215: Are billionaire gifts really gifts, and how nonprofits may be the future of news.

CEO Calls Billionaire Philanthropy A ‘PR Scam.’

Dan Price, founder and CEO of credit-card payment company Gravity Payments, says that billionaire philanthropists who donate lots of money in return for glowing reviews and good press is “one of capitalism’s biggest PR scams.” In Washington state, billionaires pay 3% of their income on taxes while the poor pay 18%, says Price. In response to a proposed wealth tax, Price adds that “the amount [billionaires] donate is a fraction of what they would pay if their tax rates were in line with the working class.”
Read more ➝

 Newsrooms Around The Country Are Turning To A Nonprofit Model

News organizations across the country are embracing a nonprofit model at an increasing rate, according to the Institute for Nonprofit News, a consortium of nonprofit journalism organizations. The organization had a record 28% in membership growth last year. While the IRS is reportedly hesitant to categorize news organizations as commercial entities, “we have to subsidize reporting if we want democracy to survive,” according to Elizabeth Green, the CEO and co-founder of the non-profit local news company Chalkbeat.Read more ➝ 
✅ The Summary…
A Burgeoning Food Justice Movement Rises in Black America
Stimulus Bill Would Make Some Large Nonprofits Eligible for Forgivable Loans
Report: Pandemic’s impact on nonprofits not as bad as projected
Prince Harry & Meghan Markle‘s nonprofit website gets a MAJOR makeover after duo ditches royal roles forever
Nonprofit newsroom dissolves over allegations directed at founder 
🙋‍♀️ Opinions & Resources
Nonprofits Survived 2020 — What’s Next?How to accept Bitcoin and other crypto donations
White development colleagues, we need to talk about fundraiser fragility
7 Community Outreach Ideas for Nonprofits in 2021
How to Download High-Quality Photos from Instagram
😍 Feel-good stories from the Sector…
College-dropout-turned-UPS-executive Calvin Tyler Jr donates $20 million to Morgan State University
Pittsburgh nonprofit rescuing puppies from Texas after devastating storms
Nonprofit takes 94-year-old WWII veteran on a flight around Mesa in WWII-era plane
Cancer survivor named to SpaceX flight promoting St. Jude hospital – Spaceflight Now

👋  Considering subscribing for weekly updates