Category Archives: Finance
Contributions To DAFs, Distributions Both Decline
Donor-advised fund (DAF) disbursements to charitable organizations declined 1.4% during 2023 to $54.77 billion. Likewise, contributions into DAFs by donors decreased 21.7% to $59.43 billion, according to new data from the National Philanthropic Trust in Jenkintown, Pennsylvania. DAFs were responsible
5 Strategies To Keep Your Office Safe
By Eric Spacek The holiday season is significant in two important ways for nonprofit organizations: year-end giving reaches a peak and your nonprofit is a flurry of activity as people come and go. As you focus your efforts on soliciting
The Power of Spend-Down Funds And Immediate Attention
By Christian O’Dwyer, CFA and John Walsh Endowment funds have long been a cornerstone of philanthropy as they provide sustained financial support for various causes across generations. While endowments traditionally focus on perpetuity, a growing number of donors are opting
25 Years And $2.5 Billion For ShopGoodwill.com
Image from ShopGoodwill.com By Richard H. Levey ShopGoodwill.com, the ecommerce platform used by more than 130 Goodwills across North America, is not resting on its history after 25 years in operation. The online store, which organization leaders claim was “the
Rebuilding Nonprofit Infrastructure Post Covid
Following a few years of investment in their technology, infrastructure and internal resources, many nonprofits now have the revenue, organizational culture, and donor networks to execute plans to deepen, and perhaps transform, long-term impacts on the communities they serve. This
Study: Nonprofits Hospitals Worth 10X of Tax Foregone
The estimated tax revenue forgone due to the tax-exempt status of nonprofit hospitals was $13.2 billion during 2020, but the benefit tax-exempt hospitals provided to their communities, as reported on the federal Form 990 Schedule H, is estimated to be
Infinite Giving Gets $2 Million In Venture Money
Fintech platform Infinite Giving raised $2 million in a seed round led by Cubit Capital, Morgan Stanley, and Atlanta Ventures. The platform works with nonprofits and boards to manage and invest funds by combining donation page giving with cash management. Infinite Giving,
Fundraising Coupling: Fiscal Sponsorship Under Section 501c4
In the exempt-organizations context, fiscal sponsorship is a relationship through which a tax-exempt entity (sponsor) agrees to accept donations on behalf of another entity (project) that is, traditionally, not tax-exempt, including everything from informal associations of people to newly incorporated
Truist Foundation, MIT Set $250,000 Competition
The third Inspire Awards, a capacity-building grant program for nonprofits sponsored by the Truist Foundation, has launched. The competition this year aims to improve resources for adults seeking reskilling, upskilling and career transitions to uplift themselves and their families. The Inspire
2.8 Billion People In Inadequate Housing
Habitat for Humanity International unveiled the next phase of its MicroBuild initiative, which has helped to mobilize $1.22 billion for affordable housing finance and directly supported over 236,000 families to build or improve their homes. It is estimated that 2.8
