Craigslist founder leads funding round for news site | Craigslist founder leads funding round for news site | North Texas Giving Day raises $48M in 18 hours
September 24, 2018
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Craigslist founder leads funding round for news site
Newmark (Jemal Countess/Getty Images)
Craigslist founder leads funding round for news site
The Markup, a nonprofit investigative news site, has received $20 million from Craig Newmark, founder of Craigslist. Other support came from the Ford Foundation, the John D. and Catherine T. MacArthur Foundation and the John S. and James L. Knight Foundation.
TechCrunch (9/23) 
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North Texas Giving Day raises $48M in 18 hours
The Communities Foundation of Texas' North Texas Giving Day raised $48 million during an 18-hour online fundraiser last week, a 20% increase from the $39 million raised in 2017. Supporters also pledged 430,000 hours of volunteer time.
The Dallas Morning News (tiered subscription model) (9/21) 
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Colo. nonprofit puts new spin on ending homelessness
Community Compassion Outreach has proposed building a 10- to 15-unit village in Durango, Colo., that would provide some of the city's homeless population with permanent housing instead of transitional options. "What we know is, when people are living in suspense, there is not a whole lot of progress happening in their life," says board President Jon Alsdorf.
The Durango Herald (Colo.) (9/22) 
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Analysis: Overhead ratio is a poor indicator of efficiency
Overhead ratio shouldn't be used to measure nonprofit efficiency because it doesn't track how an organization uses its resources or what's being done with non-overhead spending, according to researchers at North Carolina State University. The report analyzing 666 Habitat for Humanity chapters nationwide also found that relying on overhead ratio to judge efficiency can mislead donors.
Nonprofit Quarterly (9/21) 
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Boards in Action
Neb. nonprofit earmarks $1.5M for low-income families
The Community Health Endowment will invest more than $1.5 million in two initiatives geared toward low-income residents of Lincoln, Neb. The funds will be used to establish a kitchen and meal distribution service for youths served by the organization and to build a new family wellness center in the community.
Lincoln Journal Star (Neb.) (tiered subscription model) (9/19) 
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Strategic Leadership
Leadership lessons from 50 years of observation
Building relationships through frequent check-ins and real conversations is how effective leaders build teams without internal turmoil, writes Wally Bock about what he's learned in the half-century of experience in business. "Your conversations and relationships give you early warning when there's a problem," he writes.
Three Star Leadership (9/20) 
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Sector Analysis and Impact
Impact investing is growing, but more funds are needed
The market for impact investing doubled to $228 billion from mid-2017 to mid-2018, but is still a long way off from the $5 trillion to $7 trillion needed for the UN's Sustainable Development Goals, according to the Global Impact Investing Network. "If we are going to have the impact that the world needs on issues like inequality and climate change, we also have to think about how we continue to grow this market and accelerate progress," says co-founder and CEO Amit Bouri.
Fast Company online (9/21) 
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Survey: How do youths view gender equity?
About 92% of youths ages 10 to 19 say they believe in gender equity, but about 54% say they prefer women taking on more traditional gender roles, according to a survey by the nonprofit Plan International USA. The survey reveals the effect that parents' views on gender equity have on their children.
Education Week (tiered subscription model) (9/21) 
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BoardSource News and Notes
Today's featured publication: CEO Succession Planning
Today's featured publication: CEO Succession Planning
Someday, your chief executive will leave your organization. Are you prepared? In Chief Executive Succession Planning, you will learn how to create a system that ensures that your organization always has an up-to-date succession strategy. Get your copy today.
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It's not too late to join us in Minneapolis!
Consultants, there are still spots available for our consultants-only training on Oct. 1. Sign up now to reserve your spot. Remember, if you've taken the Certificate of Nonprofit Board Consulting, we are also offering a two-day advanced course on Oct. 2-3. You can take a look at the draft agenda here.
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