The donor-grantee dynamic is essentially a platonic courtship that is subject to the same quaint but essential norms that govern any successful relationship: courtesy and engagement. Two recent experiences inspired me to pen a short list of things nonprofit representatives should keep in mind when meeting with potential donors. These tips apply to any meeting with a donor, but they are especially important for first meetings. Read more from The Chronicle of Philanthropy.
At a time when only 61.3 percent of Americans are white, about 84 percent of nonprofit board members are in that demographic group, along with 90 percent of nonprofit board chairs. When BoardSource, which strives to improve nonprofit management, released this data in 2016, it predicted little progress: “Despite reporting high levels of dissatisfaction with current board demographics — particularly racial and ethnic diversity — boards are not prioritizing demographics in their recruitment practices.” Read more from The Conversation.
Now that the new tax law has been passed, nonprofits must be prepared for a flurry of tax changes at the state and local levels, write Tim Delaney and David Thompson of the National Council of Nonprofits. "We anticipate attempts will be made to reconfigure state and local tax laws in ways that lead to new levies on tax-exempt entities, such as additional fees, payments in lieu of taxes on nonprofit-owned real estate, penalties on nonprofit salaries seen as overly high, and excise taxes on some endowments," they write. Read more from The Chronicle of Philanthropy.
Are you providing your new board members with the tools they need to succeed? This orientation checklist provides a list of important information and materials you should share with incoming board members to ensure they are prepared for board service. Download the checklist from BoardSource.
Most people think of charitable donations as happening in one of two ways. People decide how much they want to donate, then select a charity that will be the recipient of the funds. In the other scenario—one only available to the wealthy—a donor can take their money and set up their own foundation. There’s also a third way that combines the first two approaches: It’s called a donor-advised fund. Read more from The Atlantic.
Do some charity causes pay better than others? For top fundraisers, the answer is "absolutely." The Chronicle analyzed pay for top development executives at more than 500 large nonprofits. Nearly three dozen fundraisers at hospitals and private colleges made at least $500,000 a year. By contrast, we didn’t find a single development official at a religious organization or a United Way whose pay topped $300,000. Read more from The Chronicle of Philanthropy.
When joining the board of a nonprofit organization, you take on a set of responsibilities and duties defined by law. In addition to being attentive to programs, finances, and fundraising, nonprofit board members must understand the regulatory environment in which their organizations operate. Read more from Board Source.
The United States Senate wheeled and dealed Friday night into Saturday morning, voting 51-49 in favor of the most sweeping piece of tax reform in over 30 years. When nonprofit leaders woke up Saturday morning, if they had in fact even gone to bed, few liked what they saw. The end result, from a charitable organization perspective, was much of the same as had been seen in recent weeks. Read more from The NonProfit Times.
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