Race-Based Grants Face Challenges After Supreme Court Decision

Plus, readers defend trust-based philanthropy; and the effect of nonprofit hospitals on local communities ADVERTISEMENT [Philanthropy Today Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. 2024 TRENDS [The Next Test of the Supreme Court’s Affirmative Action Decision: Race-Based Foundation Grants]( By Alex Daniels [STORY IMAGE]( The Fearless Fund, an Atlanta-based venture-capital firm, and its associated foundation face a lawsuit arguing that its grants targeted to Black women entrepreneurs violate civil-rights laws. ADVERTISEMENT LETTERS TO THE EDITOR [End Donor Dominance: Readers Respond to Op-Ed Criticizing Trust-Based Philanthropy]( Readers say commentary misrepresents giving approach as lacking accountability; contend the opposite is the case. GOVERNMENT AND REGULATION [Nonprofit Hospitals Are Required to Help Their Communities, but People Living Nearby May See Little Benefit]( By Jonathan Wynn and Daniel Skinner [STORY IMAGE]( The federal mandate is vague, and some hospitals spend no money at all on charity care. WEBINARS [February 8 at 2 p.m. ET | Register Now]( [STORY IMAGE]( More nonprofits are relying on major gifts to hit fundraising goals, as giving at lower levels ebbs. Whether you want to attract new donors or inspire greater giving among current supporters, join us for Proven Strategies for Connecting with Major Donors. You’ll learn directly from two veteran fundraisers which strategies are working best in the current climate to attract support from wealthy individuals, proven ways to keep them in the fold, and how to deepen ties with them in the year ahead. SPONSOR CONTENT | James Irvine Foundation [How Nonprofits Can Contribute More to an Inclusive Society]( ONLINE FORUMS [Today: January 30 at 2 p.m. ET | Register Now]( [STORY IMAGE]( Start the new year with insights from the Chronicle. Join CEO Stacy Palmer and a panel of reporters for Key Nonprofit Trends to Watch in 2024. They’ll explore the fundraising outlook for the year ahead, steps nonprofits are taking to solve hiring and retention challenges, the future of trust-based philanthropy, and the ways nonprofits and foundations are navigating the impact of last year’s Supreme Court affirmative action decision. Learn from the seasoned journalists who cover these issues: Rasheeda Childress, Alex Daniels, and Jim Rendon. SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. Nonprofit News From Elsewhere Online Taking advantage of a surging share price, Netflix co-founder Reed Hastings has donated about $1.1 billion worth of stock in the streaming company to the Silicon Valley Community Foundation, a charity popular with technology billionaires that holds most of its $10.1 billion in assets in donor-advised funds and is tight-lipped about its donors’ giving. ([Wall Street Journal]( subscription) Background from the Chronicle: - [Netflix Co-Founder Reed Hastings and Wife, Patty Quillin, Give $120 Million to Spelman, Morehouse, and UNCF (Gifts Roundup)]( Opinion: While Big Philanthropy, with enormous sums at its disposal, sometimes seems to tilt at windmills, community foundations provide a model for how to bring people together and get things done, with their local outreach a possible way back to the participatory rituals that an atomized American society desperately needs, writes former Indiana governor Mitch Daniels. ([Washington Post]( Background from the Chronicle: - [Community Foundations Band Together to Fight Structural Racism]( More News - In Court, N.R.A. Questions Its Longtime Chief About His Luxury Spending ([New York Times]( - At Penn, Tensions May Only Be Growing After Magill’s Resignation ([New York Times]( - U.S. Museums Have Reached Their Moment of Reckoning With Indigenous Culture ([Boston Globe]( - Billionaire Philanthropist David Rubenstein Stepping Down as Kennedy Center Chairman ([Washington Post]( - Burnett Foundation Spent $1 Billion on Fort Worth. Will Next Generation Step Up? ([Fort Worth Report]( - Maryland Food Bank Funds Nonprofits to Get at the Root of Poverty ([WYPR]( - How New York’s Tenement Museum Got a New Tenant ([New Yorker]( - Oregon Newspaper That Fired Entire Staff After Embezzlement to Relaunch Print Edition Thanks to Fundraising, Community Support: ‘You’ve Got to Give It a Shot’ ([Associated Press]( - After a Bleak Turn for the Baltimore Sun, Independent Outlets See a Surge in Subscribers and Attention ([Nieman Lab]( Opinion and Analysis - Prince Harry’s Charity Promotion Is Hugely Problematic ([Newsweek]( - Over Half of Charity Campaigns for International Causes Focus on Africa – Here’s Why That’s Harmful ([Conversation]( - No More Billionaires? We Can Be More Ambitious Than That. No One Needs More Than $20 Million ([Los Angeles 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. SPONSOR CONTENT | NewsMatch [Supporting Trusted Nonprofit Journalism]( INN breaks down how they drive growth of independent, nonprofit news. EDITOR'S PICKS INTERVIEW [TED’s Chris Anderson: How to Make Kindness — and Giving — Go Viral]( By Sara Herschander [STORY IMAGE]( In his new book “Infectious Giving,” Anderson argues nonprofit leaders and philanthropists have a role in reclaiming the Internet. OPINION [Fewer People Want to Lead Nonprofits. What’s the Answer?]( By Frances Kunreuther and Sean Thomas-Breitfeld [STORY IMAGE]( A new study finds that aspiring leaders, especially those of color, aren’t being pulled into leadership through support and positive role models but are more often pushed into top positions to escape difficult work circumstances. SOCIAL MEDIA [Dogs, Octopuses, and Cash: Two TikTok Fundraising Success Stories]( By Rasheeda Childress [STORY IMAGE]( Animal organizations have turned to the popular video-sharing platform to connect with fans and raise money. ADVERTISEMENT RECOMMENDED WEBINAR [Join our webinar]( — Charities’ dependence on wealthy donors is growing as giving at lower levels ebbs. Women continue to influence big giving and now wealthy millennial and Gen Z households are making their mark. How are big-gift fundraisers successfully cultivating donors? Are economic pressures causing any shifts in strategy? Join us on Thursday, February 8, at 2 p.m. Eastern for a 75-minute webinar to learn directly from fundraising leaders about the outlook for 2024 and how best to connect with wealthy donors in the year ahead. [Register now.]( JOB OPPORTUNITIES [Apply today](http://). 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