GivingTuesday Receives $10 Million From the Gates Foundation

Plus, Girl Scouts is getting $84.5 million from MacKenzie Scott, and philanthropy needs to find a better way to fight hunger than throwing food at it (opinion) ADVERTISEMENT [Philanthropy Today Logo]( Did someone forward you this newsletter? [Sign up free]( to receive your own copy. GRANT MAKING [Gates Foundation Boosts GivingTuesday With $10 Million Donation]( By By Thalia Beaty, Associated Press [STORY IMAGE]( The new gift, announced Tuesday, also represents the Gates Foundation’s ongoing efforts encouraging people to give. ADVERTISEMENT BIG PHILANTHROPY [$84.5 Million MacKenzie Scott Gift to Girl Scouts to Help It Recover From Pandemic]( By By Thalia Beaty, Associated Press [STORY IMAGE]( The group, which lost membership during Covid, plans to support volunteers and staff, make camp properties more resistant to climate change, improve science and technology education for youth members, and develop diversity and inclusion programming to make troops more accessible. OPINION [Throwing Food at Hunger Won’t Help Americans Eat Better. Philanthropy Needs to Consider a New Approach.]( By Nancy E. Roman [STORY IMAGE]( Recent federal momentum on addressing hunger and nutrition is an opportunity for grant makers to rethink funding practices that have failed to bring about lasting results. Webinars [Build a Culture of Fundraising to Raise More Money]( [STORY IMAGE]( Nonprofit staff members who work outside the development department don’t always know how to build ties with donors — or feel comfortable asking people for money. How can you foster an organizational culture that motivates staff, volunteers, and board members to strengthen relations with donors and advance fundraising? Join our webinar on Thursday, October 27, at 2 p.m., to learn from your peers how to: encourage board members to prioritize fundraising and teach non-fundraisers and volunteers how to advance fundraising. [Register today.]( SPONSOR CONTENT | HundredX [How one company is using customer opinions to generate millions for nonprofits.]( Briefings & Forums [Today: Leading Nonprofits Through Tumultuous Times]( [STORY IMAGE]( With the world unsettled by threats of famine, inflation, polarization, and a pressing need for equity, how can leaders steer their nonprofits, and advance their missions in such a turbulent climate? Join us today, October 18, at 2 p.m. Eastern, for a free briefing. Two executives will discuss the domino effects of recent crises and the shifting philanthropic response, plus, planning and budgeting for a possible recession, strategies for retaining staff in a tight job market, and setting revenue goals amid economic uncertainty. [Register now]( and join us this afternoon. SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. Nonprofit News From Elsewhere Online Hedge fund managers are using a maneuver that gets them a charitable tax deduction while keeping control of the money that tax law deems a contribution. They first donate to their own charitable foundations and then have their foundations invest in the funds they manage. Then they meet legal requirements for minimum annual foundation disbursements by sending money to donor-advised funds. Tax experts say money managers adopt this strategy — which entails the expense of setting up a foundation, requires a 5 percent annual contribution, and could result in a smaller break than direct giving — possibly to get the deduction while their funds have big returns and then to actually disburse the gifts at their leisure. The process also confers the anonymity of a donor-advised fund but bypasses common DAF rules against re-investing contributions into a donor’s assets. The foundation of Lone Pine Capital founder Stephen Mandel, for instance, puts money back into the investment fund and makes one annual gift to a DAF. Bloomberg could locate only a handful of the ultimate beneficiaries of the $336 million that he has put into the DAF over a six-year period. ([Bloomberg]( Plus: A Chronicle analysis found that foundations are sending more money to [donor-advised funds](. More News - This Nonprofit Is Raising $250 Million to Help Renters Earn Equity in Their Apartments ([Fast Company]( - Chicago-Based Group Brings Urgency to Philanthropy ([Chicago Sun-Times]( - Explaining the Nonprofit Work-Force Shortage and How It’s Being Addressed ([Delaware Public Media]( - Donna Markham to Retire as Head of Catholic Charities USA ([Global Sisters Report]( Nonprofits and Housing - This Nonprofit Is Raising $250 Million to Help Renters Earn Equity in Their Apartments ([Fast Company](. - Nonprofit and Boston Team Up to Buy $47 Million Portfolio of Rental Properties in Bid to Combat Displacement ([Boston Globe]( Major Gifts - Agnes Gund Foundation Selling $5.5 Million Lichtenstein Work to Support Reproductive Rights Movement ([Art Newspaper]( - Oregon State U. Announces $200 Million Education and Research Center Aimed at Technology Industries ([Oregon Public Broadcasting]( EDITOR'S PICKS GIVING DATA [2022’s ‘Collapse’ in Small Gifts Threatens Nonprofits as Recession Looms, Report Says]( By Drew Lindsay [STORY IMAGE]( Charities are losing the supporters who could help them navigate a downturn, according to data from the year’s first half. OPINION [No Thank You: Why One Foundation Leader Doesn’t Want Gratitude From Grantees]( By Lisa Pilar Cowan [STORY IMAGE]( Grant makers aren’t giving away their own money so the conversation with their partners should always be about equals working to change the world — not as benefactor and supplicant. COMPENSATION SURVEY [Salaries of Foundation CEOs Aren’t Keeping Pace With Inflation; Racial Diversity Grows Among Grant Makers]( By Alex Daniels [STORY IMAGE]( A new study by the Council on Foundations finds that grant makers are boosting benefits to make up for lack of pay raises. Meanwhile, the boards of foundations aren’t keeping up with strides in race and gender diversity of staff. PUBLIC SAFETY [The New Gun-Control Movement]( By Drew Lindsay [STORY IMAGE]( Ten years after Sandy Hook, it has fresh voices, more clout, and even a new name. Is that enough? OPINION [Massive Federal Funding to Close the Digital Divide Won’t Succeed Without Philanthropic Support]( By Lynette Bell and Larry Irving [STORY IMAGE]( Digital inequity touches nearly every issue grant makers care about. Yet connecting marginalize people has remained an elusive goal for decades. New government investments totaling $42 billion have the potential to finally change that picture but will require targeted donor dollars to reach their potential. ADVERTISEMENT  RECOMMENDED WEBINAR  [Join Our Webinar]( — Collaboration among frontline fundraisers, leaders, trustees, and program staff is a powerful formula for fundraising success. But those who work outside the development department don’t always know how to build ties with donors — or feel comfortable asking people for money.  How can you foster an organizational culture that motivates staff, volunteers, and board members to strengthen relations with donors and advance fundraising?  Join us on demand, or live Thursday, October 27, at 2 p.m. Eastern to learn from two veteran fundraisers how to: - Encourage board members to prioritize fundraising — and give them tools to land big gifts - Show donors the value of their gifts in all communications - Teach non-fundraisers and volunteers how to advance fundraising Don't miss this chance to understand how to inspire donors and coworkers to partner in advancing your mission. [Register today.]( JOB OPPORTUNITIES [Director of Annual Giving]( The Bishop's School [Vice President and Chief of Advancement]( National Immigration Forum [Chief Revenue Officer]( The Chronicle of Philanthropy [Search other jobs.]( NEWSLETTER FEEDBACK [Please let us know what you thought of today's newsletter in this three-question survey](. 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