Mother Jones Receives $1 Million From Craigslist Founder

Philanthropy News Digest | August 30, 2018

Progressive news magazine Mother Jones has announced a $1 million grant from Craigslist founder Craig Newmark and Craig Newmark Philanthropies in support of its investigative journalism efforts. The gift will support the Moment for Mother Jones campaign, a special fundraising initiative designed to strengthen the nonprofit organization's reporting capacity and long-term sustainability. Launched in early 2016, the campaign has raised nearly $20 million to date in gifts and pledges. "We're honored by this gift from Craig," said Mother Jones CEO Monika Bauerlein. "This is an investment in the toughest and most rewarding kind of journalism, the deep investigative work that is now under attack from all sides. With our growing community of supporters, we can build a newsroom that continues this work for a long time to come."

Spotlight

MDG’s new infographic—2015 Trends: How Digital and Social Media Have Transformed Nonprofits—examines the ways in which fresh channels are quickly, and dramatically, changing how people engage with organizations. The graph highlights recent data showing the rapid growth of digital giving, how various channels are performing, and which tactics hold the most future promise.


Other News
FUNDRAISING

Faraday Future Announces New Funding

FARADAY FUTURE | August 16, 2022

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("FF”, “Faraday Future”, or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced the successful execution of a definitive agreement for a new financing facility. The Company continues to have active discussions with multiple capital providers for potential significant additional near-term funding. Under the new financing facility, which contemplates total potential funding of as much as $600 million in a convertible secured notes structure, Faraday Future will receive an initial $52 million of committed funds. Funds managed by ATW Partners, a U.S.-based institutional investor, led the transaction. Investors contributing $27 million (plus up to $31 million from additional investors who commit on or prior to August 17, 2022 and fund on or prior to August 19, 2022) will receive a conversion price of $2.2865 per FFIE share, later contributions will receive a conversion price of $2.69 per FFIE share. All investors will receive 33% warrant coverage with an exercise price of $5.00 per FFIE share. The facility is structured to allow for additional investor participation on similar terms. Other terms can be found in our 8-K filing dated August 15, 2022. Citi served as placement agent, and Sidley Austin LLP served as legal advisor to the Company. Blank Rome LLP and Ellenoff Grossman & Schole LLP served as legal advisors to the lead investor in the fundraising. The Company remains in active discussions with both U.S. institutional investors and international funding sources. These discussions may or may not lead to additional funding commitments beyond what has already been executed. The Company will provide further updates on financing negotiations as appropriate, and upon the conclusion of any additional definitive agreements. “I am very pleased to have this important new committed capital and framework in place for substantial additional funding. We are working diligently to complete this capital raise process in order to raise sufficient new funds to launch the FF 91. Subject to successful completion of this fundraising process, I am confident that we can deliver cars to our customers in late Q3 or Q4, Our Hanford manufacturing facility, recently renamed the “FF ieFactory California” is nearing completion. We have all the equipment on site needed to begin production and are in the final stages of installation. The FF ieFactory California has already produced over a dozen production-intent vehicles. Testing and validation of the FF 91 is well underway, and I am very pleased with the results we are seeing. The FF 91 will be the world’s first ultra-luxury EV and will reset customer expectations for what the future of intelligent mobility can be.” -Dr. Carsten Breitfeld, Global CEO of Faraday Future. ABOUT FARADAY FUTURE: Faraday Future is a class-defining luxury electric vehicle company. The Company has pioneered numerous innovations relating to its products, technology, business model, and user ecosystem since its inception in 2014. Faraday Future aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet, and new usership models. Faraday Future’s first flagship product is the FF 91 Futurist.

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NONPROFIT TECHNOLOGY

Engaging Networks Launches Powerful Nonprofit Texting Tools

Engaging Networks | August 17, 2022

Engaging Networks, a globally-trusted online fundraising and campaigning platform, will launch new texting capabilities, specifically designed for nonprofits and charities. The tools leverage a Twilio integration to support bulk sending of SMS and MMS messages to opted-in supporters and keyword management. "Many nonprofits can't afford the high cost to start a texting program or have to sparse data together in siloed systems to reach their supporters, Our new tools make texting more accessible and integrated for organizations to engage their supporters in seconds." -Dan Szymczak, Senior Director of Product at Engaging Networks. The new texting tools launch later this fall, just ahead of the 2022 year-end giving season. The tools build on innovative technology already available on the platform to enable features such as one-click donations and conditional content. In 2021, Twilio texting technology helped nonprofits send 17 billion messages across 195 countries. The addition of this important feature to Engaging Networks further positions the platform as the leading all-in-one digital engagement tool for nonprofits and charities. The launch is part of a larger redesign of the platform's email suite to allow for multi-channel messaging, with an easy-to-use interface across technical levels. The integrated texting and email tools come in response to the evolving digital landscape and growing power of text as a key nonprofit engagement channel. Layering rich data with advanced features, Engaging Networks' new messaging tools are designed to help nonprofits raise more money, win more campaigns, and instantly connect with their most loyal supporters. About Engaging Networks: Engaging Networks is an innovative digital engagement technology platform with the ability to fully adapt to a nonprofit's fundraising and advocacy needs. Engaging Networks proudly works with a variety of important organizations such as The Humane Society of the United States, National Wildlife Federation, The Nature Conservancy, Human Rights Campaign, PETA and Amnesty International.

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NONPROFIT MANAGEMENT

NABA Announces $1M CLA Foundation Grant to Grow Black Talent in Accounting

NABA | June 27, 2022

NABA, Inc., a nonprofit member-based association for accounting, finance, and business professionals announced that it received a grant of $1 million from the CLA Foundation to seed the nonprofit’s new Pathway to College program, support human capital needs, and create scholarships. “I am excited to path and pave a more just world together with the CLA team,” said NABA President and CEO Guylaine Saint Juste. “The $1 million grant allows us to design programs and services to give more young Black Business Leaders a sense of belonging that increases their propensity to choose accounting as a field of study and career pathway.” CLA (CliftonLarsonAllen LLP) and NABA commemorated their relationship in September 2021 with a first of its kind corporate sponsorship to help fuel the organization’s mission to advance diversity, equity, and inclusion within the profession. Through this work with NABA, CLA continues to increase workforce diversity and expand its pool of talent and improve the representation of Black individuals within the firm and the accounting profession. We’re working to significantly increase the number of accountants in the United States, not just for CLA, but across the industry. And we’re doing it with an inclusive mindset. Attracting and retaining talented diverse professionals is essential to the future of the profession. NABA is helping us do this within our own walls, even as we help NABA advance its programs and initiatives.” Jen Leary, CEO of CLA, one of the leading professional service firms in the United States The CLA Foundation grant was presented to Saint Juste at the NABA RECHARGE convention held in Hollywood, Florida June 21 – 24. CLA sponsored the NABA RECHARGE convention at the ”Pacesetter” level and hosted two sessions: “Be Well and Belong — Investing in Your Authentic Self” (for students) and “Living Your Inspired Career” (for professionals). “Our relationship with CLA is so much more than a dollar figure,” said Saint Juste. “From shared work spaces to strategic visioning to leadership consulting, we give each other energy and insights to continue to make headway toward our goals.” NABA’s Pathway to College program is designed to support Black high school, community college, and Historically Black Colleges and Universities students’ pathway into the public accounting and advisory profession, offering work experience along the journey. In addition to supporting the Pathway to College program over the next five years, a portion of the grant funds will be set aside to create a base for scholarships with lasting impact. CLA also plans to offer paid internships to students throughout the five-year grant commitment. These internships will provide students with real work experience to support them on their journey to becoming accounting professionals. CLA’s promise is “to know you and help you” and this includes its clients, its people and its communities. This grant is an example of how CLA is working with NABA to truly impact the Black community. “I believe the impact we have with NABA in the Black community will be replicated in the future,” said Leary. “I’ve seen our CLA Foundation contributions rise every year since inception. I couldn’t be more thrilled about the opportunities we have to support the communities in which we work and live, with equity, inclusion, and a dose of joy.” All CLA Foundation grant nominations originate with CLA team members. Since 2015, the CLA family has awarded over $6.5 million through 388 grants to organizations across the country. Learn more about the CLA Foundation. About NABA NABA, Inc. is a nonprofit membership association dedicated to bridging the opportunity gap for Black professionals in the accounting, finance, and related business professions. Representing more than 200,000 Black professionals in these fields, NABA advances people, careers, and the mission by providing education, resources, and meaningful career connections to both professional and student members, fulfilling the principle of our motto: Lifting as We Climb. About CLA CLA exists to create opportunities for our clients, our people, and our communities through industry-focused wealth advisory, digital, audit, tax, consulting, and outsourcing services. With more than 7,500 people, 121 U.S. locations, and a global vision, we promise to know you and help you.

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NONPROFIT TECHNOLOGY

OneCause Wins Multiple Best Place to Work Awards

OneCause | May 21, 2022

OneCause, an Indianapolis-based event and online fundraising software company, was honored with two "best places to work" awards in the Indianapolis Star Top Workplaces and Indiana Chamber Best Places to Work in Indiana programs. The programs highlight Indiana workplaces with exceptional company cultures and high levels of team engagement. This is the fourth year in a row OneCause has been recognized by the Indiana Chamber as an outstanding Best Place to Work and the first time being named a Top Workplace by the Indianapolis Star. Comprehensive employee surveys and a company culture review of policies, practices, philosophy, systems and demographics are the main drivers in determining which companies are honored in the Indiana Chamber's Best Places to Work program. The Indianapolis Star Top Workplaces program solely uses employee feedback to determine its list of honorees, highlighting how important it is to maintain a supportive company culture centered on employee well-being. Building an exceptional company culture means creating an environment where people feel supported, where their contributions are meaningful, and their talents valued. Companies are a reflection of their people — we need to embrace the wide range of experiences and viewpoints they bring and create a safe environment that fosters learning and innovation. We spend a lot of time listening to and acting on what our team needs, wants, and expects so we can maintain a people-first culture where they can flourish. It's an honor to be recognized by multiple programs for this ongoing effort." Steve Johns, OneCause CEO In addition to the third-party surveys utilized to determine top workplace winners, OneCause regularly conducts internal employee engagement surveys. The leadership team reviews results to create programs or take positive action based on the feedback. During the pandemic, they assembled a Future of Work taskforce to address the rapidly changing needs of an increasingly distributed workforce. "It's refreshing to work for a company where my voice matters," said Stefanie Zachary, senior consultant for enablement, learning and development at OneCause. "There isn't one small group deciding what our company culture looks like — we're all a part of deciding that. Seeing one of my ideas or a coworker's feedback being turned into a benefit, committee or community activity feels really good. That doesn't happen everywhere." Some recently implemented initiatives based on employee ideas and feedback include: Work-from-anywhere opportunities to provide improved work-life balance Ongoing professional development and management training to boost skillsets and provide a clearer path for progression An expanded set of company benefits, including a sabbatical for employees with 10 years of service, paid volunteer time off and paid parental leave Employee feedback and suggestions will continue to be sought and analyzed as staff and workplace needs evolve. OneCause has grown its full-time team 79% since 2020 and plans on increasing hiring over the next year. About OneCause OneCause is driving the future of fundraising with easy-to-use event and online fundraising solutions that help nonprofits improve the giving experience and raise more money. OneCause builds technology that optimizes everyday generosity, making it easier for nonprofit organizations to fundraise and for nonprofit supporters to give. Since 2008, OneCause has helped over 10,000 nonprofits raise more than $4 billion for their missions. Headquartered in Indianapolis, OneCause is committed to driving innovation in the charitable sector, bringing together nonprofit professionals across the world for the annual Raise Conference to exchange ideas that further fundraising.

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Spotlight

MDG’s new infographic—2015 Trends: How Digital and Social Media Have Transformed Nonprofits—examines the ways in which fresh channels are quickly, and dramatically, changing how people engage with organizations. The graph highlights recent data showing the rapid growth of digital giving, how various channels are performing, and which tactics hold the most future promise.

Resources