NonprofitNewsFeed.com aggregates information from 100's of news sources and creates a quick summary of the most popular stories from the industry. This podcast features Whole Whale hosts that summarize and discuss the weekly nonprofit news.
Did DAFs Just Lose $38 billion? (news)
Market Volatility Has Potential To Impact DAFs & Crypto Philanthropy
Major philanthropy trends over the past several years have included the rise of crypto philanthropy and donor-advised funds, alternate forms of giving that may see the trickle-down impacts of the current bear market and overall market volatility. Donor-advised funds, or DAFs, have seen a surge in popularity over the past several years as market-tied vehicles for philanthropic giving with an estimated $160 billion according to NP Trust. While DAFs receive criticism for their sometimes conservative disbursement and lack of immediate impact, another potential flag is that they are affected by market volatility. This will potentially impact giving because of the percent based donation targets for these funds which hover around 20% according to NP Trust. With the S&P 500 down ~20% on the year, and having its worst week since the start of 2020, contributions within the past year to these funds may have decreased in value by as much as $38B. Bitcoin, a cryptocurrency that serves as another popular vehicle of charitable giving, is worth less than ⅓ of its peak value in November of last year, potentially diminishing enthusiasm for charitable donations among investors. The Giving Block, a major player in the crypto-donation space, offers DAF investment options that are susceptible to changes in the market landscape. This might be a rough year for overall donations from these sources, though it would be worse if this were happening in December…
Read more ➝
New Survey Ranks Most Trusted Nonprofits | NonProfit PRO Juneteenth in Galveston: Honoring State Rep. Al Edwards | khou.com How Houston Moved 25,000 People From the Streets Into Homes of Their Own | nytimes.com
[00:00:00] Today on the nonprofit news feed. We’re talking about what the market drop might mean to donations. Nick, how’s it going? It’s going good, George, how are you? I’m doing alright today. That’s good because we’re about to go into a kind of complicated, but really. Uh, timebound story, really relevant story. And that is that market volatility has the potential to impact DAFs and crypto philanthropy.
[00:00:30] So two major philanthropy trends that we’ve been following over the past couple years on this podcast have been the increase in contributions to DAFs, which are donor advised funds, as well as the increase in crypto philanthropy. Now DS have seen a surgeon popularity and their vehicles for Phil philanthropic giving with an estimated $160 billion in value, according to nonprofit trust and DAS received some criticism for, uh, you know, maybe lackluster rates of disbursement and.
[00:01:06] Lack of immediate impact something else that is a potential downside of, uh, putting your charitable giving into the markets essentially is that the S and P 500 is down 20% over the year, just had its worst week. And that.
Brookings Institution President Resigns Amid FBI Probe (news)
Brookings Institution President Resigns Amid FBI Foreign Lobbying Probe
Brookings Institution President John Allen has resigned after national press outlets reported he was under FBI investigation for undisclosed lobbying efforts on behalf of the government of Qatar. While Allen denies any wrongdoing, he was revealed in court filings to be the target of an FBI probe into violations of FARA (Foreign Agent Registration Act), which requires the registration of anyone conducting lobbying activities on behalf of foreign governments. Court documents also show he lied to federal investigators and attempted to withhold evidence saught by a federal subpoena. Allen, a retired four star U.S. Marine Corps general and former commander of NATO and U.S. troops in Afghanistan, publically resigned on Sunday after being placed on administrative leave. This comes amid increasing scrutiny of foreign influence in D.C.-based think tanks, and represents law enforcement efforts to curb illegal lobbying especially by wealthy Gulf countries like Qatar. Most of these policy-based think tanks are registered 501(c)3’s and wield enormous influence in shaping federal public policy.
Senators reach a bipartisan deal on gun safety legislation : NPR NPR.org Apple Adds iOS Safety Check for People Facing Domestic Violence CNET Jennifer Lopez Partners With Microfinance Nonprofit To Give Latina Entrepreneurs $14 Billion Capital Boost | Forbes Coastal Bend nonprofit offers summer program for students with special needs | KIIITV.com The Kelsey Ayer Station Groundbreaking Community Celebration | The Kelsey
NonprofitNewsfeed.com Summary of hundreds of news sources.
Nonprofit Trust Drops 3% Survey Reveals (news)
Nonprofit news for June.
Independent Sector Releases Survey On Nonprofit Trust
Independent Sector has released its third annual survey on trust within the nonprofit and civil society sector. The findings show that nonprofits still benefit from strong public trust (56% of respondents say they trust nonprofits), making NPOs among the few social institutions that the majority of the public trust, along with small businesses and community members. However, the sector saw a statistically significant decrease of 3% in trust compared to 2020. The survey also found that education and financial wellbeing drive nonprofit trust, that purpose-driven integrity is essential, and that Gen Z is increasingly skeptical of the nonprofit sector. The survey fielded answers from 3,015 Americans and had a margin of error of +/- 2%.
Read more ➝
233 mass shootings have happened so far in 2022: nonprofit | The Hill Rising gas prices affect delivery operations for nonprofits | KSHB 41 Kansas City News Inflation impacts nonprofit’s ability to feed thousands of kids over the summer | CBS 46 News Small Nonprofits Shouldn’t Be Subjected to the Same Payroll Tax as Amazon and ExxonMobil | The Chronicle of Philanthropy Nonprofit helps formerly incarcerated firefighters get jobs | WesternSlopeNow
[00:00:00] George: This week on the nonprofit news feed for gosh, June 6th, June 6th, the week of June 6th, we were talking about some of the information coming out of the independent sector on a survey, a non-profit trust, as well as some other headlines related to themes that we’ve been covering Nick. How’s it going?
[00:00:18] Nick: It’s gone. Good, George.
[00:00:20] George: Doing all right. Just, I had a wedding last weekend of an in-law’s fun. Hadn’t been to a wedding for awhile. So good time to celebrate. Hopefully nobody got COVID.
[00:00:31] Nick: That’s good. TIS the site TIS the season for weddings.
[00:00:36] George: Yeah. weddings. weddings, and funerals. They go on, no matter what I’ll say that.
[00:00:41] Nick: That is true. But bring us back to the nonprofit news. We’ll start off with our first story, which comes from independent sector. Independent sector has released its third annual survey on trust within the non-profit and civil society sector. And the findings show that while nonprofits still benefit from strong.
[00:01:02] Trust where 56% of respondents say they still trust non-profits. This is actually a decrease of 3% in overall trust in nonprofits compared to 2020,
Gun Rights Advocacy Groups Fill Void Left By NRA (news)
In Wake Of Uvalde School Shooting, Gun Rights Advocacy Groups Fill Void Left By NRA
On May 24 a gunman opened fire at Robb Elementary School in Uvalde, Texas killing 19 students, two teachers, and wounding 17 others. The horrific shooting has rekindled the decades-long debate in the United States between gun control and gun rights advocates. Within economically developed countries, the United States by far outnumbers other countries in terms of both gun ownership and gun deaths per capita. Among gun rights advocacy groups, however, the infighting and reputationally-damaged NRA has provided an opportunity for other organizations (many tax-exempt) to fill the void, according to reporting from The Washington Post. The National Association for Gun Rights, a 501(c)4 group that often criticizes the NRA for being too compromising, saw revenue increase to $15 million, up from $6 million in 2019. Other gun rights groups have seen similar increases in revenue and capacity.
Read more ➝
Nonprofit Begins Tracking Anti-Asian Hate Crimes in the Midwest | NBC Chicago Nonprofits Fighting Gender Violence Have Struggled Since Losing Buffetts’ Funding. They Urgently Need More Support. | The Chronicle of Philanthropy Coloradans asked to take water conservation pledge | 9News.com KUSA Tax breaks aren’t prime reason for high-net-worth philanthropy, study finds | CNBC Nonprofit keeps taps Memorial Day tradition alive | Military | kdhnews.com | The Killeen Daily Herald
[00:00:00] George: This week on the nonprofit news feed we have got in the wake of the Uvalde, the school shooting information about how gun rights advocacy is actually increasing for some nonprofits and a number of other summary articles. Following coming after, uh, this Memorial day weekend, NEC.
[00:00:21] Nick: It’s going good, George. We have a lot to cover this week. Of course, the first story we’re going to talk about is. Uh, around what happened in your Uvalde and better conversations about gun rights and gun control advocacy groups. So last week on May 24th government opened fire the Robb elementary school in , Texas killing 19 students to teachers.
[00:00:46] And wounding 17 others. And this terrific shooting has rekindled a decades long debate in the United States between gun control and gun rights advocates. Uh, now within economically developed countries,
988 National Suicide Prevention Hotline Launches This Summer (news)
988 National Suicide Prevention Hotline To Soon Go Live
The U.S. Department of Health & Human Services is unveiling a new national emergency number for individuals experiencing a mental health crisis. The new 988 emergency number, akin to 911, will redirect to the National Suicide Prevention Lifeline, which is managed by the Substance Abuse & Mental Health Services Administration (SAMHSA). The number goes live on July 16, 2022. The new number is part of a broader strategy to address the crisis of suicide in the United States. Suicide is the leading cause of death for Americans aged 10-34. The SAMHSA 988 FAQ page has important information for mental health partners including nonprofits that may publicly direct folks seeking help to this new number. Read more about how states are preparing.
Read more ➝
Qatar: Joint letter to Gianni Infantino regarding remedy for labour abuses | Amnesty International ‘It’s gotten even worse’: Nonprofit’s baby formula supply decimated by recall, shortage | KOIN.com Vanguard Charitable Survey: More Than 1 in 3 Donors Contributed to Disaster Relief Efforts | NonProfit PRO Nonprofit opens ‘cat cafe’ to highlight adoptable felines in Las Vegas
[00:00:00] This week on the nonprofit news summary, we have got interesting news coming out about a new national suicide prevention hotline, 9, 8, 8, and some other summary news touching on Qatar, baby formula, and a lot more Nick.
[00:00:16] It’s going good, George. We had our first real summer weekend here in the city. It was 90 and sunny.
[00:00:23] So we’re in a, summer’s almost here kind of mood, but also coming this summer is a new hotline for folks experiencing a mental health emergency. The us department of health and human services is unveiling a new national emergency number for individuals experiencing a mental health crisis. The new number will be 9, 8, 8, and justice like 9 1 1.
[00:00:52] It’s just those three numbers. And that 9, 8, 8 number will redirect to the national suicide prevention lifeline. That lifeline is managed by the substance abuse and mental health services administration. And the new number it goes live on July 16th, 2022. So this is happening within the next two months.
[00:01:14] And the number is part of a broader strategy to address the crisis of suicide in the United States. According to the substance abuse and mental health services administration suicide is the leading cause of death for Americans, age 10 through 34. We recommend that if you’re a non. That works in the mental health space or offer.
[00:01:34] Beneficiaries, any kind of mental health support, or even has documentation about what number to call. It’s important to note that the original national suicide prevention lifeline number will still work,
High inflation hits food banks hard (news)
High Inflation Continues To Impact Sector, Including Food Banks
As inflationary pressures keep year-over-year price increases high, food banks see both an increase in demand and a shortage of supply. Food pantries across the country are dealing both with an increase in demand due to broader consumer-facing prices, as well as a harder time keeping up with supply because of the same price increases. The Chronicle of Philanthropy reports that “Some of Feeding America’s food pantry partners have closed because of dwindling donations and higher costs for receiving and delivering food. Others have less food on their shelves even though they have higher demand.” The article goes on to highlight the vital importance that food banks serve and that folks who need the assistance they provide might be more diverse than the broader public realizes.
Read more ➝
Nonprofits on Both Sides of Abortion Issue See Increase in Donations | The Chronicle of Philanthropy Independent Sector Issues Statement on Mass Shooting in Buffalo The Guggenheim Museum, Which Long Resisted Calls to Drop the Sackler Name, Has Finally Quietly Removed It | Artnet News HFPA Considers Selling Assets, Dropping Nonprofit Status | Yahoo Entertainment Oregon nonprofit that turns trash into art lands permanent display at the Smithsonian | KGW.com
[00:00:00] This week on the nonprofit newsfeed, we’re talking about high inflation and how it’s having impacts on food banks, as well as a bevy of other social impact issues. Nick, how is.
[00:00:12] It’s going good, George.
[00:00:13] it’s just trying to, always just trying to keep up last week was a little weird from the financial side. I’m glad we’re not a financial podcast, but a few things went sideways and you know, I think that comes back to the larger issue of inflation going on.
[00:00:27] That is. Great segue into our first story that is talking about some of those broader trends, economic trends that you were talking about. Namely inflation and our lead story comes from the Chronicle philanthropy, which is supporting that hi Felician is continuing to impact many nonprofits, but food banks in particular.
[00:00:50] And it turns out that many food banks across the United States are being. From both directions, essentially, you have more people needing food assistance because of higher food prices and food banks, having trouble keeping up with that higher demand because of higher food and supply chain issues. So.
A must listen
This podcast is a must listen for anyone working in the nonprofit sector- but anyone even interested in nonprofits would benefit and feel engaged! The thoughtful commentary of nonprofit news and trends keeps me up to date while giving me a birds eye view of what’s going on in bite sized pieces.
Awesome nonprofit news in less than 20 minutes
Really appreciate these quick, to-the-point updates on the nonprofit sector without having to parse through tons of articles, that I can listen to while making my morning coffee and pretending I still have a commute to work.
Great for Professionals
Great rundown from George and the Whole Whale team about industry news. Not a lot of outlets for this kind of nonprofit-industry news but this one fits the bill.