Foundation Assets Swelled in 2023, But Don't Expect a Giving Boom

Plus, research shows the effectiveness of in-person fundraising events; and career transitions 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](. FINANCES AND REVENUE [Foundation Assets Are at All-Time Highs, but Don’t Expect a Giving Boom]( By Sara Herschander [STORY IMAGE]( The stock market rally in the final stretch of 2023 left foundations with $1.48 trillion in assets. ADVERTISEMENT DATA AND RESEARCH [Nonprofits That Host In-Person and Hybrid Events Raise More Money]( By Emily Haynes [STORY IMAGE]( Donors seem to appreciate the chance to gather in-person again; 44 percent of respondents to a survey said their supporters attended only in-person fundraising events. TRANSITIONS [Art Bridges Foundation Chooses New CEO]( By M.J. Prest [STORY IMAGE]( Plus, two community foundations have named new leaders, and the California philanthropist Betty Moore has died at age 95. 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 | Ganbina [All is Not Lost in the Fight to Solve Global Indigenous Disadvantage]( Nonprofit News From Elsewhere Online A cyber attack on a tech-services provider has affected several prominent museums, including Boston’s Museum of Fine Arts and the Crystal Bridges Museum of American Art in Arkansas, with some losing their online collection-search functions and others losing access, at least temporarily, to sensitive information about their artworks, including provenance records and loan agreements. ([New York Times]( Oklahoma nonprofits are envisioning a struggle this summer to keep all of the state’s children fed, as the governor has refused federal aid for summer meal programs and some groups come off of one of their worst fundraising years on record. ([KOKH]( More News - A Day After Harvard’s President Quits, Jewish Alumni Launch Campaign to Force MIT’s Hand ([Haaretz]( - Is Big Tech Using Philanthropy to Influence Universities? ([Marketplace]( - Builders Blitz: How a Durham Nonprofit Built 2 Houses In 7 Days for Less Than $360,000 ([Raleigh News & Observer]( - Don’t Throw Away Those Legos. This Teen Will Give Them a Second Life. ([Washington Post]( - Donald Wildmon, Early Crusader in Conservative Culture Wars, Dies at 85 ([New York Times]( Opinion - Nonprofit Leader: We Can Save North Dakota’s Wild Horses ([Washington Post]( - The AIDS Healthcare Foundation Vs. Sensible Housing Policy ([Orange County Register]( Arts & Culture - Philanthropy Adviser Leslie Ramos on How to Get The Rich to Fund the Arts ([Financial Times]( - Memphis Brooks Museum Is Expanding Its Collection of Works by Black Artists ([Commercial Appeal]( - Orlando Museum of Art Lawsuit: 19 Months to Trial, $500,000? ([Orlando Sentinel]( - Using the Wyeth Art She Reveres to Rebuild a Lost Maine Waterfront ([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. [African American Heritage]( The National Trust for Historic Preservation’s African American Cultural Heritage Action Fund advances place-based cultural heritage preservation projects for historic places representing African American cultural heritage. The Fund’s National Grant Program supports ongoing preservation activities for historic places such as sites, museums, and landscapes that represent African American cultural heritage. Grants range from $50,000 to $150,000; deadline is February 1. [Literacy]( The Snapdragon Book Foundation provides funds to improve school libraries for disadvantaged children in the United States. Grants are awarded to public, private, and experimental schools that serve disadvantaged children in pre-K through grade 12. Grants are typically $2,500 to $10,000; deadline is February 11. SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. EDITOR'S PICKS OUTLOOK FOR A NEW YEAR [5 Trends Fundraisers Need to Watch in 2024]( By Rasheeda Childress [STORY IMAGE]( Among the forces that will shape development this year: artificial intelligence, the explosion of DAFs, and the culture wars. 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. OPINION [Education Success Starts With Family Involvement. Why Aren’t Donors Funding It?]( By Ambika Kapur and Stephanie Sharp [STORY IMAGE]( Addressing post-pandemic learning loss should include far greater support for programs that involve parents and caregivers in their kids’ educations. SPONSOR CONTENT | Classy [Combating the Generosity Gap]( Classy and GoFundMe share how non-profits can overcome the generosity gap and effectively connect with donors. 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, Major Gifts & Individual Giving]( New York City Ballet [Director of Development, Independent Day School]( Falmouth Academy [Director of Operations - VIRTUAL]( VOAD/DVA Navion [Donor Relations Specialist]( Little Traverse Conservancy [Managing Director of Advancement - School/Non-profit]( New England Science & Sailing Foundation [Director of Development]( Pinnacle Talent Acquisition [Search other jobs.]( [Chronicle of Philanthropy Logo]( This newsletter was sent to {EMAIL}. [Read this newsletter on the web](. 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