The Fiscal Cliff Has Arrived. What to Do?

Plus, a new fund from Ta-Nehisi Coates targeting sexual violence; and a roundup of major grants ADVERTISEMENT [Philanthropy Today Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. FINANCE AND REVENUE [The Fiscal Cliff Has Arrived — and With It, Cuts, Layoffs, and Crisis. A Look at 2024’s Hunt for Revenue.]( By Sara Herschander [STORY IMAGE]( In 2023, nonprofits were forced to make tough decisions — including mergers, layoffs, and program cuts — to stay afloat. ADVERTISEMENT GRANT MAKING [Ta-Nehisi Coates Spearheads New Fund Combating Sexual Violence]( By Kay Dervishi [STORY IMAGE]( Inspired to action after singer R. Kelly’s trial, author Ta-Nehisi Coates is teaming up with two nonprofits to create the Courage Fund. [McGovern Foundation Awards $66 Million to Advance A.I. for the Public Good]( By M.J. Prest [STORY IMAGE]( Also, MathWorks committed $25 million to protect and restore land throughout Massachusetts, and the Howard Hughes Medical Institute promised $15 million to six research universities to bolster student success in the STEM fields. WEBINARS [January 18, 2024, at 2 p.m. ET | Register Now]( [STORY IMAGE]( How can you keep supporters connected to, and inspired by, your cause in uncertain times? Join us for the webinar Developing a Donor-Engagement Plan for 2024 to get tips and tactics for mapping out a year-long strategy that you can adjust as conditions warrant. You’ll learn how to prioritize tactics and communication channels that get results, keep your cause top of mind among supporters, and lay a strong foundation for year-end fundraising appeals. SPONSOR CONTENT | The California Endowment [Why "People Power" is the Answer to an Equitable Future]( Nonprofit News From Elsewhere Online Wayne LaPierre will face the toughest test of his survival as longtime leader of the National Rifle Association when the New York attorney general’s corruption lawsuit against the nonprofit goes to trial next week. ([New York Times]( Some college football teams are wooing key players via nonprofit fan collectives, or for-profit companies, that buy the rights to players’ names, images, or likenesses, but the fat payoffs to players have started to attract the attention of the Internal Revenue Service. ([New York Times]( More News - Under Gay, Harvard Faced Donor Pressure and a Drop in Early Admission Applications. ([New York Times]( - Background from the Chronicle: [Donor Revolts, Fundraising Fallout, and Why the Ivy League’s Turmoil Matters to All Nonprofits]( - Billionaire Philanthropist Mackenzie Scott, Company Founded by Melinda French Gates Donate $23M to School-Based Health Alliance ([Houston Business Journal]( - Background from the Chronicle: [Melinda French Gates and MacKenzie Scott Join Forces to Support Women’s Causes]( - Former Baltimore Mayor Stephanie Rawlings-Blake Helping NBA Players ‘Find Their Philanthropic Voice’ ([Baltimore Sun]( - Sidney Wolfe, Relentless Consumer Activist and FDA Foe, Dies at 86 ([Washington Post]( Opinion - It Is Time to Tax The Rich … and Their Foundations ([Al Jazeera]( - I’m Rethinking How I Choose to Give to Those in Need ([Washington Post]( - The Welfare-Industrial Complex Is Booming: What’s Driving American Job Growth? In Progressive States, It’s Government, Social Assistance and Healthcare. ([Wall Street Journal]( - Barriers Keeping Homeless Families From Shelter Are Not Acts of Nature — But Choices We Make ([Boston Globe]( - In Their War on Children’s Health, Red States Reject Federal Meal Program for Low-Income Families ([Los Angeles Times]( - Patrons of Conservative Minds: What Needs to Be Accomplished to Improve Society and Foster the Common Good? ([American Conservative]( 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. SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. EDITOR'S PICKS BIG GIFTS [Gifts From Warren Buffett and Phil Knight Top the List of 2023’s Biggest Donations]( By Maria Di Mento [STORY IMAGE]( Among the recipients: Harvard, Henry Ford Health, and the 1803 Fund to revive a once-thriving Black neighborhood in Portland, Ore. READER FAVORITES [The 10 Best-Read Articles in the Chronicle in 2023]( By Chronicle Staff [STORY IMAGE]( Giving is down, leading a nonprofit has become nearly impossible, and A.I. looms on the horizon: Here are the stories that philanthropy and nonprofits cared about in 2023. OPINION [From ‘Data Lake’ to ‘Doom Loop,’ the Philanthropy Buzzwords We’ll Be Hearing in 2024]( By Lucy Bernholz [STORY IMAGE]( This year’s list highlights the nonprofit world’s tension between navigating A.I. and other new technology while keeping the focus on human needs. SPONSOR CONTENT | The California Endowment [A Resolution for Philanthropy in 2024]( How impact investing is changing the way we support communities and what it means for the future of philanthropy. ADVERTISEMENT RECOMMENDED WEBINAR [Join our webinar]( — Fundraisers and nonprofit communicators know how vital it is to keep donors regularly informed and inspired by your work. The year ahead is likely to be filled with distractions — from ongoing economic uncertainty and geopolitical strife to a U.S. presidential election — so cutting through the noise will take creativity and thoughtful planning. How can you keep supporters connected to your cause in unpredictable times? Join us on Thursday, January 18, at 2 p.m. Eastern for a 75-minute webinar to get tips and tactics for mapping out a year-long strategy that you can adjust as current events or economic conditions warrant. You’ll learn how to prioritize tactics and communication channels that get results and lay a strong foundation for year-end fundraising appeals. Don't miss this chance to start the year off strong. [Register now.]( JOB OPPORTUNITIES [Apply today](http://). [Director of Development]( Leadership Roundtable [Director - Program Services]( DVA Navion/Salvation Army [Executive Director]( Eagle's Nest Foundation [Communications Manager]( Funders' Collaborative on Youth Organizing [Senior Philanthropy Officer]( Grand Canyon Conservancy [Development Director, Quaker Regional Office]( Baltimore Yearly Meeting (Quakers) [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. © 2024 [The Chronicle of Philanthropy]( 1255 23rd Street, N.W. Washington, D.C. 20037