Based on a nationally representative survey of nonprofit leaders in May 2020, Funder Support During the COVID-19 Pandemic sheds light on which organizations face the toughest challenges, what is most needed from funders, and what differences in experience are emerging based on characteristics such as organization type and gender of nonprofit leaders. The data in this report also reveals what nonprofits have found to… Read more »
In the wake of COVID-19, there has been a lot of discussion — especially in the blogosphere — about foundations “digging deep” both by increasing annual spending and potentially spending down endowment assets. To some voices in philanthropy — including the Ford Foundation’s Hillary Pennington (Bell, 2020), Benjamin Soskis (2020) of HistPhil and the Urban Institute, and the Libra Foundation’s (2020) Crystal Hayling — the magnitude of the crisis demands considering all financial resources. Over 300 donors and grantmakers have now signed a joint letter asking Congress to temporarily raise minimum foundation payout levels and set a payout requirement for the first time for Donor Advised Funds (DAFs) to respond to the unprecedented need among nonprofits (Daniels, 2020).
Funds will cover grantmaking aligned with each foundation’s mission, including racial equity and social justice, arts and culture, higher education, human services, climate solutions, and other areas to provide financial support to communities that are most vulnerable and hardest hit by the impact of COVID-19.
There is much discussion lately about the financial doom that this pandemic is unleashing on nonprofits. Cancelled galas, shrinking corporate donations, fearful foundation donors, disappearing government coffers. It seems that the entire way nonprofits are funded might be crumbling before our eyes.
At a time when more Americans are in need of assistance but fewer are in a financial position to be able to provide it, Gallup finds a new low in the percentage of Americans reporting they donated money to charity. Seventy-three percent of U.S. adults say they donated money to a charitable organization in the past year, surpassing the prior low from the Great… Read more »
Foundations. Nonprofits. Texans who are 501c3. We want to support you. we want to bring community deep into the hearts of Texans… that’s what we do.
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The fact is that a financial glass ceiling exists for nonprofits — a limit, which many nonprofits hit, where the money just won’t grow. They may have a great solution to a social problem, but they are unable to attract the money necessary to deliver on that solution. I see this all the time in my consulting practice. A nonprofit has existed at a certain budget level — let’s say $1.5 million — for years and years, and though they have big ideas for how much more they could be doing, they just can’t seem to get past that $1.5 million mark.
Turning 10 is a big deal, especially for the nation’s biggest community day of giving, which this year will occur September 20. Communities Foundation of Texas will mark North Texas Giving Day’s milestone year with a slew of newness and improvements, ranging from a new platform that enables personalized crowdfunding, an ambassador program to spread the word and increase participation, four new qualifying counties… Read more »
A majority of U.S. nonprofit and foundation leaders are concerned about a potential decrease in charitable giving in the wake of tax legislation passed by Congress late last year, a new study released today by the Center for Effective Philanthropy (CEP) reveals.