State Gives Birth To 23-Year-Old (Tax Break)
The NonProfit Times
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16h ago
You might forgive Massachusetts nonprofit leaders for thinking they might be waiting for Godot. The Bay State’s universal charitable deduction was overwhelmingly passed by voters in 2000 before being paused amid economic concerns two years later. The measure was on the cusp of returning in 2020 just as the pandemic hit and the tax break was paused again. As of January 1, finally, the state char ..read more
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Foundations Lost $250 Billion, Payouts Expected To Drop
The NonProfit Times
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16h ago
U.S. foundations had a 15.5% decline in asset values during 2022 as equities markets plummeted, portending what is likely to be a commensurate drop-off in giving to nonprofits during 2023 and possibly longer. U.S. foundations lost nearly $250 billion from investment portfolios year-over-year, which fell from a record high of $1.3 trillion at the start of 2022 to $1.06 trillion at the end of the y ..read more
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From Davos: One-Third Of The World’s People Without Internet
The NonProfit Times
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16h ago
Data and artificial intelligence (AI) can be a high-impact tool for public good with the potential to counter rising inequality, climate change, threats to democracy and public health, and other global challenges. Harnessing these tools to their full capacity will require investing in a diverse global workforce of skilled data practitioners, while overcoming funding challenges and a digital divid ..read more
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DAF Schwab Charitable Donors Distributed $4.7 Billion in 2022
The NonProfit Times
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16h ago
Users of Schwab Charitable’s donor-advised funds (DAFs) recommended more than $4.7 billion in grants, including 995,000 grants to more than 117,000 charities, during 2022. The dollar figure represents a 7% increase -- nearly $300 million -- allocated for nonprofits compared with 2021. Each month’s total distributions during 2022 surpassed those of the comparable month in 2021. The growth in d ..read more
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Perp Walk: Former NPO Leader To Plead Guilty
The NonProfit Times
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16h ago
The former leader of an anti-poverty nonprofit in Hollywood, California that closed after hundreds of thousands of dollars went missing faces a decade or more in federal prison. Dixon Slingerland, agreed to plead guilty to embezzling and failing to pay taxes on more than $600,000 he stole from the organization he led for more than two decades. Slingerland, who spent 23 years as president and CEO ..read more
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IRS Clarifies Qualified Appraisal Requirements for Cryptocurrency Donations
The NonProfit Times
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16h ago
In a memo regarding cryptocurrency (CCA 202302012) released on January 10, the Office of the Chief Counsel of the Internal Revenue Service (IRS) provided two important reminders for both donors and charities regarding qualified appraisal rules governing cryptocurrency contributions. According to Aaron Fox, a partner with Marcum LLP, a qualified appraisal is required for donations of cryptocurrenc ..read more
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The Water, The Hose, and the Proposal
The NonProfit Times
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16h ago
It’s an often-used metaphor: funders want to pay for the water to put out a fire, but not the hose it takes to deliver the spray. The water might be specific programs or activities; let’s use the hose as a symbol of basic organizational systems -- administrative salaries, rent, utilities, supplies, technology -- the things it takes to keep the place open and running. This is generally thought ..read more
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Fannie Mae Awards $5 Million For Equity Housing
The NonProfit Times
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16h ago
Five nonprofits won a competition sponsored by Fannie Mae to partner on a $5 million nationwide initiative to advance racial equity through housing. More than 500 organizations submitted proposals to address barriers to Black homeownership -- including a lack of quality affordable housing, low credit scores, and credit invisibility -- by increasing the supply of housing and offering participants ..read more
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How to Leverage Data to Design Heart-Fueled Creative - Webinar
The NonProfit Times
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1w ago
Kevin Limongelli, Executive Creative Director at Data Axle, believes nonprofits should take a data-driven approach to their creative (artwork, design, and concept) in 2023 to make a deeper connection that can help you hit your fundraising goals. Data-driven creative means building creative based on learnings from your donor data and previous campaign data insights with highly personalized messagi ..read more
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The Power Of Data: 5 Ways to Maximize Your Nonprofit Programs
The NonProfit Times
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1w ago
Nearly every excelling nonprofit grows on the foundation of innovative idealism. However, the other integral aspect to these organizations’ successes is the careful planning that goes into the idea-implementation process.  Where many nonprofit managers fail is when these new ideas are presented and implemented without undergoing rigorous functional testing. At best, this results in wasted time ..read more
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