Nearly 40% of nonprofits may be forced to close because of the pandemic

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Can the pandemic force us to rethink how we fund nonprofits? In late 2019, when Charity:Water CEO Scott Harrison met with donors to talk about the work that his nonprofit does to bring clean drinking water to developing countries, the donations flowed in. “The Dow was at a high, and everybody was feeling great about the world,” he said in a recent meeting of the Fast Company Impact Council , a collective of creative leaders. “That’s very different now. All of the conversations that I’m having with our corporate CEOs, our partners, and our major donors, are much more conservative and reserved. Read Full Story

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Charity Navigator is launching a new rating system to help better evaluate nonprofits

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In an effort to expand the range of nonprofits its evaluates—and give donors more data to help direct their giving—the charity rating organization is launching a new, more detailed measurement tool called Encompass. Since March, as the pandemic has shattered the economy and the protests forced an examination of racial justice, Charity Navigator has seen a 200% year-over-year increase in donations to nonprofits made on its site. Now, as interest in giving continues to grow, the largest charity evaluator wants to make it even easier for donors to know how effective a nonprofit—big or small—is, and for nonprofits to share information about their work. Read Full Story

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How wealth inequality is warping the world of philanthropy

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1.2 trillion estimated to be sitting in private foundations right now, during the pandemic, is not necessarily going to move to nonprofits. Charitable giving has been on the rise in recent years—in 2019, U.S. charities received a record $449.6 billion —and most of that philanthropy is coming in the form of big donations from a few wealthy donors. While that may seem like a good thing, especially as the top 1% keep getting richer , a new report shows how this “top heavy” giving exposes underlying issues with foundation requirements, our tax system, and who has the power to influence the world through philanthropy. Read Full Story

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How COVID-19 will permanently change hiring in Silicon Valley

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A startup CEO explains five ways the pandemic will force a cataclysmic shift in tech hiring. The COVID-19 crisis has caused overnight shifts in how Silicon Valley companies hire and work with employees. Overall, the tech community is realizing that talent is equally distributed, but opportunity is not—and hiring practices post-COVID-19 will be forced to catch up to this truth. As we consider how the pandemic will impact our lives, here are five ways hiring in Silicon Valley will change forever. Read Full Story

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Memo to Silicon Valley: Here’s what ‘blitzscaling’ looks like in the nonprofit world

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Stop asking us to follow in the footsteps of private sector unicorns. For us, impact at scale looks very different, write two nonprofit CEOs. Funders and stakeholders constantly exhort nonprofit leaders like us to “10x or 100x” our programs to serve more people. Look to Silicon Valley, they urge, for lessons on “blitzscaling” and driving “hockey stick” growth. How can you take a page, they ask us, from unicorns like Uber and Airbnb, to exponentially scale from startups to market leaders that redefined their markets? Read Full Story

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My startup made difficult layoffs. Here’s how I kept morale up and our culture intact

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The decision to cut staff to survive the first wave of the pandemic was the most difficult of my tenure—but it had to be done. As CEO and cofounder at a tech startup, I was confronted with how the pandemic would affect my own company and the people that make it work. And like so many other businesses, ours was not untouched. T he decision to lay off staff to survive the first wave of the pandemic was the most difficult of my tenure at StreamSets. It came just days after celebrating news of a hard-earned accolade—a prestigious best workplaces award. To win an award that celebrates our business for putting culture first and to closely follow that with a reduction in force was jarring, but in coming to terms with the sudden new reality, I realized that to preserve the trajectory of the business over a multiyear time horizon, …

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Spotify founder Daniel Ek expands his Brilliant Minds Foundation, adds new CEO

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Incoming leader Annastasia Seebohm plans to revive the signature Brilliant Minds summit in Stockholm in June 2022. Spotify founder and CEO Daniel Ek plans to expand the reach of his Brilliant Minds Foundation, even as the nonprofit’s signature annual event—a two-day summit in Stockholm that has attracted attendees such as President Barack Obama, Pharrell Williams, Naomi Campbell, and Goldman Sachs CEO David Solomon—is on a two-year hiatus due to the pandemic. Read Full Story

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What would Bill Campbell do?

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Google’s former CEO and his co-authors reflect on the wisdom of the legendary management coach, and what advice he would give in the midst of the pandemic. Since the onset of the COVID-19 pandemic and protests against racial injustice, we are often asked, “What would Bill do?” The Bill in question is Bill Campbell, our late friend and coach, and the subject of Trillion Dollar Coach , the book we published about him last year. Read Full Story

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The pandemic forced this founder to slow down so he could accelerate long-term growth

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The CEO of Farmer’s Fridge shares tips for recalibrating as quarantine enters its sixth month. I was staring out at a sea—or should I say a grid—of blank faces. It was the town hall portion of our weekly all-company meeting, and an employee asked me directly how long I thought this work-from-home arrangement would last. I gave my unfiltered opinion: I did not see a return to life as we knew it for a couple of years (if ever). I had made a concerted effort to keep spirits high and energy positive in our weekly all-company Zoom calls, but it felt like despite all the positive momentum generated from previous responses to the crisis, with that one revelation, I had just killed the mood of the entire team. Read Full Story

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