Report Projects 22,000 Nonprofits Will Fail Due to Coronavirus
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FINANCE AND REVENUE
Report Projects 22,000 Nonprofits Will Fail Due to Coronavirus
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By Dan Parks
That median estimate produced by Candid represents a failure rate of 7 percent on top of the 4 percent of groups that would fail in the absence of a crisis. (PREMIUM)
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OPINION
Why I’m Leaving the Nonprofit World
By Sylvia Kim
A leader of color says organizations should rethink their operations — and give more say to people closest to the mission.
TRANSITIONS
Schultz Family Foundation Hires First Outside President
By M.J. Prest
Also, Ronald McDonald House Charities has promoted its next leader from within, and the Washington Regional Association of Grantmakers has appointed an interim CEO.
PAID FOR AND CREATED BY SALESFORCE
The Case for Change
Many nonprofits have dozens of chapters or branches that don’t always operate as cohesively as they could. By modernizing technology and making a conscious effort to operate as one unit, The ALS Association is well on the way toward a much-needed organizational transformation.
Nonprofit News From Elsewhere
Giving from donor-advised funds is up sharply this year as fund managers urge donors to support pandemic-related efforts without cutting their usual contributions. Schwab Charitable clients gave $1.7 billion in grants from their funds in the first half of 2020, up 46 percent from the same period last year, while donor-advised funds managed by Vanguard Charitable disbursed $815 million, a 37 percent rise. About 10 percent, or $79 million, of the Vanguard donations were directly related to the pandemic. Fidelity Charitable DAFs gave more than $3.8 billion. In the first quarter, its DAF donations were up 16 percent year on year. (Bloomberg)
Some major New York City arts institutions are making further staffing cuts as federal aid runs out and it looks increasingly like the coronavirus shutdown may stretch into next year. Carnegie Hall furloughed 51 full-time employees and cut pay for its remaining workers, bringing the total number of furloughs or layoffs to 131. It has made other spending cuts and pushed back reopening plans until at least January 7. The New York Philharmonic recently eliminated 22 jobs and furloughed 22 other employees. It also cut pay for its 98 orchestra musicians. Both organizations received federal pandemic-bailout loans. Carnegie Hall used its $5.5 million to pay about 270 employees through June, and the philharmonic used its $6.8 million loan to pay 250 workers during roughly the same time. The Metropolitan Opera has furloughed employees and the Lincoln Center has furloughed or laid off about 190 employees, or about half of its staff. (Bloomberg)
News About Racial Justice
Robert Smith on How to Turn Collective Outrage Into Action (Opinion: Washington Post)
Minn. Foundations Unite to Push for Racial Justice (Star Tribune)
Former San Francisco Museum of Modern Art Staffers Demand “Radical Re-examination” of Board of Trustees (Hyperallergic)
About the Pandemic
Johnson & Johnson in Talks With Japan and the Gates Foundation to Lock In Deals on COVID-19 Vaccine (Reuters)
The Rich Must Step Up Right Now, Say These Silicon Valley Philanthropists (KQED)
Coronavirus Has Emptied Office Buildings. Could They Help Solve America’s Housing Crisis? (Fast Company)
More News
David Kaiser, Rockefeller Heir Who Fought Exxon Mobil (Obituary: New York Times)
Salt Lake Tribune Finding Is Success as a Nonprofit (World Association of Newspapers and News Publishers)
How Artists Are Trying to Solve the World’s Problems (New York Times)
What Everyone Else Is Reading
Foundations Nationwide Commit Nearly Half a Billion Dollars to Racial Justice
Surging protests and calls to action from the Movement for Black Lives and other groups have resulted in a geyser of support from philanthropy to Black-led social-justice groups. (PREMIUM)
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How to Tackle Race at Your Organization
Nonprofit CEO Rahsaan Harris offers advice about how to talk about race in your organization — and act on those discussions
Don’t Destroy Foundations’ Ability to Respond to the World’s Next Crisis (Opinion)
Patriotic Millionaires, a group of wealthy Americans, wants Congress to increase giving rates to 10 percent of assets for the next three years. But there’s nothing patriotic about limiting the flexibility of foundations, writes a top official of the Philanthropy Roundtable.
How to Ask for Money During a Crisis
5 ways to survive these challenging times, attract gifts, and strengthen your nonprofit.
What Big Philanthropy Can Learn From the Citizen Networks Helping Us Survive Today’s Crises (Opinion)
Neighbors have informally created mutual-aid efforts that provide hand sanitizers, masks, bail for protesters, and other necessities. The democratic approach to giving aid is a model for how philanthropy can make a bigger difference, say a researcher and a professor at Stanford University.
Solutions Journalism Network
Learning About Covid
The following articles were provided by the Solutions Journalism Network, a nonprofit that seeks to spread the practice of reporting on responses to social problems, including the Covid-19 crisis.
A course on the coronavirus builds community for new students (Hechinger Report)
Keeping safe while serving, church groups tackle pandemic and protests (Religion News Service)
DIY relief effort delivers for Wind River (WyoFile)
Tired of Tiresome Online Sessions? Share Your Views in a New Survey
If you’ve ever been stuck in an online briefing and thought there has to be a better way, this survey is your chance to help design that better way. Take 10 to 15 minutes to share your experiences with web meetings, webinars, and webcasts and help identify the elements of engaging, productive, and worthwhile sessions — and which techniques and tactics to avoid. Survey results will be analyzed by the Goodman Center, which is spearheading the effort, and will be shared in a free report to all participants who request a copy. Whether you return to your workplace next week, next month, or next year, web-based meetings are going to remain a significant part of work life. Take the survey, and help make those future virtual meetings, the best they can be.
How to Shape Your Strategy at Year’s End
Join Our Webinar — Will donor fatigue set in before this year’s giving season? What kinds of messages will be appropriate, and how can you capture attention, especially if the economy and the nation are still reeling from the pandemic? Join us for a strategy session that will offer advice on how to plan for what promises to be one of the most complicated fundraising seasons in decades. You'll learn from a veteran fundraiser who has worked at nonprofits big and small and now oversees a team that raises more than $12 million a year through annual giving, major gifts, special events and planned giving. Plus, you'll gain insights from a veteran fundraising consultant who also served as executive director of three nonprofits about how to adapt your strategy and fundraise during a crisis.
Join us on Thursday, August 6, at 2 p.m. Eastern and get a special 40% discount off the regular rate.
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