Category Archives: Finance
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
More Revenue Streams Needed Now Than 24 Months Ago
Nonprofits face continual financial pressures around revenue streams, with 57% of financial managers saying they need somewhat or much more stable cash flow, and nearly 7 in 10 sharing that they need more revenue streams today than they did two
Gender, Job Dissatisfaction Fuel Fundraisers’ Salary Gaps
Tax-exempt organizations often strive to bring equity, social justice and other forms of fairness to their client communities as part of mission. Often, however, these egalitarian impulses are ignored within their own operations. According to new data from the Association
Legal: 5 Considerations When A Bequest Is Challenged
By Kevin W. Weigand You’ve just learned that one of your largest donors has passed away and left a sizeable portion of her estate to your organization. The bequest will be transformational. Budgetary concerns will ease, and the organization will
Blackbaud Rejects $4.3 Billion Acquisition Bid
The board of directors at software and computing services provider Blackbaud as expected turned down a $4.3 billion acquisition offer from Clearlake Capital Group. The offer, which Blackbaud received in mid-April, was the second made by the Santa Monica, California-based
Blackbaud Reports 6.7% Gain, Boosted By Recurring Revenue
Software as a service giant Blackbaud reported first-quarter revenue of $279.3 million for the three-month period ending March 31, up 6.7% from the same period of a year ago. The gain represented organic revenue growth of 6.9%, which equated to