This is a hot take from Deborah Barron, Founder of New Left Accelerator, in the Chronicle of Philanthropy. She endorses the idea of portfolio giving and getting creative in funding entities.
“Conservatives have long grasped this, making long-term investments in whatever legal vehicles are necessary — including advocacy groups and corporate entities — to effect change.
Now bold progressive grant makers are exploring how charities can engage in the full range of sanctioned activities, including lobbying. And innovative leaders are thinking beyond 501(c)(3)s and establishing a variety of organizations — including advocacy groups, political-action committees, and other entities — to accomplish their mission and win key battles.”