The Chronicle of Philanthropy

The Chronicle of Philanthropy is a newspaper that focuses on the nonprofit sector. Located in Washington, DC, it serves charity leaders, foundation executives, fundraisers, and others engaged in philanthropy. The publication releases 12 issues annually and refreshes its website on a daily basis. Established in 1988 by editor Phil Semas and managing editor Stacy Palmer, it is operated by The Chronicle of Higher Education Inc., which also produces The Chronicle of Higher Education, a weekly newspaper that reports on colleges and universities.

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English

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#194461

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Community and Society/Philanthropy

#69

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Articles

Tax Bill Takes Shot at the Largest Foundations and Universities

2 days ago | philanthropy.com | Ben Gose

The tax bill released by House Republicans on Monday calls for escalating taxes on investment income at the nation’s foundations and universities, which means the richest foundations and universities would pay by far the highest rates. The excise tax on endowment income at foundations would stay at 1.39 percent for foundations with $50 million in assets or less, but it would double — to 2.78 percent — for foundations with assets of $50 million to $250 million.
Nonprofits Are Turning to AI to Save Time and Money

2 days ago | philanthropy.com | Rasheeda Childress

Beth Zimmerman doesn’t have a lot of free time. She is one of three people on the staff of the small nonprofit she founded, Pets for Patriots. So, as executive director, she is also responsible for the group’s fundraising. In the past, Zimmerman would spend multiple days working on each grant the group applied for. “Grant writing is an extremely tedious, very time-consuming, very gut-wrenching activity,” Zimmerman says. Once, she spent nine hours over two days working on one grant.
Melinda French Gates Reflects on Legacy of Gates Foundation

2 days ago | philanthropy.com | Thalia Beaty

Melinda French Gates entered some of the most powerful circles while leading the foundation she co-founded with her ex-husband, Bill Gates. She petitioned heads of state and convened other billionaires. Along with Gates, she won the trust of one of America’s most admired investors, Warren Buffett, who has given more than $43 billion to the former couple’s foundation.
The Gates Foundation’s First 25 years: How It Changed Global Health and Philanthropy

3 days ago | philanthropy.com | Thalia Beaty

In its first 25 years, the Gates Foundation became one of the world’s largest charitable foundations and one of the most powerful institutions in global health — an accomplishment that carried both accolades and controversy. Bill Gates and Melinda French Gates had grand ambitions for their foundation, but little experience in global health or philanthropy.
In His Own Words: Bill Gates on Giving Away the Remainder of His Wealth

6 days ago | philanthropy.com | Thalia Beaty

Bill Gates is pledging 99% of his remaining fortune to the Gates Foundation, which will spend it all within 20 years. The funds will be delivered over time and will allow the foundation to spend another $200 billion by the time it closes in 2045. “There’s still a little bit more that goes to the kids and some portion that, you know, I won’t be wanting for anything for my consumption,” Gates said.
Stephen Heintz to End 25-Year Run Leading Rockefeller Brothers Fund

1 week ago | philanthropy.com | Drew Lindsay

Heintz, 73, who has led the $1.4 billion grant maker since 2001, positioned RBF as a significant player in efforts to fight climate change, establish peace abroad, and strengthen democracy in the United States. Notably, as the leader of a foundation established by the grandsons of oil magnate John D. Rockefeller, he helped to lead the effort to persuade nonprofits and philanthropy to dives from fossil fuels . A decade after RBF divested, its investment portfolio is 99.7 percent fossil-fuel free.
Meet the Man Who Wants to Tax Most of the Nonprofit World

1 week ago | philanthropy.com | Ben Gose

Soon after the launch of the Community Impact Coalition, which is fighting potential tax increases on nonprofits, the group posted a slick video on its website featuring charities meeting basic needs. The music starts upbeat and inspiring. “Nonprofit organizations are the heart of our communities. They feed the country, shelter the homeless, educate children, and support veterans and hard-working Americans.
AmeriCorps Cuts Threaten Service Programs and Their Unifying Power, Advocates Warn

1 week ago | philanthropy.com | Eden Stiffman

On the last day of April, around 250 people gathered at a Washington, D.C., hotel to honor members of Congress who have championed volunteerism and national service. Legislators on both sides of the aisle “passionately recommitted to supporting this work,” said AnnMaura Connolly, president of Voices for National Service, which lobbies to expand service programs and hosts the annual awards.
How Big Are Donor-Advised Fund Accounts? New Report Reassesses Data

1 week ago | philanthropy.com | Rasheeda Childress

Many donor-advised funds have more money sitting in them and dole out less money to charities than previous research says, according to a recent report published by the Institute for Policy Studies, a think tank that is critical of the lack of payout requirements for DAFs.“At large commercial DAFs, the average account sizes are huge,” says Chuck Collins, director of the charity reform initiative at IPS.
GoFundMe Expands Its Nonprofit Offerings - and Lets Groups See Who Is Raising Money for Them

1 week ago | philanthropy.com | Rasheeda Childress

For years, charities have admired the massive sums that individuals raise on the crowdfunding platform GoFundMe. Now they can see if it works for them, as the company moves fully into the nonprofit world with GoFundMePro.