Category Archives: Finance
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
Foundation Assets Soared For First Half Of 2024
Assets of U.S. foundation assets increased by $30 billion, or 2%, to nearly $1.6 trillion during the second quarter of 2024. Year-to-date assets are up nearly $120 billion, or 8%, marking a third consecutive quarterly record. Foundation assets have grown by about
DAF Donors Making Their Presence Felt
Fundraising data for years has shown the number of donors declining even though revenue increased more often than not. However, new albeit limited data shows donor-advised fund (DAF) users bucked the trend. Data from a new study shows the number
What Supreme Court’s ‘Chevron’ Decision Means To Nonprofits
By Steven M. Woolf The U.S. Supreme Court at the end of this year’s term rejected a 40-year rule that required judicial deference to the subject matter expertise of federal departments and agencies when interpreting statutory requirements in regulations. The
85% Of United Nations’ Sustainable Goals Not Being Met
The United Nations Sustainable Development Goals (SDGs) are approved by the UN’s 193 member countries. A UN Special Edition Report highlighted a considerable gap in achieving the SDG targets: Approximately 80% of the targets have deviated, stalled, or regressed, and
New Data: Major Gifts, Multiple Revenue Streams Boosting Fundraising
Are the good times for nonprofit fundraisers, if not back, at least on the horizon? More than four in 10 (46%) who were surveyed said their overall revenue had increased during the past 12 months, while just more than one-third
