The need for businesses to focus on corporate social responsibility has never been more urgent, and the case for doing so has never been stronger. The quadruple whammy of the COVID 19 pandemic, expanding income inequality, the racial justice movement, and climate change are driving corporations, large and small, across the U.S. and abroad, to…
Category: Businesses
Pandemic Puts Nonprofits in Peril: What Donors Can Do
The COVID-19 pandemic has had a crushing impact on the nonprofit sector that employs about 14% of the U.S. workforce, nearly half of which works for nonprofit hospitals and universities. The remaining half, working mostly for smaller and under- or un-endowed entities, has been severely impacted. In December 2020, the Johns Hopkins Center for Civil…
Potbellied Pig Rescue and Hate Groups: Charities Aiding the “Public Good?”
The charity “deal” in the U.S. goes something like this: Nonprofit organizations are established and approved because they perform a service that is thought to be good for society, often relieving government from performing those same functions. In return for their contribution to the “public good,” they are deemed tax-exempt organizations, which means they usually…
Philanthropy predictions for 2021
2020 is a year most of us are happy to leave behind. Amid the many disheartening challenges we endured, there were also some positive developments in the philanthropy field that will impact giving in 2021 and beyond. Here’s some of what I’ll be looking for in this New Year: From charity to justice 2020’s racial…
Don’t Stand by this Holiday Season
We’re living (and dying) in a “quadfecta” of 1) A raging, unprecedented pandemic, 2) Economic inequality and hardship at the highest levels in memory, 3) Racial injustice permeating almost every aspect of American life and 4) Climate change eating away at our planet, and the lives it sustains. Although we’re all experiencing the same storm,…
Erasing hunger in America requires more than charity
The holidays are around the corner and, for tens of millions of our neighbors across the U.S., this will be a time of scarcity, insecurity, worry and, in the richest nation on earth, hunger. Consider these facts: Prior to COVID-19, 37 million people in the U.S. struggled with hunger. Feeding America, the nation’s third largest…
How donors can advance racial justice
George Floyd…Breonna Taylor…Daniel Prude…Jacob Blake. The long road to racial justice in this country has been rocky and painful. It started long before these four people became household names and will, tragically, go well beyond their injuries and deaths. In response to these tragedies, many donors – whether in private or public foundations, donor-advised funds,…
Communities and nonprofits need corporate giving now more than ever
Just one year ago, in 2019, U.S. corporate philanthropy increased by 13.4% over 2018 to $21.09 billion. However, those donations represented a mere 5% of the nearly $450 billion in total U.S. giving. Today, the world has changed and we are experiencing the triple whammy of the uncontrolled coronavirus, the long-overdue expansion of the racial…
Lack of accountability and transparency put philanthropy at an inflection point
Right now, the very way philanthropy works in the U.S. is being critically examined by a growing chorus of experts and scholars who are challenging some of the basic assumptions that underlie giving. The tax code, lack of accountability and transparency, scant government oversight, the outsized opportunity to influence public policy, media adulation of megadonors…
Philanthropy can spark hope and change
Discouragement, despair and anger are understandable and common responses to the current experiences of systemic racial injustice and bigotry, an advancing global pandemic and an economic train wreck. Philanthropy, however, can offer a path forward. Philanthropy is inherently optimistic, reflecting the core belief that we can repair the world and have a positive impact on…