Charities Losing Out on $16 Billion in Gifts After Tax Law Change

Plus, congressional scrutiny of foreign donors is a good thing (opinion); and Bloomberg Philanthropies and the Gates Foundation are partnering on a $190 million effort to collect data on health ADVERTISEMENT [Philanthropy Today Logo]( You can also [read this newsletter on the web](. Or, if you no longer want to receive this newsletter, [unsubscribe](. GIVING DATA [Donors Likely Giving $16 Billion Less Each Year After Tax Law Change, Report Finds]( By Rasheeda Childress [STORY IMAGE]( The cost of giving rose for people who no longer itemize deductions on their taxes. OPINION [Congressional Scrutiny of Foreign Donors Is a Good Thing for All Nonprofits]( By Craig Kennedy [STORY IMAGE]( Recent legislation meant to promote transparency in giving by foreign philanthropists will boost the charitable world’s credibility. GRANTS ROUNDUP [Bloomberg Philanthropies, Gates Foundation Partner on $190 Million Data for Health Initiative]( By M.J. Prest [STORY IMAGE]( Also, Comcast has committed $35 million to help more people access the internet, and Amazon Frontlines is the winner of the Conrad N. Hilton Foundation’s 2024 Humanitarian Prize. WEBINARS [Tomorrow: August 15 at 2 p.m. ET | Register Now]( [STORY IMAGE]( Well-crafted budgets demonstrate sound fiscal management, show how spending aligns with mission and goals, and engender trust. Join us for CRAFTING PROPOSAL BUDGETS THAT INSTILL CONFIDENCE to learn from Jeanette Hall, director of finance and operations, Phoenixville Community Health Foundation and Lynne Weikart, Ph.D., retired professor, CUNY. SPONSOR CONTENT | Humana Foundation [Older Americans are Not Alright. What Should Philanthropy Do About It?]( Nonprofit News From Elsewhere Online Ford Foundation President Darren Walker, who recently announced that he would step down in late 2025, said his enthusiasm for the role had begun to flag and to stay “would have been coasting.” Since Walker took over the foundation in 2013, its assets have grown considerably and he has led a rapprochement with the Ford family, whose ancestor Edsel launched the foundation. Walker said he has tried to use the foundation to help America live up to its potential, and he remains an unapologetic champion of diversity as a driver of excellence. ([Fortune]( - Background from the Chronicle: [How Ford’s Darren Walker Reimagined Philanthropy and Foundation Leadership]( Executive Pay - A San Diego Foster Care Charity Is Funneling Millions Into a Foundation to Pay Its CEO ([Voice of San Diego]( - Suffolk County, N.Y., Lawmakers Seek to Deny Funds to Nonprofits With Hefty Exec Pay ([Newsday]( — subscription) Big Gifts - Bezos Family Foundation Invests $185 Million in Center for Rising Generations ([Diverse]( - Catawba College Receives $200 Million Gift ([WFAE]( People in Philanthropy - She Inspires Arts and Tech in Miami. Now, a Big Change for a Knight Foundation Leader ([Miami Herald]( - Muhammad Yunus, Bangladesh’s ‘Village Banker,’ Faces Toughest Challenge Yet: Running His Country ([Wall Street Journal]( — subscription) - Susan Wojcicki, Jewish Philanthropist and Former YouTube CEO, Dies at 56 ([Jewish News of Northern California]( 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. SUBSCRIBE TO THE CHRONICLE [Chronicle of Philanthropy Subscription] Enjoying the newsletter? [Subscribe today]( for unlimited access to nonprofit news and analysis. EDITOR'S PICKS PHILANTHROPISTS [MacKenzie Scott and Melinda French Gates Are Both Disrupting Philanthropy — but Not Always in the Same Way]( By Jim Rendon [STORY IMAGE]( The most talked about women in philanthropy don’t always take the same tack, but they have some core approaches in common. RACIAL JUSTICE [Grant Makers, Here’s How to Support Nonprofits Led by People of Color]( By Aisha Benson [STORY IMAGE]( Leaders of nonprofits serving people of color are facing urgent needs and less support. Here are 5 ways foundations can take action to preserve progress and speed racial justice. INNOVATION [‘We Can Save Our City': The $100 Million Plan to Revive East Oakland]( By Sara Herschander [STORY IMAGE]( With Rise East, longtime residents aim to write a new chapter for East Oakland, starting with $100 million. ADVERTISEMENT RECOMMENDED WEBINAR [Join our webinar]( —Sound budgets demonstrate to grant makers your nonprofit’s financial health, show how your spending aligns with your mission and goals, and instill trust. Yet some grant seekers focus on perfecting the narrative elements of proposals while overlooking errors, gaps, and other problems in their budgets. This is an expensive mistake: Weak budgets can break a strong proposal — and cost your nonprofit a grant. How can you build proposal budgets that assure grant makers and improve your odds of securing support? Join us for a 75-minute webinar on Thursday, August 15 at 2 PM ET to learn from our expert guests. [Register now.]( JOB OPPORTUNITIES Find your next nonprofit role in The Chronicle Career Center: - [President & Chief Executive Officer]( — John Templeton Foundation - [Vice President, Development]( — International Refugee Assistance Project - [Vice President & Chief Development Officer, University Foundation]( — Shippensburg University Foundation [Search all job openings →]( Hiring? [Post a Job.]( [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