For the second consecutive year, almost every metric monitored by the Fundraising Effectiveness Project (FEP) has decreased in the first quarter (January through March) of 2019, leading to concerns about the growth of charitable giving for the rest of the year. The FEP’s 2019 First Quarter Report, which reviews giving data from January through March 2019 and compares it to the same time period… Read more »
Millennial entrepreneurs show higher levels of charitable giving and volunteerism than entrepreneurs of earlier generations, one of many differences uncovered in a new Fidelity Charitable® survey focusing on three generations of business owners. The data shows that younger entrepreneurs have different approaches to business—and to philanthropy—than those who came before.
Mayor Steve Adler kicked off the Entrepreneurs Foundation’s (EF) 20th year celebration, saying “the Entrepreneurs Foundation has long been at the forefront of engaging technology entrepreneurs and their companies in Austin. We are a better city because of EF and their member organizations’ commitment to building high performing cultures enriched by civic and philanthropic contributions.” During its 20 years, the Entrepreneurs Foundation has raised… Read more »
In its first year as title sponsor, Charles Schwab is introducing a number of additions to the charitable programs associated with the 2019 Charles Schwab Challenge. Today, the company announced that the enhancements to the storied golf tournament will continue off the course, as well. The tournament’s long history of helping those in need throughout the state and Dallas-Fort Worth community also will receive… Read more »
According to David Solie, a psychologist specializing in geriatric medicine, elderly people are on “a journey” unrecognized by most others, including their children and professional caregivers. Unrecognized is the part that breaks my heart. “Many of us look at members of our parents’ generation and see a diminished version of the vibrant people we once knew,” he writes in his book, How to Say It to Seniors. “Surely they aren’t developing anymore, because we can see them declining right before our eyes.”
While almost all wealthy individuals make charitable contributions during their lifetimes, most fail to make charitable gifts when they die. But when they do, these contributions are, on average, many times larger than the gifts they gave over their last few years of life, even though earlier giving would have almost always reduced their total tax burden. In this study, we use a file of estate tax returns matched to income tax returns to analyze charitable giving by wealthy individuals at the time of their death (2007) compared with giving over their last five years of life (2002–06).
Photo by Olsztyn, Poland
7. Donors aren’t forever. Mostly. Again: Why do you need a donor acquisition program as well as a donor relationship program? Because donors come and go, like pee holes in the snow. A couple of years ago, I polled experts around the world with the question, “How long does the average donor stick with a charity?” There was a gawdly lot of hemming and… Read more »