Revenue for the nation’s largest nonprofits has continued to recover since the recession, backed by a slow but steady return for donations last year and buoyed by more gains in investment income and continued growth of program service revenue. Total revenue for organizations in the 2014 NPT Top… Read More »
West Virginia voters will head to the polls on Election Day (Nov. 4) faced with a question of whether to allow nonprofit youth organizations that build $100-million facilities to be exempt from property tax. The ballot question to amend the state constitution would affect just one property and organ… Read More »
The tax-exempt sector in the United States represented 5.4 percent of the nation’s gross domestic product (GDP) during 2012, contributing $887.3 billion to the economy. And of those tax-exempt entities, 501(c)(3) public charities accounted for slightly more than three-quarters of the sector’s re… Read More »
Engaging the nosy neighbor and the fact that people between ages 32 and 49 need to be social and connected has propelled a hospital foundation that targeted nothing but estate planning into potential million-dollar gifts. Brett Beck and Renae Waestman-Furlow told attendees at the Association For … Read More »
Real transformation can be a nauseating experience. It probably should be gut-wrenching. And the phrase thinking out of the box has created a new box without actually looking at the nature of the box. The “puritanical” idea that philanthropy assuages guilt holds charities back from transforming … Read More »
Wealthy donors appear to be getting more optimistic, with more of them expecting to give more to charity during the next three to five years, according to the 2014 U.S. Trust Study of High Net Worth Philanthropy. Released today, the study has been written and researched in partnership with the India… Read More »
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Schwab Charitable has made 55 percent more grants from its donor advised funds (DAFs) from the start of the organization’s July 1 fiscal year through the end of September than it did in the same three-month period in 2013. The total for this fiscal year, to date, is $201 million.
Russel Brace, former president of United Mid-Coast Charities (UMCC) in Camden, Maine, has been accused of embezzling $3.8 million from the nonprofit. He faces a civil suit from the organization, but he might have more bad news coming. According to an affidavit filed by Brace’s attorney Peter DeTroy, the ex-executive is the subject of a federal criminal investigation and charges are expected, though they have yet to be filed.
Last year it was the Unselfie. Now, the nonprofit sector is awaiting the next big surprise #GivingTuesday has in store next month.
Pam Kohl, executive director at Komen North Carolina Triangle to the Coast (Komen NCTC), a Susan G. Komen for the Cure affiliate in Raleigh, N.C., wanted to rely less on race revenue. She was seeking easy ways to engage supporters when she stumbled upon online retail behemoth Amazon’s AmazonSmile program.
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