If Trend Continues for the Rest of 2020, Nonprofits Will Lose More than $25 Billion Giving to charitable organizations is down by 6% in the first quarter of 2020 compared to the same time last year, according to the Fundraising Effectiveness Project’s 2020 First Quarter Report. The Fundraising Effectiveness Project (FEP) is the provider of the Growth in Giving Database, the world’s largest publicly… Read more »
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 »
Giving to charitable organizations is down by 6% in the first quarter of 2020 compared to the same time last year, according to the Fundraising Effectiveness Project’s 2020 First Quarter Report. If this trend continues for the rest of 2020, nonprofits will lose more than $25 billion.
American individuals, bequests, foundations and corporations gave an estimated $449.64 billion to U.S. charities in 2019, placing it among the highest years ever for charitable giving, according to findings in Giving USA 2020: The Annual Report on Philanthropy for the Year 2019, released today. Total charitable giving rose 4.2% measured in current dollars (2.4% adjusted for inflation) over the revised total of $431.43 billion… Read more »
In our 50-plus years as a company, it rings true more each year that the world’s challenges are our challenges. The global health crisis has tested all of us in recent months, and the racial violence in the U.S. – in particular, the murder of George Floyd – is tragic, painful and unacceptable. Today, on what would have been our Associate and Shareholder Celebration,… Read more »
Jordan Brand is us, the Black Community. Jordan Brand is more than one man. It has always been a family. We represent a proud family that has overcome obstacles, fought against discrimination in communities worldwide and that works every day to erase the stain of racism and the damage of injustice. The will, the work, the excellence the world has come to know is… Read more »
Sony Music Group has announced the launch of a $100 million fund to support social justice and anti-racist initiatives around the world. The company — which includes all of its recorded-music and content divisions and music-publishing company — will immediately begin to donate to organizations that foster equal rights, according to the announcement. In making the announcement, Rob Stringer, Chairman, Sony Music Group, said,… Read more »
Warner Music Group, its directors and management, and the Blavatnik Family Foundation announced today a $100 million fund to support charitable causes related to the music industry, social justice and campaigns against violence and racism. An advisory panel made up of appointees from Warner Music Group and the Blavatnik Family Foundation will establish procedures to identify and support those in the music community, and… Read more »
Over $900,000 in grants announced, with more to be announced soon CFT’s North Texas Community Response Fund announces grants totaling over $900,000 to 110 local nonprofits in conjunction with the North Texas Cares funder collaborative The North Texas Community Response Fund at CFT was established to support community needs in response to COVID-19. To date, community members have contributed $2.1M to this fund to provide support… Read more »
If ever there was a time for foundations to consider permanently accelerating the pace and volume of giving, it’s now. Here’s how the positive changes in individual and institutional philanthropy sparked by the COVID-19 pandemic can take root and grow. The philanthropic response to the COVID-19 pandemic has shown the sector at its best. From the launch of community-based rapid-response funds to the development of diagnostics and vaccines, philanthropy is showing up both to help flatten the curve in the short term and to address the inequities the crisis will exacerbate over the long term.
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 »
Alex Bregman, famed third baseman for the Houston Astros, has launched FEEDHOU, a $1M fundraising campaign to help feed Houston-area residents experiencing food insecurity during the COVID-19 crisis. Proceeds from the campaign directly benefit the Houston Food Bank, a nonprofit committed to feeding the hungry in the Houston area. “While the Astros are off the field, I want to create a new team to… Read more »
Community Health Charities (CHC) released the findings from its March survey of nonprofit partners, identifying the impact coronavirus has on their ability to fulfill their missions. Of the 331 nonprofits who responded, 73% had already canceled a fundraising event due to COVID-19. The cumulative financial loss to these nonprofit organizations over the next three months alone was $644 million, significantly impacting nearly every state,… Read more »
Via Tom Ahern and his acquisition of the eager permission of Steven Screen (l.) and Jim Shapiro (r.), the brainiacs in the photo below, co-founders of The Better Fundraising Co., based in Greater Seattle, I bring you THEIR 8-point….
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One of the Giving Pledge philanthropists and co-founder of Microsoft, Paul Allen, recently died. But at his death he was worth more than he was when he signed the Giving Pledge, a pledge that 186 of the wealthiest philanthropists have made to give away half of their net worth before they die.
This inspired Alana Semuels, writing in the Atlantic, to ask whether the Giving Pledge is realistic. When Allen signed the Pledge in 2010 he was worth $13.5 billion, when he died he was worth $20 billion. So despite the fact that he made many large donations to nonprofits during that time, he dramatically failed to meet his pledge.
New Study Contains Revealing Data on Giving by High Net Worth Women, Millennials and Other Groups
The 2018 U.S. Trust Study of High Net Worth Philanthropy, published today in partnership with the Indiana University Lilly Family School of Philanthropy, finds that wealthy Americans continue to be generous with their time and money, increasing the amount they gave on average to charitable causes and organizations in 2017, including giving in the wake of natural disasters. The biennial study shows that 90 percent of high net worth (HNW) households gave to charity last year, and 48 percent volunteered time to nonprofit organizations and causes.
It started with a threat, from a board member in the midst of a board meeting. “If she doesn’t produce in a year, she’s out of here.” Thirty seconds. Sixty seconds. Silence hung in the room like fog at dawn. I was beginning my third job with a nonprofit. The first two positions were highly-sought-after spots with low-pay and high-perks. … Read more »
Something pretty interesting is happening in the world of philanthropy. Anand Giridharadas, journalist and former Aspen Institute fellow, has just written a pretty major indictment of modern philanthropy in his new book, Winners Take All: The Elite Charade of Changing the World. Giridharadas takes big philanthropists to task for reinforcing the social problems they claim to be solving. He’s creating lots (and lots and lots) of buzz, and adding… Read more »
The 18-hour online fundraiser generated a mind-boggling $48 million for area charities, according to organizer Communities Foundation of Texas. That’s a 20 percent leap over last year’s remarkable $39 million. Read more at https://www.dallasnews.com/business/philanthropy/2018/09/21/north-texas-giving-day-brings-mind-boggling-47-million-charities Article Author Holly Haber – Dallas News
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 »