Mary Baldwin University announced today the largest gift in its 176-year history: a $25 million legacy gift from alumna and longtime champion Bertie Murphy Deming Smith ’46. Read more from The Augusta Free Press.
Ten percent more households became first-time donors to a charity in 2017 compared with the prior year, according to the Blackbaud Institute for Philanthropic Impact. The new donors were also more generous, with a 27.4% increase in the number of new-gift households donating more than $1,000 -- a shift that may signal higher donor expectations and a need for stronger stewardship. This trend will necessitate greater strategy in stewardship, according to Vital Signs Part 2: The Undeveloped Value of New Donors,” a new report by the Blackbaud Institute for Philanthropic Impact. Read more from The NonProfit Times.
Companies with a customer-centric approach to business are 60% more profitable, and the same rule applies to nonprofits, say World Wildlife Fund's Gaby Gollub and Ryan Wallace of Operation Smile, citing Deloitte data. To boost fundraising and impact, nonprofits should cast donors as heroes in their messaging, be direct in asking for support and outline specific goals donors can help achieve. Read more from The NonProfit Times.
One of the biggest-impact things you can do as a fundraising is to promote monthly giving as an option for your donors. It can power amazing growth for years to come, for two reasons: The annual revenue from a monthly donor is typically three or more times what it is for the same person as an episodic donor. Better yet, the annual retention of monthly donors is usually higher than 90% -- as opposed to around 50% for episodic donors. It's a very big deal. Read more from Future Fundraising Now.
Having trouble getting that corporate foundation gift? Try adding a well-placed politician to the board! A working paper published at the National Bureau of Economic Research by a group of superstar economists more definitively shows that corporate philanthropy often seeks political influence through giving to nonprofits connected to a well-placed politician. Read more from Nonprofit Quarterly.
Employee burnout and a shortage of unrestricted funding are two of five key issues hurting the US nonprofit sector, according to Spark co-founder Kathleen Kelly Janus. She explains how the best nonprofits deal with such issues, for example focusing on collaborative leadership to reduce the burden of overworked employees. Read more from Fast Company.
Two-thirds of women who have encountered misconduct on the job say donors were the perpetrators, according to a new study of more than 1,000 fundraisers sponsored by the Chronicle and the Association of Fundraising Professionals. Read more from The Chronicle of Philanthropy.
A 50-year-old Virginian nonprofit, A Grace Place, which serves 150 adults with special needs every day, is closing, citing a recent reduction in reimbursement rates. Interim CEO Lynne Seward says, “Unfortunately, because the [Medicaid] rates have not increased and our expenses have, it made it very difficult to keep the business going.” She also cites an “increase in regulatory requirements.” Read more from Nonprofit Quarterly.
The US nonprofit sector employed more than 10.6% of the nation's workforce in 2013, yet 50% of organizations struggle financially and up to 8% are technically insolvent, writes Bruce DeBoskey. Philanthropists can combat the issue, he writes, by ensuring nonprofits have enough funding for overhead, offering less restricted funding and encouraging restructuring and mergers. Read more from WealthManagement.com.
Many readers will be familiar with the biblical sins of envy, gluttony, greed, lust, pride, sloth, and wrath. But philanthropy has its own set of sins. By being aware of these, and acting to avoid them, we can help ensure that philanthropy truly benefits the communities that it aims to serve. Read more from Nonprofit Quarterly.
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