Is your organization ready for its new financial reporting and planning requirements? As they say, a stitch in time saves nine: 2018 is upon us, and the Financial Accounting Standards Board’s changes to nonprofit reporting are now applicable for calendar reporting year 2018 for many nonprofits. Read more from Nonprofit Quarterly.
The outlook for charitable giving for 2018 and 2019 is that there will be growth, just not the way it has always been. As donors remain committed to their favorite causes, the timing and amount of their giving might be very, very different due to changes to deductions in the Tax Cuts and Jobs Act (TCJA) and a general robustness of the U.S. economy. Read more from TheNonProfitTimes.
Strong majorities of nonprofits around the world say social media is an effective tool for raising awareness, attracting volunteers and fundraising, but less than a third have formal social media policies, according to a survey by Nonprofit Tech for Good. Facebook is the most common social media tool among nonprofits, the survey found. Read more from TheNonProfitTimes.
Billionaire pioneers in the tech industry led a near-record year of charitable giving by America’s superrich in 2017, even as the country wrestled with income equality that some say is exacerbated by the wealth amassed by these philanthropists. The median annual giving by the 50 most generous donors last year reached $97 million. Read more from The Chronicle of Philanthropy.
Women with high net worth are willing to take risks with their charitable giving, but the majority conduct thorough research first and give to causes that are likely to drive systemic change, according to the Women's Philanthropy Institute at Indiana University. "Women can be powerful agents of change with their philanthropy, and their values and goals are often shaped by the societal experiences of being female," said lead researcher Elizabeth Dale. Read more from ThinkAdvisor.
“Half of US nonprofits at risk financially,” reads the introduction to a new, quite useful report. But one media headline reads “Half of US Nonprofits are on Financial Brink,” while another frets, “Most Charities Teetering on the Brink of Financial Peril.” The unfortunate practice of writing sensationalist headlines is once again visiting our sector, as this new report looks at the financial risk factors for nonprofits. The thing is, the sky is not falling—but the report is useful in suggesting where we might want to shore up our financial houses and in pointing out where to take action. Read more from the Nonprofit Quarterly.
Americans have more trust in nonprofits than any other sector, including the government and business, but that faith still fell from 58% in 2017 to 49% in 2018, according to Edelman's 2018 Trust Barometer. President and CEO Richard Edelman attributed the decline in public trust of institutions to "the lack of objective facts and rational discourse." Read more from the Pittsburgh Post-Gazette.
Research suggests that cultural identity is shaping the way people participate in and engage with their community and the organizations that shape them. To be truly responsive to the needs of a changing population, nonprofit organizations need to focus on addressing cultural incapacity, cultural blindness and gaps in multicultural representation in organizational leadership and program design. Read more from Generocity.
As the use of technology and databases has become standard practice in nonprofit organizations, all nonprofits need to implement appropriate security measures to protect the sensitive data of its constituents. Those of us in the field may like to think that nonprofit organizations are immune to cybersecurity risks; why would anyone want our data? The reality is, nonprofit organizations collect incredibly sensitive information about its constituents and donors, which can include social security numbers, credit card information, and medical information. Read more from Nonprofit Quarterly.
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