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In times of uncertainty, it’s more important than ever for funders to be aware of their grantees’ financial health. The IRS Form 990 is a useful tool to help ensure your organization is meeting not-for-profit requirements and can provide insight into potential upcoming opportunities and challenges.
The IRS Form 990 is a complex, comprehensive document — and a useful tool for confirming an organization is meeting its not-for-profit requirements. It can also provide insight into important opportunities and help reveal information related to your organization’s financial health.
Gun violence is the leading cause of death of children and teens in the United States, having disproportionately impacted BIPOC communities for generations. For far too long, the emphasis on gun violence reduction has focused on easy accessibility to guns without addressing the root causes and demanding direct input from those communities most impacted.
Our nonprofit leaders are tasked with solving our most critical issues – meeting the needs of communities, driving social justice solutions, and leading the advocacy and movement work to transform systems. We must prioritize the wellbeing of our nonprofit workforce if we want to succeed in advancing our social justice and racial equity agenda. Our dedicated, passionate nonprofit workforce needs adequate rest and repair to sustain themselves, and continue their work for the long term.
Funding Strategies to Accelerate Power-building Cohort is a new offering within NCG's Communities of Practice. This cohort is a 4-part learning and collaboration series that will help philanthropic grantmakers sharpen their power-building strategies by engaging in 501c(4) funding and complementary 501c(3) funding. A core premise is that these types of grantmaking strategies (which NCG calls “c4- aligned funding”) can accelerate movement building and systems-change goals, strengthen our democracy, and advance racial equity.
In this second session of the Foundations of Racial Equity Series, we explore racial capitalism, which describes the current economic system of extracting social and economic value from people of color. Racial capitalism is based on the theft, exclusion and exploitation of the land, labor, and capital of people of color. Philanthropy—as a social, political, and economic strategy of society’s wealthiest people, mostly white men, and institutions that “do good” while moving wealth without tax exposure— upholds racial capitalism.
In 2020, we witnessed philanthropy make major commitments and promises to resource Black-led organizations and movements as part of a renewed reckoning with racial justice after the murders of George Floyd, Breonna Taylor, and countless other Black lives. Historically, Black-led power-building efforts have been at the forefront of transformative change but have been consistently underfunded and under-resourced. The sudden surge in resources allocated to Black-led nonprofits and power-building organizations over the last four years highlights the urgent need to invest in the leadership and visionary ideas for dismantling systemic racism and advancing an inclusive, multiracial democracy. Now, the question remains whether the investments so far are truly sufficient to provide long-term support for Black power-building organizations and their vital work.