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Apparent IRS Blunder Causes Headaches for Nonprofits

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Wed, Feb 28, 2024 03:42 PM

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Plus, nine questions for more inclusive board meetings; and the Henry Luce Foundation awards $12.3 M

Plus, nine questions for more inclusive board meetings; and the Henry Luce Foundation awards $12.3 Million for gender diversity in STEM ADVERTISEMENT [Philanthropy Today Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. [‘Dodgy’ Data Dump From IRS Causes Headaches for Nonprofits]( By Alex Daniels [STORY IMAGE]( In a potentially widespread error, the agency sent tax-return data for nonprofits that apparently misreports organizations’ 2022 finances. LEADING [9 Questions to Help Boards Run More Inclusive Meetings — and Make Better Decisions]( By Katie Smith Milway and Susan Wolf Ditkoff [STORY IMAGE]( Start with the “big why,” and more advice that can help board leaders build agendas and cultures that ensure every trustee’s voice is heard. GRANTS ROUNDUP [Henry Luce Foundation Awards $12.3 Million to Improve Gender Diversity in STEM]( By M.J. Prest [STORY IMAGE]( Also, the Helmsley Charitable Trust gave $12 million to study how to help people with Type 1 diabetes safely exercise, and the Wyss Foundation donated $5 million to conserve the 15,500-acre Minam River Ranch in northeast Oregon. WEBINARS [Tomorrow: February 29 at 2 p.m. ET | Register Now]( [STORY IMAGE]( Grant makers don’t often support “overhead” or increase their giving as expenses go up each year. Yet experts say nonprofits shouldn’t shy away from talking about the need for operational support or larger grants. Join us for Seeking Support for General Operations: What to Know to learn how to make a compelling case for support that positions your organization as strong and sustainable. [March 21 at 2 p.m. ET | Register Now]( [STORY IMAGE]( How can your nonprofit host events that inspire donors without breaking the bank? Join us to learn from two experts how to stay within your event budget without sacrificing your donors’ experience. Plus, you’ll get creative ideas for highlighting your mission and connecting with donors at your next event. Join us for How to Host Engaging Events and Stay Within Budget. SPONSOR CONTENT | Ganbina [Breaking the Cycle of Disadvantage, One Success Story at a Time.]( ONLINE FORUMS [March 12 at 2 p.m. ET | Register Now]( [STORY IMAGE]( Join us for the forum Boomer and Gen X Mega-Donors Are Driving Trends in Giving. You’ll hear directly from two donors on the Philanthropy 50 this year, learn from an expert on big giving, and gain insights from this year’s list, released March 5. Don’t miss this chance to learn about the generational giving preferences and motivations of these donors, so you can shape your outreach to wealthy individuals and plan for what’s ahead. SUBSCRIBE TO THE CHRONICLE Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. Nonprofit News From Elsewhere Online Many groups that focus on racial justice and equity are having to retrench as the spigot of corporate and foundation donations that opened during the protests of 2020 has now closed, amid increasing political and legal attacks on diversity, equity, and inclusion efforts. ([Capital B Atlanta]( Plus: ‘It All Fell Apart': Fearless Fund Founder on Impact of DEI Lawsuits ([Inc.]( Background from the Chronicle: [Stories on Diversity, Equity, and Inclusion]( A Biden administration effort to end hunger and reduce diet-related diseases by 2030 has attracted another $1.7 billion in pledges from corporations, nonprofits, local governments, and philanthropies, in addition to $8 billion in commitments announced in 2022. ([Associated Press]( More News - Harvard University Floats $1.65 Billion Upcoming Debt Sale ([Bloomberg]( - Virginia Moves Toward Removing Tax Breaks for Confederate Heritage Group ([New York Times]( - Two Years Into War, Major Jewish Fundraising for Ukraine Has Slowed to a Trickle ([Jewish Telegraphic Agency]( - Girl Scouts of the USA Apologize to St. Louis Troop Raising Money for Gaza ([St. Louis Post-Dispatch]( - He Rescued 1.5 Million Yiddish Books. Now He Will Have Time to Read Some. ([New York Times]( - Green Nonprofits Are Scouting for New Bosses ([E&E News]( 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. EDITOR'S PICKS OPINION [Women Leaders of Color Are Exhausted. Philanthropy Needs to Step Up.]( By Sayu Bhojwani [STORY IMAGE]( From unfulfilled racial justice pledges to unionizing nonprofits, the pressures on woman leaders like me aren’t letting up. Donors need to recognize that and invest in our physical and mental health. BIG BETS [What Happened to George Soros’s $100 Million Bet? How Human Rights Watch Went Global.]( By Tamara Straus [STORY IMAGE]( In 2010, Open Society Institute gave its biggest gift to a New York City-based human-rights nonprofit, with the mandate to expand internationally. Meanwhile, the world became more authoritarian. WORK AND CAREERS [The Empty C-Suite: Nonprofit Executives Are Leaving to Become Consultants]( By Jim Rendon [STORY IMAGE]( Finding their replacements isn’t easy — and often costs far more than organizations expect. ADVERTISEMENT RECOMMENDED WEBINAR [Join our webinar]( — Fundraising events can come with a sizable price tag. With rising costs, it’s harder than ever for fundraisers to balance the desire to create an exceptional donor experience with the need to ensure an event brings in more dollars than it costs. How can nonprofits host memorable events that don’t break the bank? Join us on Thursday, March 21, at 2 p.m. Eastern to learn about proven ways to highlight your mission, connect with donors, and hit your revenue goals by keeping costs under control. [Register now.]( JOB OPPORTUNITIES [Apply today](http://). [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

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