News & Articles
The effective management of insurable risk is critical to the financial health of a nonprofit. The traditional lines of insurance of General Liability, Property, Business Auto, Workers Compensation, Directors and Officers and Excess Liability are commonly included in the insurance business plans of nonprofits.
The director of facilities at the Woodruff Arts Center in Atlanta pleaded guilty in April 2013 to embezzling more than $1.1 million from the nonprofit. According to the Federal Bureau of Investigation, former employee Ralph Clark stole the money from the visual and performing arts center by submitting invoices for bogus expenses, picking the checks up in person, and then depositing them into accounts over which Clark had signatory authority.
Investors raised $13.5 million and could see an annual return of more than 12 percent. It’s not the latest Initial Public Offering (IPO) of a sexy stock such as Facebook or Twitter. The funding will expand an employment program for recently released prisoners in New York. The potential returns would be generated from state and federal grant funds, if certain benchmarks are met.
Raising philanthropic support from private sources has taken on a new role at colleges and universities as support from states continues to dwindle at the same time that costs rise.
Grantseeking is not for the faint of heart. Since most grantmakers receive far more proposals than they can support, there’s a fair amount of rejection involved. “You can’t take it personally,” said Holly Thompson, contributing editor for The Grantsmanship Center in Los Angeles, Calif. “You’ve got to learn what you can from rejection and cultivate a positive, persistent approach.”
Auctions at fundraising galas can be a snore. They can also interrupt a meal, however rubber the chicken might be. Whether it’s a traditional bidding auction, a silent auction where bids are written down or new mobile bidding, if you don’t have great items, you’re not going to get premium dollars.
The Institute for Philanthropy and The Philanthropy Workshop West legally merged to become The Philanthropy Workshop (TPW), effective March 1.
The Walt Disney Company will no longer support the Boy Scouts of America (BSA) after next year due its ban on gay adult volunteers. A memo from Boy Scouts Central Florida Council board President Robert Utsey to leaders and parents announcing the decision was obtained and posted by Scouts for Equality, an organization that seeks to change BSA’s policies on gay members.
Seven months after acquiring two companies to expand its presence in the United States, FrontStream Payments, Inc. has added another firm to its stable. The Reston, Va.-based company announced the acquisition of TRUiST, a Washington, D.C.-based firm focused on corporate social responsibility and employee giving campaign processing.
Auctions at fundraising galas can be a snore. They can also interrupt a meal, however rubbery the chicken might be. Whether it’s a traditional bidding auction, a silent auction where bids are written down or mobile bidding, if you don’t have great items, you’re not going to get premium dollars.