Endowment Giving by Foundations Is Rare, Study Finds

Plus, why racial justice groups need endowments (opinion); and how migrant clubs help people in the U.S. and back home ADVERTISEMENT [Philanthropy Today Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. GRANT MAKING [More Than Two-Thirds of Foundations Don’t Make Endowment Grants]( By Alex Daniels [STORY IMAGE]( Endowments are a key tool for nonprofit longevity, but few foundations provide funding for this form of sustainability. ADVERTISEMENT OPINION [Endowments Can Power Racial Justice Groups — if Only Philanthropy Would Fund Them]( By Cora Daniels [STORY IMAGE]( Giving to endowments helps groups led by people of color build long-term financial stability. But two new studies show the practice is rare. IMMIGRATION [How Migrant Clubs Help People in the U.S. and in Immigrants’ Homelands]( By Susan Appe [STORY IMAGE]( Also known as hometown associations, they raise money by holding member breakfasts, raffles, and other events to help students pay for college or to pave roads, install electricity, or deal with other needs. CHRONICLE NEWS [Chronicle of Philanthropy Names Andrew Simon as Top Editor]( [STORY IMAGE]( He has been director of leadership programming at Grist, a nonprofit news site focused on environmental news and commentary, and a senior editor at Kinsey & Company and at Fast Company. WEBINARS [April 18 at 2 p.m. ET | Register Now]( [STORY IMAGE]( Affluent donors continue to take advantage of donor-advised funds. To better understand the motivations and giving preferences of those who hold these accounts, join us for How DAF Donors Are Giving Away Their Money. We’ll share insights to help you better connect with donors who give this way, and you’ll learn how nonprofits are successfully attracting contributions through DAFs. SPONSOR CONTENT | The California Endowment [California Communities are at the Center of Health Transformation]( ONLINE FORUMS [April 23 at 2 p.m. ET | Register Now]( [STORY IMAGE]( Join the Chronicle and a panel of nonprofit experts for the free online forum Using A.I. to Streamline Nonprofit Operations. Our guest experts will share practical examples of the latest A.I. applications and advice on how to manage the rapid pace of A.I.-driven change. Don’t miss this chance to learn how harnessing smart tools can introduce efficiencies and help increase productivity at your organization. SUBSCRIBE TO THE CHRONICLE [Chronicle of Philanthropy Subscription] Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. Nonprofit News From Elsewhere Online A federal judge has dismissed a lawsuit filed by Elon Musk’s X social media platform against the Center for Countering Digital Hate over the nonprofit’s report on the rise of hate speech on X since Musk bought the website formerly known as Twitter. The judge deemed the litigation a transparent attempt to punish a critic. In a statement, X said it plans to appeal the ruling. ([Associated Press]( Since becoming mayor of Los Angeles in late 2022, Karen Bass has made it a priority to solve homelessness, corralling advocates, homeless people, businesses, homeowner groups, and officials in various levels of government to clean out encampments and ultimately move people into permanent housing. The efforts have shown unsteady progress, with the city’s lack of affordable housing still the biggest hurdle. ([New York Times]( Background from the Chronicle: [Can $100 Million Change San Francisco’s Response to Homelessness? One Grant Maker Tried. Here’s What Happened.]( More News - How an Aid Group Built a Jetty to Get Food Into Gaza ([New York Times]( - Plus: ‘This Is the Worst Humanitarian Crisis That I’ve Seen’: Boston Aid Workers Race to Help As Haiti Lurches Toward Anarchy ([Boston Globe]( - Once a Roadside Attraction, a Native Burial Site Nears Repatriation ([New York Times]( - In a Time of Rising Campus Antisemitism, USC Gives Its Highest Honor to Holocaust Survivors ([Los Angeles Times]( - New Group Plans to Pour Money Into Campaign Coffers of YIMBY Candidates ([New York Times]( - In Surprise Leadership Shakeup, Sundance Institute CEO Steps Down After 2.5 Years ([Los Angeles Times]( Big Gifts - Dartmouth’s Tuck Business School Receives Its Biggest Outright Gift Ever: $37.5 Million ([Poets & Quants]( - $10 Million Gift for New York City’s 59E59 Theaters Means Rent-Free Runs for Producing Companies ([AmericanTheatre]( 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 | Classy [The Return of a Community-Centered Fundraising Model in a Digital-First World]( Explore the shift from the traditional donor pyramid to the innovative donor vortex model, revolutionizing how nonprofits engage with their supporters. EDITOR'S PICKS TRENDS [A New Slate of Community Foundation Leaders Want to Leave a Mark]( By Alex Daniels [STORY IMAGE]( Dozens of community foundations have new presidents. The group is turning well-capitalized philanthropies into players in progressive policy battles across the country. GIFTS ROUNDUP [LaGuardia Community College Scores $116.2 Million From the Owners of the New York Mets]( By M.J. Prest [STORY IMAGE]( Also, Jeff Bezos and Lauren Sánchez have given two unrestricted gifts of $50 million each through their Courage and Civility Award, and two former professors at the University of Maryland at College Park have donated $27.2 million to its math department. EXECUTIVE LEADERSHIP [Health-Care Access Maverick to Lead California Endowment]( By Alex Daniels [STORY IMAGE]( The $4.7 billion foundation Friday named Brenda Solorzano, an early architect of trust-based philanthropy and a veteran of health-care grant making in the Golden State, as its next president. ADVERTISEMENT RECOMMENDED WEBINAR [Join our webinar]( — It’s an age-old problem: many nonprofit CEOs and senior leaders struggle to persuade board members to raise money — even though trustees care deeply about the nonprofits they serve. Experts cite a variety of reasons, including the need to define roles and responsibilities when recruiting board members. What does it take to create a vibrant culture of fundraising among board members? Join us on Thursday, May 9, at 2 p.m. Eastern to learn from our expert guests as they share proven ways to solve this perennial challenge. [Register now.]( JOB OPPORTUNITIES [Apply today](http://). [Director of Development, Museum and Arts & Culture Industry]( Museum of Chinese in America [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