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How to Connect With Wealth Advisers to Raise More From DAFs

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Mon, Mar 27, 2023 03:45 PM

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Plus, Cedars-Sinai lands $170 million from two donors, including Hollywood producer Chuck Lorre ADVE

Plus, Cedars-Sinai lands $170 million from two donors, including Hollywood producer Chuck Lorre 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 [Apple News]( [Flipboard]( and [Google News](. DONOR-ADVISED FUNDS [8 Proven Ways to Engage Wealth Advisers — and Raise More From DAFs]( By Lisa Schohl [STORY IMAGE]( What works — and what doesn’t — when building ties with financial professionals to attract DAF gifts. ADVERTISEMENT GIFTS ROUNDUP [Cedars-Sinai Lands $170 Million From 2 Donors, Including Hollywood Producer Chuck Lorre]( By Maria Di Mento [STORY IMAGE]( Plus, best-selling authors James and Susan Patterson gave $5 million to bolster the teaching work force in Wisconsin, and two higher-education institutions and a Baltimore area health-care system all received big gifts. Webinars [How to Identify and Prioritize Key Donors and Prospects]( [STORY IMAGE]( Savvy fundraisers know it’s essential to figure out which donors and potential supporters are likely to give most generously — and prioritize them. But at many nonprofit organizations, this process involves a lot of guesswork and missed opportunities. So we’ve assembled an expert in donor research, along with a successful chief development officer, to show you how to gather data to help you invest limited resources wisely. Join us live on Thursday, April 20, at 2 p.m. Eastern. [Register Now.]( SPONSOR CONTENT | The James Irvine Foundation [Investing in an Economy of Belonging]( ONLINE BRIEFINGS [Tomorrow: Using Data to Improve Online Fundraising]( [STORY IMAGE]( Digital fundraisers can gain all sorts of insights from data about online campaigns. Whether its testing subject lines or social posts, analyzing email or newsletter open rates to see which messages resonate with supporters, or tracking people’s online engagement with your organization — data can take digital fundraising from good to great. Join us on tomorrow, Tuesday, March 28, at 2 p.m. Eastern to learn from your peers how to make the most of digital data, even without a big budget. [Sign up today.]( SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. Nonprofit News From Elsewhere Online Nonprofits launched by well-meaning professional athletes often spend a small percentage of what they raise on charitable activity. Unions, sports leagues, and fans reward players for giving back to their communities, but players usually lack experience in nonprofit management. As a result, they tend to fall into one of two traps: hiring ill-equipped friends or relatives to run their organizations or hiring a consulting company that specializes in sports charities, some of which are notorious for soaring overhead, lavish spending, and only perfunctory charity, according to a journalist who reviewed 25 years’ worth of professional athletes’ charitable efforts. Athletes who are effective at charity tend to simply ally with and raise funds for an existing nonprofit instead. ([USA Today]( Among the thousands of foreigners who have rushed to help Ukraine defend itself against Russia’s attack are fundraisers whose tactics and results are in question. Five- and six-figure spending on subpar night-vision devices, equipment shipments that apparently skirted U.S. export controls or never arrived, and other examples of possible waste and fraud have tainted the campaigns raising funds abroad for the fight in Ukraine. Some of those involved have no experience in fundraising or combat or have been opaque about their accounting. They are part of a chaotic volunteer movement that has sometimes undermined Ukraine’s war effort. ([New York Times]( More News - Intel Co-Founder and Philanthropist Gordon Moore Has Died at 94 ([NPR](. Background from the Chronicle: See more [about his giving]( in our Philanthropy 50 section, and read an [interview]( with him from our archives about his foundation’s goals. - Donors Could Steer Coverage at Daily Caller Nonprofit ([Semafor]( - Texas Observer, Legendary Crusading Liberal Magazine, Is Closing and Laying Off Its Staff ([Texas Tribune]( - 4 Ways ChatGPT Could Help Level the Humanitarian Playing Field ([New Humanitarian]( - Here’s How You Can Help the Victims of the Miss. Tornadoes ([New York Times]( Fighting Poverty - Bad Bets, Dysfunction: Inside the Collapse of the Skid Row Housing Trust ([Los Angeles Times]( - Calif. Will Spend $30 Million to Build 1,200 Tiny Homes to Combat the State’s Homelessness Crisis — Here’s What They Could Look Like ([Insider]( - ‘Catastrophe’ for Poor New Yorkers as Pandemic Food Aid Ends ([New York Times]( - Outgoing Catholic Charity Chief: Poverty Requires More Than ‘Band-Aids’ ([Washington Post]( Arts and Culture - How a Coalition Founded During the Pandemic Is Helping Small L.A. Art Organizations Thrive ([Los Angeles Times]( - Ann Philbin Has Transformed L.A.’s Hammer Museum, Inside and Out ([New York Times]( - The Life, Death, and Life of San Antonio’s Symphony ([Texas Observer]( - The British Museum Holds the Line on Its Imperial Loot ([Wall Street Journal]( — subscription) SPONSOR CONTENT | AWS [Supercharge Your Fundraising Efforts with Financial and Tech Support]( Learn how you can earn up to $5,000 in promotional credit and access to training partners and events to scale your organization. Editor's Picks FOUNDATION GIVING [Knight Foundation Leader to Retire, Leaving a Powerful Legacy]( By Alex Daniels [STORY IMAGE]( Alberto Ibargüen made an indelible mark by helping to save Detroit, boost the arts in Miami, and keep journalism alive and well in the internet age. ECONOMIC OUTLOOK [Banking Failures Add to Growing Economic Uncertainty for Nonprofits]( By Sara Herschander [STORY IMAGE]( Foundation grants and gifts from individuals could be at risk as nonprofits continue to struggle to pay wages that will keep workers from seeking other opportunities. OPINION [As Threats to Abortion Access Grow, Emergency Philanthropic Funding Isn’t Nearly Enough]( By Judy Wright and Charlene Bencomo [STORY IMAGE]( A new collaborative effort in New Mexico among nonprofits, philanthropy, and government is showing what effective responses to the reproductive health care crisis can look like. OPINION [A Set of Ethical Principles Can Help Philanthropy Regain Public Trust in the Field]( By Kathleen Enright [STORY IMAGE]( With the release this week of guidelines for building trust in the philanthropic world, the head of the Council on Foundations is calling on grant makers to hold each other accountable for maintaining high ethical standards. INTERVIEW [Growth of Organizations That Advance the Work of All Nonprofits Poses Challenges, Research Finds]( By Alex Daniels [STORY IMAGE]( Lack of funding stymies innovation for these groups, and the lack of any way to evaluate the quality of services provided means nonprofits often face tough choices when seeking help for training, advocacy, and other needs, according to scholars at the Urban Institute. ADVERTISEMENT RECOMMENDED WEBINAR [Join Our Next Webinar]( — Savvy fundraisers know it’s essential to figure out which donors and potential supporters are likely to give most generously — and then decide whom to cultivate first. But at many nonprofit organizations, this process involves a lot of guesswork and missed opportunities for gifts. That’s why we've assembled an expert in donor research, along with a successful chief development officer, to show you how to gather the data you need to wisely invest your limited staff time and fundraising budget. Join us live on Thursday, April 20, at 2 p.m. Eastern for a 75-minute session (or watch on demand) to get practical guidance on creating a road map for identifying and building stronger ties with those donors who have the greatest potential to support your work. You'll get tips on mining your database to reveal promising donor behaviors and traits, tools you can use to find solid prospects, and ways to deepen relationships with your leading supporters. [Register today.]( JOB OPPORTUNITIES [President and Chief Executive Officer]( Oregon Symphony Association [Major Gifts Officer]( Cleveland Museum of Natural History [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](. [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

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