Category Archives: Finance
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
Alarming Trends Undercut Record Donations
By Richard H. Levey The $557.2 billion U.S. donors gave to nonprofits during 2023, according to data from Giving USA, is a high-water mark in terms of current dollars, and the amount exceeds pre-COVID-19 pandemic-giving, which peaked during 2019. But
NPO Launches BNPL Program For Laptops Starting at $38
Human-I-T, a nonprofit dedicated to bridging the digital divide and providing equitable access to technology has launched a program that offers laptops for as low as $38 through a new “Buy Now, Pay Later” (BNPL) via Klarna. This initiative ensures that everyone,
$5.49 Billion From DAFs At National Philanthropic Trust
Donor-advised fund participants who use the National Philanthropic Trust granted $5.49 billion to 41,217 qualified charitable organizations in 58 countries including the U.S. via 129,000 grants during Fiscal Year 2024 (July 1, 2023 to June 30, 2024). The number of
Heightened Institutional Mistrust May Have Trickle-Down Impact
A good cause, or even a well-established name, are no longer enough to allay donors’ funding hesitancy: One third of potential donors have a difficult time picking between nonprofits within a specific sector. A panel of more than 2,100 adult
Lessons From Debby: 5 Things Before Severe Weather Hits
Hurricane Debby left downtowns from Savannah, Georgia to Annapolis, Maryland under water as it came ashore and stayed like an unwanted relative who won’t leave your home after a couple of days stretched into a couple of weeks. Severe weather
