Category Archives: Finance
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
Ensuring The Right To Online Free Association
By Stephen Jackson From supporting a local museum to responding to climate change to aiding people in the midst of a health crisis, nonprofit staff turn time and attention to a variety of issues, working on them in creative and
Methodist Unveils $181 Million Investment
Methodist Healthcare Ministries of South Texas, Inc. (MHM) is investing $181.1 million to advance health equity, strengthen communities and impact systemic change across its 74-county service area. That amount includes direct services, community investments, the development of community partnerships and advocacy
Price Hikes, Recurring Revenue Boost Blackbaud’s Second Quarter
By Richard H. Levey Blackbaud, a software provider that specializes in fundraising and other offerings for the social sector, reported total second-quarter 2024 revenue of $287.3 million, up 6% from second-quarter 2023 revenue of $271 million. For the most recent
Two Federal Bills Target Nonprofit Retirement Plans
By Paul Clolery Nonprofit employees with 403(b) retirement plans would be able to participate in collective investment trusts (CITs), if new federal legislation passes and is signed into law. A CIT is a tax-exempt investment vehicle that is similar to
Goals Shifting For Philanthropists In India
There is a noticeable shift in the mindset of Indian philanthropists from traditional charity to strategic giving. It is estimated that 90% of ultra-high-net-worth individuals (UHNIs) are not only eager to increase their financial contributions, often directing their wealth towards
