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☆ Jack Dorsey gave $10 million to an anonymous founder with a deep devotion to a fascist 'guru'
▼ + stars: | 2024-06-06 | by ( Katherine Long | ) www.businessinsider.com time to read: +6 min

"It's a truly open protocol. Advertisement"We don't know who the leader is, it's like this anonymous Brazilian," Dorsey said. It's not clear how much of the $10 million Dorsey gave to support the development of Nostr will make its way to Parra. Parra, as Fiatjaf, sits on a committee established by the organization to organize Nostr development efforts, Bitcoin Magazine reported. After an X user suggested to Dorsey that he help fund Nostr, Dorsey replied within 24 hours, "funding deployed to @fiatjaf."

Persons: —, Jack Dorsey, Dorsey, Nostr, Edward Snowden, Giovanni Torres Parra, Olavo de Carvalho, de Carvalho —, Parra, Olavo, Jair Bolsonaro's, Fiatjaf, It's, . Parra, Forbes Organizations: Service, Business, Pepsi, Forbes, Sats Initiative, Bitcoin Magazine, Austrian Locations: Brazilian, Virginia, Brazil, Dorsey

Fidelity Charitable said distributions to nonprofits in 2023 were four times what they were 10 years ago. “I think 2023 was a pretty amazing year,” Fidelity Charitable President Jacob Pruitt told The Associated Press. According to Fidelity Charitable, donors attached their names or the name of their DAF to 96% of the grants made in 2023. Fidelity Charitable said nearly 80% of grants in 2023 went to nonprofits donors had previously supported. “It’s a struggle to figure out how to get your message out there.”Another growth area for Fidelity Charitable DAFs in 2023 was with corporations.

Persons: Jacob Pruitt, DAFs, ” Pruitt, Jude Children’s, Pruitt, ”, Andrew Grumet, Holland & Knight, It’s Organizations: — Fidelity, Fidelity, Associated Press, DAF, Internal Revenue Service, IRS, Fidelity Charitable, USA, Jude Children’s Research, Holland &, Fidelity Charitable DAF, Associated, Lilly Endowment Inc, AP Locations: millennials

Others are calling for larger foundations to help grantees if they are sued or are offering legal assistance themselves. The Council on Foundations, which supports philanthropic foundations and provides legal resources to its members to help them consider potential legal risks, submitted an amicus brief in the case supporting the Fearless Fund's First Amendment argument. “If you’re committed to DEI or race-conscious or race-based giving, you should not back down on your priorities. We’re funding homelessness or employment or the wealth gap,” she said as examples of changes in wording funders have made. The Black Freedom Fund, which was founded in 2021 to fund Black community organizations in California, has started a legal defense fund for its grantees for precisely that reason.

Persons: aren't, Fearless, Edward Blum, Blum, —, Searle, Sarah Scaife, Kathleen Enright, you’re, ”, John Palfrey, John D, Catherine T, Claudine Gay, Christopher Rufo, Bill Ackman, Gay, MacArthur, “, Mae Hong, Carmen Rojas, Marguerite Casey, Rojas, can’t, ” Rojas, Marc Philpart, ” Philpart, Hong, they’re, ” Hong Organizations: —, American Alliance for Equal Rights, Fair, Searle Freedom Trust, Sarah Scaife Foundation, Fidelity Investments, Donors Trust, National Philanthropic Trust, Foundations, MacArthur Foundation, Harvard University, Manhattan Institute, Harvard, Rockefeller Philanthropy Advisors, Blacks, Marguerite Casey Foundation, Freedom Fund, “, Lilly Endowment Inc, AP Locations: Black, California

The Ms. Foundation published research last week advocating for more financial support for women and gender nonconforming people of color leading nonprofits on the frontlines of social justices issues. “At this moment, when women and women’s bodies and gender nonconforming folks are being attacked on a daily basis, are they willing to move 10% to us?” Teresa Younger, Ms. Foundation’s president and CEO, said of other foundations. The Ms. Foundation found that many frontline organizations, like Power Rising, work across issue areas, often in tandem with other groups and in response to unfolding events. The organization advises foundations to build on trust-based giving, to support self-guided capacity building for these organizations, and to diminish grantmaking tied to specific issue areas. ___Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.

Persons: Alex Soros, George Soros, Trump, ” Alex Soros, Shawnda Chapman, ”, ” Teresa Younger, it’s, Laleh Ispahani, Ketanji Brown Jackson, Leah D, Daughtry, grantmaking, Ispahani, Mark Malloch, Brown Organizations: Open Society, Society, Ms, Foundation for Women, OSF, National Women's Law, Alliance for Youth, U.S, Supreme, Foundation, Associated, Lilly Endowment Inc, AP Locations: U.S

These interviews have been edited for length:HOUSTON — A longtime resident of Houston, Monica Fulton, 51, prioritizes giving to organizations serving the city’s residents. That changed in 2018 when she helped organize a group of donors who pool their funds to support small organizations serving women and girls on Chicago’s South Side. The giving circle makes relatively small grants to organizations that have budgets of less than $500,000, where those grants can make a big difference. During the height of the pandemic, they took an online training through the organization Philanthropy Together about how to run a giving circle. “They trust that the group is doing the vetting and that their money’s going to a good cause.

Persons: Monica Fulton, She’s, ”, Fulton, “, Alicia Bailey, Bailey, ” Bailey, she's, I’ve, Ruben Brooks, Brooks, Ezekiel Taylor, ” Brooks, it's, ___, — Lynne Garfinkel, Pam Lowy, ” Lowy, Garfinkel, GivingTuesday Organizations: Associated Press, Houston Food Bank, Fulton, ”, Chicago Foundation for Women, ATLANTA, American, Atlanta Beltline, Big Brothers, Sisters, America, of Georgia, Ezekiel Taylor Foundation, Lilly Endowment Inc, AP Locations: Houston, Panama, Chicagoland, Atlanta, ___ LAFAYETTE, Lafayette, Boulder , Colorado

NEW YORK (AP) — To appeal to a new generation of philanthropists, the Brooklyn Community Foundation is ditching the word “foundation” and establishing itself with a new name: Brooklyn Org. “The point isn’t lost on Rainey, who says that no matter what people call it, Brooklyn Org is still a foundation. But she said the new name reflects different practices the foundation has put in place that let residents steer the course of the institution. All of the foundation’s discretionary grantmaking, Rainey says, uses a participatory approach, where residents research and pick nonprofits to receive grants. The AP and the Chronicle receive support from the Lilly Endowment for coverage of philanthropy and nonprofits and are solely responsible for this content.

Persons: Jocelynne Rainey, grantmakers, ’ ”, ”, Edelman, Sruthi Sadhujan, Sadhujan, ” Sadhujan, isn’t, Rainey, Alex Daniels Organizations: Brooklyn Community Foundation, Brooklyn Org, Brooklyn Museum, Brooklyn Academy of Music, Independent Sector, Edelman Data, Intelligence, Ford Foundation, Associated Press, The, AP Locations: Brooklyn

[1/3] Brett Isaac, founder and co-CEO of Navajo Power, attends the first annual Tribal Energy Equity Summit in Saint Paul, Minnesota, U.S., May 22, 2023. Tribes cannot access key incentives for larger clean energy projects until they secure an agreement to connect to the regional electrical grid. That could jeopardize a "once in a lifetime opportunity,” according to Cheri Smith, president of the Alliance for Tribal Clean Energy, a nonprofit that is helping tribes develop clean energy. The Standing Rock Sioux have so far spent $3 million on technical studies and fees to remain in the queue, with no guarantee of approval. A NEW DAYThe Standing Rock Sioux tribe's development authority, called SAGE, proposed the 235MW wind farm three years ago.

Persons: Brett Isaac, Sarah Arnoff Yeoman, Cheri Smith, Smith, Joe McNeil, McNeil, Eileen Briggs, Greg Anderson, Alliance's Smith, Jeremiah Baumann ,, Willie Phillips, Alliance’s Smith, Celeste Miller, It’s, ”, Valerie Volcovici, Richard Valdmanis, Suzanne Goldenberg Organizations: Navajo Power, Tribal Energy Equity Summit, REUTERS, Alliance for Tribal Clean Energy, Reuters, National Renewable Energy Laboratory, Energy Information Administration, SAGE, Dakota, Interior Department, Southwest, Sierra Club Foundation, Wallace Global Fund, Bush Foundation, Moapa, Tesla, Federal Energy Regulatory Commission, Energy, Interior, Infrastructure, DOE, FERC, Thomson Locations: Navajo, Saint Paul , Minnesota, U.S, Sioux, North, South Dakota, United States, Phoenix, Bismarck , North Dakota, philanthropies, Paiute, Nevada, Las Vegas, St, Paul , Minnesota

☆ Mark Zuckerberg and Priscilla Chan's charity organization is making a major change in strategy after laying off 48 people. Read the leaked emails.
▼ + stars: | 2023-08-10 | by ( Kali Hays | ) www.businessinsider.com time to read: +9 min

The Chan Zuckerberg Initiative conducted layoffs this week, in a major blow to its education team. However, the cuts were entirely focused on employees in tech and grantmaking in CZI's education department, a core pillar of the organization's since its founding. As part of the changes, two leaders in CZI's education work are leaving their roles. While today's announcement most directly impacts our Education teammates, I know we are all affected regardless of where we sit in the organization. I am grateful for all of our Education teammates, past and present, whose contributions made our accomplishments to-date possible and carved our path forward.

Persons: Chan Zuckerberg, Priscilla Chan, Mark Zuckerberg, Zuckerberg, Chan, Brooke Stafford, CZI's, Dakarai Aarons, Sandra Liu Huang, Huang, CZI, Slack, Brizard, Brooke, Dakarai, Sandra, Priscilla Organizations: Chan Zuckerberg Initiative, Meta, CZI, Facebook, Education Policy Center, University of Colorado, Education, People Team Locations: Meta, Boulder

☆ Racial Disparities are worsening disaster recovery for people of color. With climate change, things could get worse
▼ + stars: | 2023-04-14 | by ( Lauren Lee | ) edition.cnn.com time to read: +13 min

Rolling Fork, Mississippi suffered massive damage from a powerful tornado on March 24. Racial disparities existed in Rolling Fork for decades. She started I-DIEM after spending over 14 years in disaster management. Shirley Stamps stands in the rubble of her home in the aftermath of the Rolling Fork tornado. And increasingly, non-profits are doing things differently to address racial disparities in disaster management.

☆ U.S. EPA unveils $550 mln in environmental justice grants
▼ + stars: | 2023-02-23 | by ( Valerie Volcovici | ) www.reuters.com time to read: +2 min

The money is part of $3 billion included for environmental justice block grants authorized by Congress in the Inflation Reduction Act, the Biden administration's signature legislation that will drive investment of nearly $369 billion in clean energy and climate priorities. The scale and the vision of this investment that Congress has given us will change these communities," Robin Morris Collin, senior advisor for environmental justice at the EPA, told Reuters in an interview. It will oversee deployment of the $3 billion in environmental justice grants. "We are stepping our processes up to expand what has traditionally not been a very welcoming environment for low income and disadvantaged communities to access financial resources," Collin told Reuters. The block grant program is one of several investments the IRA made focused on environmental and climate justice.

☆ As U.S. unemployment improved, it worsened for Latinos and Black women
▼ + stars: | 2023-01-13 | by ( Rikki Klaus | ) edition.cnn.com time to read: +3 min

Not everyone is celebrating, however: Jobless rates for Black women and Latino men still haven’t recovered fully from the pandemic. The unemployment rate for Black women aged 20 years and older rose to 5.5% in December, from 5.2% in November, according to the Bureau of Labor Statistics. For Latino men, unemployment rose 0.4 percentage points to 4% last month, higher than the 3.1% unemployment rate in February 2020. The Fed effectThe government’s current response to inflation may also be playing a role in rising unemployment for Latino men and Black women, Bahn said. In April 2020, the Hispanic unemployment rate shot up to 18.1% after hovering at around 4% pre-pandemic, BLS data shows.

☆ Google cofounders Larry Page and Sergey Brin gave $438 million to charities through their foundations last year. Here's where the tech gurus' huge donations went.
▼ + stars: | 2022-12-14 | by ( Rob Price | Hugh Langley | ) www.businessinsider.com time to read: +8 min

In 2021, Google's cofounders, Larry Page and Sergey Brin, collectively gave away nearly half a billion dollars from their philanthropic foundations. 2 moguls, 2 different approaches to charitiesBrin's personal foundation, the Sergey Brin Family Foundation, disbursed roughly $250 million in both 2020 and 2021. The Sergey Brin Family Foundation lists three key officers. Brin's and Page's philanthropic donations, while extensive, represent a fraction of their net worths. Brin donates directly to the Sergey Brin Family Foundation, while Page's contributions to the Carl Victor Page Memorial Foundation are routed through a limited-liability company named Florida LLC.

☆ Op-ed: High-net-worth investors can amplify their charitable impact with a 'recoverable grant'
▼ + stars: | 2022-11-04 | by ( Liz Sessler | Chief Operating Officer Capshift | ) www.cnbc.com time to read: +2 min

For advisors counseling clients like these, there is a smart tool they can use to support non-profit innovation. It's called a recoverable grant. watch nowSince recoverable grants are allocated through charitable entities, there are no specific tax implications of the structure and format. They are well suited for making "catalytic," or seed capital grants that allow nonprofits to stretch beyond the direct services these organizations provide day-to-day. Recoverable grants support getting innovative, novel solutions to entrenched problems off the ground, scaling up successful programs, or helping solve acute and temporary funding gaps.

Twitter, a social network with hundreds of millions of users, “was over a decade behind industry security standards,” he later testified. His concerns, raised privately at first and later in a whistleblower disclosure that became public, would upend one of the world’s most influential social networks and raise new questions about its pending acquisition by the world’s richest man, Elon Musk. A big part of the issue, Zatko told a Senate panel, was that software and e-commerce companies “want to ignore problems as long as possible. When he was hired to join Twitter, Zatko framed the move in terms of the public good. “This wasn’t my first choice,” he previously told CNN.

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