This podcast interviews Stacy Palmer, CEO of the Chronicle of Philanthropy, about the impact of the Trump administration's cuts to U.S. government grants on the nonprofit sector. The interview discusses the widespread fear and uncertainty among nonprofits, the challenges of securing funding, and the limitations of private sector support in replacing government funding. Palmer highlights the haphazard nature of the cuts, causing significant disruption and impacting organizations' ability to function. A key takeaway is the disproportionate impact on smaller, hyperlocal organizations lacking resources to navigate these changes. The discussion also touches upon the chilling effect on corporate philanthropy, particularly in areas like DEI initiatives.
