Nonprofit news summaries for the week of June 14th, 2021.
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New Federal Legislation Aims To Speed Up Donor Advised Funds’ Impact To Charities
New proposed legislation introduced by Sen. Angus King (I-Maine) and Sen. Charles Grassley (R-Iowa) seeks to speed up the process by which donor-advised funds (DAFs) would be disbursed to nonprofit organizations. While controversial within certain philanthropic circles, the Accelerating Charitable Efforts (ACE) Act would establish timeframes for DAF distribution and new rules for DAFs, including both 15 and 50-year options.
Read more ➝ Chicago-based Journalism Nonprofit Wins Pulitzer
The Invisible Institute, a nonprofit news organization based out of the south side of Chicago, along with the staffs of The Marshall Project, Alabama Media Group, and The Indianapolis Star, have won a coveted Pulitzer Prize in the “National Reporting” category for investigative reporting that looked into Police K-9 units.
Summary
Big law firms are donating pro bono hours to block unions at legal nonprofits where their partners are board members EveryAction’s Acquisition Spree Lands Salsa Labs Square Launches $5M Bitcoin Fund to Promote Crypto Inclusion What the donor-advised fund payout rate means for philanthropy and how it fits into the bigger charitable giving picture How An Oklahoma STEM Nonprofit Is Empowering Students To Digitally Rebuild Tulsa’s Black Wall Street
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