Congress Fails to Adopt New Giving Incentives

Plus, Bill Gates says his approach to philanthropy won’t change, even as MacKenzie Scott and others shift theirs. Also, the financier John Paulson contributes NYU $100 million ADVERTISEMENT [Philanthropy Today Logo]( Did someone forward you this newsletter? [Sign up free]( to receive your own copy. You can now follow The Chronicle on [Flipboard]( and [Google News](. GOVERNMENT AND REGULATION [Charities Lose Fight to Persuade Lawmakers to Adopt New Giving Incentives]( By Alex Daniels [STORY IMAGE]( Nonprofits say they will make a push again in 2023 to allow everyone to write off their gifts to charity. ADVERTISEMENT PHILANTHROPISTS [Bill Gates Says His Giving Approach Won’t Change — Even as MacKenzie Scott and Others Shift Philanthropy]( By Alex Daniels [STORY IMAGE]( He says his hands-on approach is working, as he laments inaction on climate change and the way the pandemic upended progress on fighting disease. GIFTS ROUNDUP [Financier John Paulson Gives NYU $100 Million]( By Maria Di Mento [STORY IMAGE]( Plus, American Technion Society received $50 million from Lynda and Stewart Resnick, and the retired race-car driver and oilman Johnny Gray and his wife, Terry, are giving Jupiter Medical Center $25 million. LETTERS TO THE EDITOR [National Philanthropic Trust Takes Issue With DAF Report Coverage]( The head of the trust argues that the Chronicle did not provide a fair and balanced depiction of the report and its data. Nonprofit News From Elsewhere Online Nonprofits besieged by sex-abuse claims are seeking protection in bankruptcy courts since dozens of states lifted statutes of limitation on abuse-related lawsuits. The Boy Scouts of America, which faces thousands of claims, a New York Boys & Girls Club, and 13 Catholic institutions have said the new state laws in part led to their bankruptcy filings. The court proceedings freeze pending lawsuits and block new ones while a comprehensive settlement for abuse victims is ironed out. Critics of the maneuver say it robs some victims of their day in court or others who might not know of the bankruptcy proceedings. But defenders of the move say it gives the defendant organizations the “finality” they need to make offers of compensation. Even some plaintiffs’ lawyers say universal settlements in bankruptcy protect their clients’ anonymity and spare them from rehashing their ordeal. ([Reuters]( A charity that chronicles and preserves the history of the Supreme Court has taken in $23 million in the past two decades, a good chunk of which came from donors with a stake in the court’s decisions. The Supreme Court Historical Society declined to disclose its benefactors, but of the $10.7 million in gifts since 2003 traced by the New York Times, at least $6.4 million “came from corporations, special-interest groups, or lawyers and firms that argued cases before the court.” The society holds an annual gala, attended by the justices, as well as lectures and re-enactments of famous cases, emceed by justices. These events give society members coveted access to members of the court, experts say. Still, even critics of the society interviewed by the Times said they did not think donations influenced the justices’ decisions. ([New York Times]( More News - Aid Groups: Afghans Will Die Because of Ban on Women in NGOs ([Associated Press]( - Faith-Based Groups on Border Unfazed by Lawmakers’ Call to Investigate Them ([Washington Post]( - MacKenzie Scott Isn’t the Only One Giving Away Her Fortune. These Are the Billionaires Who Made Ground-Breaking Donations in 2022 ([Fortune]( - Donald Trump’s Charitable Donations Varied Widely by Year ([Wall Street Journal]( — subscription) - Analysis of Washington Commanders Charity Raises Questions From Watchdog Groups ([ESPN]( Sam Bankman-Fried and FTX - Media Companies Start Returning Money Linked to Sam Bankman-Fried ([Washington Post]( - FTX Seeks to Claw Back Donations to Politicians and Charities ([Guardian]( - How the Collapse of FTX Put the Effective-Altruism Movement In Jeopardy ([WBUR]() - Giving, Good, and the Fallout of FTX: Peter Singer on Effective Altruism Now ([Guardian]( Arts and Culture - Pandemic Woes Lead Met Opera to Tap Endowment and Embrace New Work ([New York Times]( - Former Juilliard Chair Goes on Leave Amid Sexual-Misconduct Investigation ([New York Times]( SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. EDITOR'S PICKS MAJOR GIFTS [Top 10 Donations of 2022 Totaled $9.3 Billion]( By Maria Di Mento [STORY IMAGE]( Much of the money went to private foundations or to universities, but some went to cancer research and treatment, housing, youth programs, and reproductive health. TOP STORIES [The 10 Best-Read Articles in the Chronicle in 2022]( [STORY IMAGE]( At the top of the list: our annual ranking of top donors, an in-depth examination of nonprofits’ role in spreading the opioid crisis, and an exclusive survey documenting the challenges the fundraising profession faces. REPORT [Foundations Still Relatively Slow to Hire Investment Firms Owned by Women and People of Color, Study Finds]( By Sara Herschander [STORY IMAGE]( Grant makers are gradually improving the diversity of their portfolio managers, but there’s far more work to be done, according to a report. ANALYSIS [MacKenzie Scott Giving Priorities Revealed in New Data: Education, Equity, and the South]( By Drew Lindsay [STORY IMAGE]( An unusually large share of her giving is going to nonprofits in the South — a region that megaphilanthropy and particularly tech donors have long been criticized for ignoring. Plus: Scott’s giving across 53 issues OPINION [Philanthropy Buzzwords 2023: A Window Into Uncertain and Unstable Times]( By Lucy Bernholz [STORY IMAGE]( This year’s list reflects a world struggling to address the climate crisis, conflict, and the innovations and dangers posed by technology. 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.]( 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](. [Manage]( your newsletter preferences, [stop receiving]( this email, or [view]( our privacy policy. © 2023 [The Chronicle of Philanthropy]( 1255 23rd Street, N.W. Washington, D.C. 20037