Climate and Philanthropy; Donors of color and bias
Here’s what else you need to know:
Wealthy donors of color are so often discriminated against that it stifles their full participation in philanthropy.
According to a report based on interviews with 113 millionaires of color, assumptions by directors or fundraisers that they don’t belong in a boardroom or don’t have enough big houses or enough personal connections to organize a lucrative fundraising event can crush their spirit.
The report, written by Donors of Color Network and two consulting firms, found that almost all respondents had experienced racial or ethnic biasreports Emily Haynes.
The emotional toll of operating in a predominantly white environment has discouraged many wealthy people of color from pursuing philanthropic leadership roles, philanthropist Mona Sinha (above), chair of the board of Women Moving told Emily Million. “Along with a lot of people, I find that discrimination over the years has damaged self-esteem so much that it’s very difficult to claim that spot.”
Foundations could go a long way to solving the problem of homelessness – and making a profit from the business – by investing endowment money in housing.
With billions of government and philanthropic dollars spent on “entrenched and generally unimaginative strategies” to address the problem of homelessness, the problem has worsened in recent years, writes Daniel Heimpel, editor of the Giving List, in an opinion essay.
But programs in Los Angeles, New York and elsewhere show how funders can invest money their considerable endowments in the acquisition, construction and rehabilitation of apartments and dormitory-type units — and do it much more efficiently and quickly than local governments. This approach provides a steady stream of rental income to foundations, almost guaranteeing a nearly recession-proof return on investment.
“Lenders could have much more impact if they viewed each homeless person as an investment opportunity for those assets, which now total approximately $1 trillion nationally,” he wrote. “While it may seem unforgiving, making homelessness profitable may be our best bet to end it.”
In-person conferences and fundraising events have made a comeback, and everyone wants to network.
After a two-year hiatus, the Association of Fundraising Professionals The annual live conference returns in May to the MGM Grand hotel in Las Vegas, reports Dan Parks. Fundraising day in New York is also returning to an in-person event this year, in June at the Marriott Marquis Times Square.
What changed the the plus as conferences return is that long talks and workshops are on the way out.
People are so excited to see each other and network that they don’t have the patience to sit down and listen, Reggie Rivers, president of the Denver-based gala team, told Dan.
Live events began to resume a few months ago. “We’ve done about 10 events already,” Rivers notes. “It’s about as normal as you can imagine. It shocks me.
Alison Fine and Beth Kanter, authors of the just-released book The Smart Nonprofit: Staying Human-Centered in an Automated World – join us for a free discussion that will provide you with many ideas to implement today. Plus, you’ll have the chance to win a free copy of the book. Register now so you can be part of the conversation at 2 p.m. EST.
Many of you probably know Alison and Beth from their contributions to our pages, and the best part is that they know the challenges of nonprofit work from their own experiences. So you can count on them to stretch your mind and be practical at the same time.
We hope you have a chance to relax this weekend and look forward to seeing you online on Wednesday.
—Marilyn Dickey and Stacy Palmer
PS subscribers to the the Chronicle have access to all the articles we mention in this newsletter and much more. If you are not yet a subscriber, we have a special offer available just for you. It expires March 15, so sign up now and you’ll have unlimited access to the information, tips, news, and trends you need to do your job better and stay connected with your peers in the nonprofit world.