Charitable giving surged to a record high in 2017 as Americans gave more than $400 billion for the first time ever to a wide variety of organizations, according to a new report released Tuesday. Giving jumped 5.2% from last year to an estimated $410.02 billion in 2017, according to Giving USA 2018, the Giving USA Foundation’s annual report on philanthropy. Read more from USA Today and join AFP and VAFRE on June 21st for a look at the GivingUSA report.
In its special report “The Disappearing Donor,” the Chronicle of Philanthropy examines why a smaller share of Americans give to charity today than at the start of the 21st century. This trend is true across all demographics, with new data showing declines among even the religious faithful and middle-age donors, who are typically nonprofit stalwarts. Read more and see the chart from The Chronicle of Philanthropy.
Wells Fargo said it will give $400 million in cash to nonprofits in 2018, in what it describes as a 40 percent increase in its corporate philanthropy compared with last year. And starting in 2019, the bank said, it will spend 2 percent of its after-tax dollars on corporate philanthropy. Read more from The Chronicle of Philanthropy.
Singles are stereotyped as selfish. When we asked participants to tell us what comes to mind when they think about married people, nearly every other person (49 percent) mentioned characteristics such as giving, caring or kind. When participants instead thought about single people, hardly anyone (2 percent) described those qualities. Yet a pile of studies stands in defiance of the stereotype of the selfish single person. Read more from The Washington Post.
More than three quarters of entering college students feel it’s their duty to help others in need, a sentiment that’s grown steadily in recent years. But how much are they willing to commit? On average, just 26% of all university students typically volunteer—lower than the number among high schoolers. Read more from Fast Company.
Text messaging your supporters and donors can be more personal than an email and more private than a social media post and more casual than a phone call. But it’s not free and list building can take time because SMS marketing is relatively new, according to Ellen Pascale, manager, mobile marketing, at Humane Society of the United States (HSUS). Read more from The NonProfit Times.
Professional skill sets can be of enormous benefit to a sector that has limited funds for overhead spending, given funders’ eagerness to keep administrative costs to a minimum. That overhead—the strategic planning, leadership development, technology, finance, and marketing functions—is what enables organizations to thrive and scale effectively. Corporate and professional skills-based volunteering can play an effective and critical role in these precise areas, if done right. Read more from Nonprofit Quarterly.
The nonprofit sector is the third leading employer in the US, providing jobs for nearly 12 million Americans, according to the Johns Hopkins Center for Civil Society Studies. "This is a sector in which the contribution that it is making to people's lives is better reflected in employment than it is in just in raw dollars," says Lester Salamon, author of the report. Read more from Fast Company.
Two House lawmakers have introduced a bipartisan bill that would allow taxpayers to write off donations whether or not they itemize. Under the bill, the amount of charitable donations would not be capped. "This bipartisan bill not only encourages us to help our fellow neighbors, but it also makes sure than taxpayers can receive their due deduction for charitable giving if they choose not to itemize," said Rep. Henry Cuellar, D-Texas, a cosponsor of the bill. Read more from ThinkAdvisor.
Bruce and Martha Karsh pledged $25 million to the UVA School of Law for scholarships, to create the Karsh Center for Law and Democracy, and to endow a professorship to lead the new center. The university’s Board of Visitors is giving an additional $18.9 million in the Karshes’ name for those three efforts. Read more from The Chronicle of Philanthropy.
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