Fidelity Charitable Predicts New Grants Will Surpass Deposits in 2022

Plus, four major nonprofits are partnering on an effort to bring together people of different political parties, faith traditions, and racial and ethnic identities in communities across the United States (opinion). ADVERTISEMENT [Philanthropy Today Logo]( Did someone forward you this newsletter? [Sign up free]( to receive your own copy. INDIVIDUAL GIVING [Fidelity Charitable Says New Grants to Surpass Deposits in 2022]( By Glenn Gamboa, AP Business Writer [STORY IMAGE]( It would be the first year since 2018 that the value of grants from its donor-advised funds exceeded the value of investments going into the funds. ADVERTISEMENT INDIVIDUAL GIVING [Fidelity Charitable Launches NFT Raffle Amid Crypto Downturn]( By Thalia Beaty, Associated Press [STORY IMAGE]( The effort aims to tap into a new generation of donors. OPINION [We Know That Bridging Deep Differences Is Possible. Our Organizations Do It Every Day.]( By Sister Donna Markham , Suzanne McCormick, Eboo Patel, and Jonathan Reckford [STORY IMAGE]( A coordinated effort is needed in communities across the country to bring together people of different political parties, faith traditions, and racial and ethnic identities. A new undertaking from four major nonprofits aims to lead the way. BRIEFINGS & FORUMS [Tomorrow: Individuals Are Giving Billions to Combat Climate Change. Is It Enough to Save the Planet?]( [STORY IMAGE]( READERS IN THE BOSTON AREA: Join the Chronicle and our partners from the Associated Press and the Conversation for a free, in-person briefing with Andrew Steer, head of the Bezos Earth Fund, and other climate activists and experts tomorrow, Wednesday, November 30, 2022, at 5 p.m. Eastern at GBH, 1 Guest St., Boston. [Sign up now for tomorrow’s in-person event.]( [Smart and Strategic Planning in Uncertain Times]( [STORY IMAGE]( With the economy in flux, nonprofit executives are adjusting budgets and strategic plans yet again — after several years of adapting to seismic shocks. How can savvy leaders forecast and plan for different scenarios in 2023? Join us on December 6 at 2 p.m. Eastern for a free briefing in which planning experts and nonprofit leaders will explore what executives should be doing now, what to expect in the year ahead, and how to identify opportunities amid uncertainty. [Register today.]( Nonprofit News From Elsewhere Online In a first for the United States, the Nature Conservancy is taking out insurance on Hawaii’s coral reefs to protect them from climate change, even though it does not own them. Under the pilot program, the organization would make a claim against its $2 million policy after a storm with winds strong enough to damage the coral reef, which acts as a natural sea wall for the islands. The state government would then issue a permit for the nonprofit to conduct repairs, funded by the insurance payout. The scheme is meant to help underfunded and underprepared state governments cope with the mounting technical and financial challenges posed by climate change. The conservancy has tried the approach in Mexico, with mixed success, and Belize, where it fared better. ([New York Times]( For 30 years, one man ran an analysis and lobbying powerhouse in Washington that expanded – and protected – the American safety net. Launched in 1981, Robert Greenstein’s Center on Policy and Priorities has helped shape the current versions of food stamps, energy-assistance programs, the earned-income tax credit, and more than a dozen other government aid efforts. The center became the go-to think tank for liberals, and even some conservatives, looking for quick and reliable policy analysis. Greenstein’s opinion was sometimes enough to torpedo a program before it began and his team’s knowledge of Capitol Hill could sometimes put political staffers to shame. Upon his retirement in 2021, House Speaker Nancy Pelosi toasted him “on behalf of the millions of lives that we know you’ve saved.” ([Vox]( About Big Philanthropy - Warren Buffett Explains His $750 Million Charitable Donation on Thanksgiving Eve ([CNBC]( - Jeff Bezos: Does U.S.-Style Philanthropy Exist in U.K.? ([BBC]( - Here Are the 7 Richest People in the World Who Haven’t Signed the Giving Pledge—Jeff Bezos Is No. 3 ([CNBC]( - D.C.-Based English Class for Immigrants Goes Global During Pandemic ([Washington Post]( Nonprofit Innovation - This Nonprofit Helps Old Building Materials Find New Homes ([Christian Science Monitor]( - How Floating Wetlands Are Helping to Clean Up Urban Waters ([Yale E360]( - It Takes a Village to Map the Urban Heat Island Effect ([Bloomberg CityLab]( Opinion - Not-So-Effective Altruism ([National Review]( - If Greed Can Ever Be Good, That Philosophy Didn’t Work at FTX’s Charity ([Guardian]( - The Case for a Less-Effective Altruism ([New York Times]( - The Moral Failing of ‘Effective Altruism’ ([Boston Globe]( Appreciations - Pablo Eisenberg, Fierce Critic of Aloof Philanthropies, Dies at 90 ([New York Times]( - Pablo Eisenberg, a Fierce Critic of Nonprofits and Philanthropy, Died at Age 90 ([NPR]( - Background from the Chronicle: [Philanthropy Watchdog and Social-Justice Advocate Pablo Eisenberg Dies at 90: a Tribute from the Chronicle’s Editor]( - Mitchell Rosenthal, Phoenix House Founder, Dies at 87 ([New York Times]( SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. EDITOR'S PICKS INDIVIDUAL GIVING [10 Years In, GivingTuesday Has Become a Day Charities Can’t Afford to Sit Out]( By Emily Haynes [STORY IMAGE]( When #GivingTuesday debuted in 2012, some people didn’t even know what a hashtag was. In the years since, the event asking donors to give online has grown in popularity so much it is now can’t-miss day for charities. A-TWITTER OVER TWITTER [Nonprofits Consider Leaving Twitter Over Platform’s Uncertain Future]( By Sara Herschander [STORY IMAGE]( Some organizations have paused or reduced both advertising and communications over concerns about the changes that have occurred in the weeks since Elon Musk bought Twitter. ANALYSIS [FTX Scandal Gives Cryptophilanthropy a Black Eye, but Nonprofits Raising Digital Cash Stay the Course]( By Drew Lindsay [STORY IMAGE]( Charities favored by cryptophilanthropists are assessing the fallout from a scandal that reinforces skepticism about marrying the alternative currency and charitable giving. GOVERNMENT AND LEGISLATION [Nonprofits Urged to Move Fast to Push Their Agendas in Congress]( By Alex Daniels [STORY IMAGE]( An influx of new lawmakers means the best chance for action on the charitable deduction and other issues nonprofits care about is during the next few weeks, when the old Congress will be moving through legislation, advocates say. But it’s also crucial to start educating new lawmakers who don’t understand how nonprofits and foundations work, they said. OPINION [Good News for Local News as More Nonprofit Outlets Show What’s Possible]( By Sarabeth Berman [STORY IMAGE]( Local journalism is coming back to life in many communities thanks to increased giving from foundations and individual donors. But the success of these nonprofit newsrooms is far from guaranteed and will depend on continuing philanthropic support. ADVERTISEMENT RECOMMENDED WEBINAR [Watch Our On-Demand 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? Watch the webinar recording 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 to receive the recording.]( JOB OPPORTUNITIES [Vice President for Advancement]( Nebraska Wesleyan University [Major Gifts Officer]( Outright International [Program Operations Director]( Bush Foundation [DIRECTOR OF DEVELOPMENT]( ROC UNITED [Associate Vice President for Development]( California State Polytechnic University, Humboldt [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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