser at an academic medical center about the approaches they are using to secure gifts in 2022. They'll offer insights into: - How they've adapted and why - Which donors to focus on and how to increase their giving - Tips for handling economic uncertainty - The most effective ways to communicate need. The early-bird rate ends September 8. Don't miss this chance to gain valuable insights you can apply to your year-end strategy. [Register today.]( JOB OPPORTUNITIES [Annual Fund Manager]( San Francisco General Hospital Foundation [Chief Development Officer]( Museum of Jewish Heritage [Chief Development Officer]( American Academy in Rome [Vice President for University Advancement]( Winthrop University [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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