This week’s Leadership newsletter features challenges to the nonprofit and philanthropic sectors—in the form of threats and opportunities. First, in a case with potentially major implications for the sector, a US appellate court has blocked the Fearless Fund’s ability to make grants to businesses owned by Black women. Next, the MacArthur Foundation launched its third 100&Change competition for a single $100 million grant for organizations that dare to “think big.” Then, an anonymously authored essay calls on nonprofits to condemn Israeli violence in Gaza—despite fears of retribution from funders. Finally, in honor of Pride Month, the NPQ team curated a collection of stories that aim to uplift voices from the LGBTQ+ community.

The Leadership desk is interested in intriguing pitches. Email Leadership editor Isaiah Thompson at [email protected].