Can stable funding solve the US journalism crisis? | Foundations look to raise $20M for low-income workers | Gates Foundation expands coronavirus spending to $250M
April 17, 2020
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Can stable funding solve the US journalism crisis?
(Pixabay)
The American Journalism Project debuted in 2019 and has since raised $46 million to transform journalism in the US by providing local newsrooms with stable, diverse forms of funding. "We imagine there's going to be lots of innovation in building revenue, and we're looking forward to supporting that," says Sarabeth Berman, who will assume the role of CEO in May.
Full Story: The Chronicle of Philanthropy (free registration) (4/16) 
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The Ford Foundation, W.K. Kellogg Foundation, Open Society Foundations and several other organizations have launched the Families and Workers Fund with a goal of raising $20 million for low-income workers. "The inspiration behind the fund is that there is no vehicle yet to bring together various philanthropic organizations and high-net-worth individuals to help millions of workers in the front line," says Ford Foundation's Sarita Gupta.
Full Story: Barron's (free content) (4/15) 
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The Bill & Melinda Gates Foundation is directing an additional $150 million to finding treatments and uplifting organizations dealing with the coronavirus, bringing its total investment in the area to $250 million. "From day one, the foundation has embraced a data-led, evidence-based approach to improving health, reducing poverty, and expanding opportunity," CEO Mark Suzman wrote in a blog post.
Full Story: Fox News (4/16) 
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Boards in Action
Meds & Food for Kids in St. Louis has begun the search for a new CEO to succeed founder and CEO Patricia Wolff when she steps down later this year. Wolff has been working on a succession plan with the board and delegating tasks in anticipation of the shift for several years, she wrote in a newsletter.
Full Story: The Business Journals (tiered subscription model)/St. Louis (4/16) 
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Strategic Leadership
Caring for an orchid from his wife taught Tanveer Naseer that overcoming the "internal narrative about what we can and cannot do" is a common problem for leaders, especially when we feel the challenge wasn't our choice. The pandemic is a larger example of how we can choose to adapt and grow despite feeling constrained and pressured by outside forces, he writes.
Full Story: Tanveer Naseer (4/14) 
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Sector Analysis and Impact
CASA for Kids in Pennsylvania was forced to cancel a major fundraising gala it holds every April in honor of National Child Abuse Prevention Month, but it's encouraging supporters to participate in a virtual 5K run/walk instead. School closures have made it difficult for service providers to meet with children and are exacerbating the issues many youths face at home, says Executive Director Carrie Richardson.
Full Story: The Almanac (McMurray, Pa.) (4/15) 
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Nonprofit Leaders in the News
"Saturday Night Live" comedian Michael Che is covering the rent of 160 families in New York City for one month in honor of his grandmother, who died from the coronavirus this month. Che also urged Gov. Andrew Cuomo, Mayor Bill De Blasio and other leaders to help solve the financial burden faced by families in public housing via Instagram.
Full Story: CNN (4/16) 
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BoardSource News and Notes
Responding to COVID-19: Fundraising (on Facebook Live)
Join us on Facebook Live on Monday, April 20 at 4:00 pm. for another installment of Responding to COVID-19, this time tackling the topic of fundraising. We will be joined by international fundraising expert Nigel Harris, CEO of the Mater Foundation in Brisbane Australia, as we take your questions and discuss how the board, development team and CEO can create new ways to work together and set strategy during these unprecedented times. Fundraising is a topic we have received a lot of questions about, so be sure to bring yours! Learn more.
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Virtual board meetings can be an asset for nonprofit boards, but only with careful attention to key considerations. From technological to cultural adjustments, this book helps board members and nonprofit staff effectively utilize virtual meetings. During this time, we are offering this publication as a free, immediate download.
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