A raft of troubling economic developments stubborn inflation, a bear market for stocks, and sagging consumer confidence have clouded the environment for nonprofits.
Plus, the billionaire novelist MacKenzie Scott gave $10 million to help refugee children continue their education, Barnard College landed $55 million to prepare women for STEM careers, and three other nonprofits received large donations.
These donors’ giving is significant, but fundraisers need to keep in mind that many also provide financial assistance to family members and friends, say the report’s co-authors.
The University of Oregon alumna and her husband, owner of the Los Angeles Clippers basketball team and former Microsoft CEO, donated money to enable the institution to lead a response to a long simmering crisis.
The Tesla CEO has been quiet about the reported 5 million shares of company stock that he gave to charity, prompting critics to complain about the lack of transparency and to speculate about where exactly the money has gone.