Friday Rewind

The Friday Rewind offers a snapshot of PhilanthroNews —  that means news stories, articles, events of note, or information updates — from around our network and throughout the broad world of philanthropy. Whether you take a quick skim of the material or a deep dive through each item we hope to help inform your work and inspire your thinking.

1. Nearly half of the funding for nonprofits working to make education more accessible to underrepresented communities comes from smaller foundations, according to the National Committee for Responsible Philanthropy. Both funders and nonprofits need to keep in mind that increased access to educational opportunities is not the only key factor in reducing inequity, as the entire well-being of students (including their emotional health and the development of social skills) is also crucial. Read the Full Story Here
2. The recently released FCI Funders Toolkit provides helpful information, resources, and guidance for grant makers who want to help ensure a fair and accurate census and explains why an accurate count is particularly critical for the communities you serve. Complete the short form found on the FCI webpage to receive a PDF format version of the toolkit, which is formulated for foundations interested in learning more about how the 2020 Census will impact the philanthropy sector, what’s at stake with an inaccurate census count, and how funders can take action. Read More Here
3. As a funder, it’s important to familiarize yourself with the unique way in which nonprofits present their financial statements. Although most individuals have a general understanding of accounting, it’s important to note that most of what we learn is often geared towards for-profit companies, whereas the way in which nonprofits present their financial statements is a bit unique. In this webinar that takes place June 5th from 2:00-3:00 pm, we aim to provide basic information on what each of the major nonprofit financial statements are as well as a general overview of the content and importance of IRS Form 990 and how both, along with some critical ratios, can be used to comprehend the financial health of a nonprofit organization. Sign Up Here (NY Funders Alliance members only, recordings made available by request).
4. The second article in a monthly series “Your Philanthropy Career” by Inside Philanthropy discusses ten ways in which individuals within the philanthropy sector can strategically plan to advance their careers. From analyzing what key skills are needed in one’s “dream job,” to mapping out a professional strategic plan, here are some solid tips and advice for those looking to expand their career opportunities! Read the Full Story Here 
5. Independent Sector recently announced the addition of a “Public Policy Fellows Council” which will “conduct research, engage other leaders and practitioners, and disseminate original work to the charitable sector.” A press release from the president of Independent Sector discusses more details regarding each policy fellow’s specific expertise, and a more general overview can be found here.

Friday Rewind is published each Friday by NY Funders Alliance staff. To submit a story for the Friday Rewind, please email programs@nyfunders.org.