Nonprofits and Foundations Push ‘Baby Bonds’ to Promote Economic Equity

Plus, the Gates Foundation gives $100 million to improve graduation rates, and the Global Fund gets powerful help with an $18 billion funding goal ADVERTISEMENT [Philanthropy Today Logo]( Did someone forward you this newsletter? [Sign up free]( to receive your own copy. ECONOMIC EQUITY [Creating Wealth With ‘Baby Bonds’]( By Sono Motoyama [STORY IMAGE]( Nonprofits and foundations have been advancing state and local trust funds for children at birth to help them buy homes, start businesses, or pay for college when they’re older. ADVERTISEMENT COLLABORATING COLLEGES [Gates Foundation Gives $100 Million to Improve Graduation Rates for Disadvantaged Students at 250 Colleges]( By Katherine Mangan [STORY IMAGE]( The six nonprofit recipients are working to transform practices and cultures to shrink disparities in achievement. FOUNDATION GIVING [Global Fund Gets Powerful Help With $18 Billion Funding Goal]( By By Glenn Gamboa, Associated Press [STORY IMAGE]( If the Global Fund to Fight AIDS, Tuberculosis and Malaria reaches its goal, it hopes to use the donations to save 20 million lives. OPINION [Despite the Challenges, Donors Must Continue to Support Struggling Nonprofits in Afghanistan]( By Malalai Habibi , Karen Karnicki , and Harriet Knox Brown [STORY IMAGE]( The Taliban takeover forced many Afghan human rights groups to shut down or shift their focus. Despite sanctions and other restrictions, multiple avenues remain for funding organizations that are critical to building long-term peace. Webinars [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.]( Briefings & Forums [The Great Nonprofit Leadership Turnover]( [STORY IMAGE]( Nonprofit experts across the country have reported high levels of leadership turnover, and competition for top leaders is fierce. What systems and policies should be in place to retain talented executives? What can board chairs and other trustees do to set new leaders up for success, especially leaders of color? Join us on September 27 at 2 p.m. Eastern for a free session to learn from leaders ways to reduce executive churn in a tight labor market. [Register today.]( SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. Nonprofit News From Elsewhere Online In the early days of the pandemic, a circle of nonprofits connected in various ways to the Bill & Melinda Gates Foundation rallied to develop a global response. As governments staggered to their feet, the campaigns by Gavi and the Coalition for Epidemic Preparedness Innovations, both vaccine-development efforts, the Gates Foundation, and the Wellcome Trust in Britain helped to speed up production and distribution of treatments and vaccines, according to their defenders around the world. But critics say their workings were opaque and the groups are not accountable in the way that governments would be. Even close observers do not know exactly where the nearly $10 billon they spent on Covid response went. ACT-A, an umbrella group they created with the World Health Organization, missed its targets for getting tests, treatments, and vaccines to middle- and low-income countries. Gates Foundation CEO Mark Suzman said in a statement that “the world as a whole failed as high-income countries initially monopolized available supply” of vaccines. To complaints from activists that civil society was shut out of ACT-A’s early decision-making, a representative of ACT-A responded that it includes government officials and civil society representatives on its decision-making bodies. ([Politico]( More News - OurCrowd Aims to Raise $200 Million WHO-Affiliated Global Health Fund ([Wall Street Journal]( — subscription) - Pandemic’s Aftermath and Economic Crisis Have Some Synagogues Rethinking Their Membership Fees ([Jewish Insider]( - Big Ten Conference Execs Top Crain’s Latest List of Highest-Paid Nonprofit Leaders in Chicago ([Crain’s Chicago Business]( Nonprofit Innovation - Volunteer Pilots Offer to Fly Patients In States Like Idaho to Abortion Clinics ([Idaho Capital Sun]( - Little Rock Nonprofit Aims to Standardize Climate Benefits for Farmers ([Axios]( Opinion - Patagonia’s ‘Do Boy’ Does Good ([New York Times]( - Hewlett Foundation Chief: If Capitalism Is to Survive The Political and Social Disruption, It Will Need to Adapt as It Has Done in the Past. ([Financial Times]( Arts and Culture - Seattle Art Museum’s Reinstallation of Its American Collection Grapples With the Institution’s Past and Reaches for a New Vision of Its Future ([Seattle Met]( - Cleveland Museum of Art’s New Strategic Plan Envisions a More Diverse, Welcoming, Audience-Centered Institution ([Cleveland.com]( - Griffith Observatory’s Planetarium Storytellers Petition to Unionize With Actors’ Equity ([Los Angeles Times]( EDITOR'S PICKS IMMIGRATION [Foundations and Government Team Up to Pay for Legal Help for Immigrants Facing Deportation]( By Alex Daniels [STORY IMAGE]( Some say government funds shouldn’t provide such services, but others say it’s a smart fiscal move since families left behind may need more social services. FUNDRAISING [Ask the Right Questions on Surveys to Better Target Fundraising]( By Rasheeda Childress [STORY IMAGE]( Asking donors what part of an organization’s mission excites them the most can help fundraisers tailor future interactions to their interests. But experts caution that if a group can’t follow through on the responses, don’t ask the questions. EXECUTIVE COMPENSATION [Pandemic Lowered CEO Salaries at Big Groups Initially — but Fierce Competition May Be Sending Them Back Up]( By Sara Herschander [STORY IMAGE]( The most comprehensive look to date at the impact of Covid and economic jolts suggests that there was a lot of belt tightening early on for CEOs — so pay increases now need to make up for that and the tight job market. OPINION [Upstart News Outlets Are Leading a Media Revolution in Communities of Color. Grant Makers Should Take Notice.]( By Tracie Powell [STORY IMAGE]( A new breed of Black and brown journalists is reaching overlooked consumers through Facebook and Instagram. They need philanthropic investment to achieve long-term sustainability as trusted local new sources. DIVERSITY, EQUITY, AND INCLUSION [As Attacks Proliferate, Philanthropy Sends More Money to Groups That Serve Transgender People]( By Kay Dervishi [STORY IMAGE]( Leaders say growing interest from grant makers is helpful but that they need more to build strong, effective, and enduring organizations. ADVERTISEMENT RECOMMENDED WEBINAR [Join Our Webinar]( — Many companies boosted giving and adjusted their grant-making practices and priorities in response to the health and racial-justice crises. With the economy in flux, it's difficult to know if this generosity will continue. Join us on demand or live Thursday September 29, to learn from a corporate-foundation executive and a nonprofit CEO who has attracted significant corporate support. They'll explain how to connect with corporate grant makers now. The early-bird rate ends September 22. Save your spot. [Sign up today.]( JOB OPPORTUNITIES [Director of Development - Major Gifts West / Midwest]( The National World War II Museum [Philanthropic Giving Manager]( The Morgridge Institute for Research [Development Director, Annual Fund & Membership]( The Nelson-Atkins Museum of Art [Vice President for University Advancement and Executive Director of the FVSU Foundation]( Fort Valley State 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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