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Biden signals equity focus with new AmeriCorps leader choice
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Biden signals equity focus with new AmeriCorps leader choice
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Subject: Surprising Pandemic News; Legislation to Speed Up Giving; Crypto Giving Made Easy
Valerie Macon, AFP, Getty Images
Good morning.
This week brings very good news about the pandemic’s impact: The collapse of tens of thousands of nonprofits that experts forecast didn’t materialize, all signs suggest. It turns out that the mix of federal aid and strong foundation spending helped organizations avert the worst-case scenario.
Interviews the
Chronicle conducted with nonprofit leaders nationwide found that many organizations faced financial squeezes that forced them to cut back services, lay off workers, and make other changes that harmed their ability to do their work, but very few nonprofits appear to have completely shut down.
Senators push measure to accelerate DAF, foundation giving
Dan Parks, The Chronicle Of Philanthropy
Associated Press
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FILE - In this Tuesday, June 8, 2021 file photo, Sen. Chuck Grassley, R-Iowa, listens during a Senate Finance Committee hearing on the IRS budget request on Capitol Hill in Washington. Grassley and Sen. Angus King, an independent from Maine who caucuses with the Democrats, introduced legislation Wednesday, June 9 designed to spur faster payouts from donor-advised funds and foundations, giving new momentum to an effort that has deeply divided philanthropy. (Tom Williams/Pool via AP, File) (2020 CQ-Roll Call, Inc.)
Two key U.S. senators introduced legislation Wednesday designed to spur faster payouts from donor-advised funds and foundations, giving new momentum to an effort that has deeply divided philanthropy.
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