Sam Bankman-Fried’s Philanthropy: Effective Altruism in the Extreme

Plus, fundraising software company Blackbaud settles suit over data breach; and keeping up with major career moves in the social sector. ADVERTISEMENT [Philanthropy Today Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. DISGRACED PHILANTHROPIST [This Is Effective Altruism? New Book Offers Unflattering Glimpses of Sam Bankman-Fried’s Philanthropy]( By Drew Lindsay [STORY IMAGE]( The controversial giving movement fueled the rise of the ex-cryptocurrency mogul, writes Michael Lewis in “Going Infinite.” ADVERTISEMENT COURT CASE [Nonprofit Service Provider Blackbaud Settles Data Breach Case]( By the Associated Press [STORY IMAGE]( The fundraising software company agreed Thursday to pay $49.5 million to settle claims related to a 2020 data breach that exposed sensitive information from 13,000 nonprofits. TRANSITIONS [Jumpstart for Young Children Will Install New CEO in January]( By M.J. Prest [STORY IMAGE]( Also, the grant maker Artadia has hired a new executive director, and Candy Marshall, president of TheDream.US since its founding 10 years ago, will step down from her post in November. DATA AND FUNDRAISING [Tips for Keeping Data Up-to-Date to Avoid Fundraising Pitfalls]( By Rasheeda Childress [STORY IMAGE]( Simple steps nonprofits can take to ensure their data is accurate and up to date, such as understanding how information is entered and what it takes to change a record. Webinars [Smart Ways to Attract Online Donors]( [STORY IMAGE]( Before you finalize your year-end fundraising strategy, join us on Thursday, October 12, at 2 p.m. Eastern to learn which online tactics are getting the best results now. You’ll learn from a vice president of online communications and a veteran fundraiser who oversees alumni engagement as they explain how to run successful online advertising campaigns, strategically time emails to maximize donor engagement, and work with social-media influencers to amplify your message, among other smart strategies. [Register by October 5 to get the early-bird rate.]( [Corporate Grant Seeking in the Current Climate]( [STORY IMAGE]( Corporations gave nearly $30 billion to charities in 2022, but many companies are redefining the focus of their giving. Company structures are changing, and grant makers feel greater pressure to show the impact of their donated dollars. How can nonprofits adjust to these changes and attract corporate support? What do companies seek from nonprofits? Join us on Thursday, October 26, at 2 p.m. Eastern to learn from a highly successful fundraiser and a leader who helps execute Boeing’s philanthropic efforts. [Register today.]( SPONSOR CONTENT | Center for Creative Leadership [Building Mission-Driven Trust: A Nonprofit's Winning Formula]( Note to Readers We will not be sending Philanthropy Today on Monday, but will be back in your inbox on Tuesday, October 10. In the meantime, we will post any breaking news on our website. Nonprofit News From Elsewhere Online Students for Fair Admissions, the anti-affirmative action group that sued to block race-conscious admissions in higher education, has filed suit against the U.S. Naval Academy. The group, which also recently sued the U.S. Military Academy at West Point, is challenging the military academies’ use of race in admissions decisions. Even though the Supreme Court effectively struck down affirmative action in colleges and universities, it left open the question of whether military academies could continue to consider race in admissions decisions. ([Washington Post]( Berkshire Hathaway executive Charlie Munger has donated $40 million in stock to the Henry E. Huntington Library and Art Museum in Southern California, a decade after giving it nearly $33 million worth of stock. The library will use the latest gift to build housing for visiting scholars, a spokeswoman said. Munger’s Berkshire Hathaway holdings in 2000 would be worth about $8.3 billion today, but over the past two decades he has given much of it away. ([Associated Press]( News About Nonprofit Workers - Former Ohio State Senator and Bernie Sanders’ Aide Nina Turner Launches Organization to Support Striking Workers ([Intercept]( - After Years of High Turnover, Arts Nonprofits are Raising Staff Wages to Compete ([Pittsburgh Post-Gazette]( - A New Study Shows Museum Workers Struggling. We Need to Evolve to Meet the Moment ([Los Angeles Times]( Background from the Chronicle of Philanthropy - [The Nonprofit Hiring Crisis]( - [In Unusual Step, Foundations Embrace Organized Labor With $20 Million Plan to Help Workers in the South]( More News - Melinda French Gates on How Leaders Can Boost Women’s Economic Power ([Economist]( - Meet the Israeli Philanthropist Joining With Bill Gates to Fight Climate Change ([Forbes]( - Ahead Of 2024, Felons Fight To Regain Right to Vote: Groups Of Felons Have Sued Mississippi, Tennessee And Virginia, Arguing Restrictions Violate Constitution ([Wall Street Journal]( - Sacked as President of The Conservative Ethan Allen Institute, Myers Mermel Alleges ‘Retaliation,’ Questions Finances ([VTDigger]( - Opinion: What Time Is It at The Heritage Foundation? ‘Reagan’s Think Tank’ Sees America ‘On the Brink’ of Decline and Incapable of Helping in Ukraine. ([Wall Street Journal]( - Two More Museums Return Egon Schiele Artworks to Heirs of Jewish Art Collector ([ARTnews]( - North Carolina Radio Station Won’t Ban Met Opera Broadcasts After All ([New York Times]( Note: In the links in this section, we flag articles that only subscribers can access. But because some journalism outlets offer a limited number of free articles, readers may encounter barriers with other articles we highlight in this roundup. New Grant Opportunities Your Chronicle subscription includes free access to [GrantStation’s]( database of grant opportunities. - [Equitable birth](. The Ms. Foundation for Women’s Birth Justice Initiative provides two-year grants to birth-justice organizations led by and for Black, Indigenous, and other women of color. Support will be provided for organizations that are serving the U.S. South, Midwest, Southwest, Alaska, Hawaii, or U.S. territories and working for change at a local or state level. Organizations must be implementing strategies that are rooted in movement building and organizing, and connected to the broader reproductive justice movement. Grants are $50,000 to $100,000. The application deadline is October 30. - [Theater](. The Actors’ Equity Foundation supports nonprofit theatres with an established artistic and administrative track record, a history of fiscal responsibility, and have worked to improve the state of the theatre. The application deadline is November 30. SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. EDITOR'S PICKS [No Apologies: Rajiv Shah Stands By Rockefeller’s Top-Down Approach]( By Marc Gunther [STORY IMAGE]( Even as MacKenzie Scott and the Ford Foundation popularize unrestricted giving, the Rockefeller Foundation maintains an experts-know-best approach to grant making. CORPORATE GIVING [What Happened to Big — and Local — Corporate Giving?]( By Eden Stiffman [STORY IMAGE]( Companies are giving away a smaller share of profits than they used to. Where does that leave the nonprofits in their backyards? DATA [Big Donors Give Bigger: Charity Dependence on the Wealthy Grows, Survey Says]( By Maria Di Mento [STORY IMAGE]( The study says volunteering can spark big gifts, but that the share of wealthy people who volunteer, while on the uptick, is still below pre-pandemic levels. ADVERTISEMENT RECOMMENDED WEBINAR [Join our next webinar]( — It can be difficult to develop a year-end drive that stands out from the crowd ― and hits fundraising goals — even in the best of times. But as inflation continues to pinch, and individual charitable giving continues its downward slide, this year’s so-called giving season could be quite challenging. Before you finalize your year-end fundraising strategy, join us to learn which online tactics are getting the best results now. Join us October 12 at 2 p.m. Eastern learn from a vice president of online communication and a veteran fundraiser who oversees alumni engagement. They’ll explain what it takes to create a successful online advertising campaign, how to strategically time emails to maximize donor engagement, and creative ways to work with social-media influencers to amplify your message. [Register now.]( JOB OPPORTUNITIES [Apply today](http://). [Vice President for University Advancement]( California State Polytechnic University, Pomona [Executive Director of Annual Giving and Donor Experience]( Centre College [Search other jobs.]( [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