News & Articles
Asset growth for community foundations slowed between 2010 and 2011, but still increased. Assets grew 8 percent last year, as opposed to 13 percent in 2010. For almost two-thirds of community foundations, asset levels were higher in 2011 than the previous high water mark of 2007.
Do you have the ambition and experience to fill one of the more coveted nonprofit positions out there? If so, then you will be pleased to know that the McHenry Community Foundation is looking to hire a new President/CEO.
The head of a Washington, D.C.-based nonprofit pleaded guilty to lying about her 2009 tax returns and is cooperating with prosecutors in their investigation of former D.C. councilman Harry Thomas Jr.
For years, fundraisers have been searching for the answer to a question that is the nonprofit equivalent of the Holy Grail: Why do donors give?This is one of those questions that truly doesn’t have a single right answer. Every donor who you talk to will likely give you a different reason for they decided to give money or other gifts to an organization. That doesn’t mean people have given up trying to come up with a concrete answer to the question. Larry C. Johnson, author of “The Eight Principles of Sustainable Fundraising,” thinks he has the answer: People give because they want to.It may not be the profound answer that some in fundraising are looking for, but it does have some weight behind it. There is no denying that you can’t force someone to give if they don’t want to.In a study by the Center on Philanthropy at Indiana University, “Understanding Donors’ Motivations,” the five most frequently occurring motivations for philanthropy were listed. They are:
These reasons are sure to spark debate among fundraisers. Let us know what your thoughts are, and whether you have found a different answer to this intriguing question.
- To meet critical, basic needs;
- To give back to society by making the community a better place;
- A belief that those with more should help those with less;
- To bring about a desired impact or result; and,
- A request for money was made.
It’s hard enough to get a job in these difficult economic conditions. Don’t make it even harder by over-thinking yourself out of potentially good situations.
The Internal Revenue Service (IRS) revoked the tax-exempt status of almost 280,000 organizations last year but potentially missed more than 15,000 others, according to a report by the Treasury Inspector General for Tax Administration (TIGTA).
There are more and more Americans who are looking to get involved with media in some form. Whether it’s working at a TV station or doing work for an online company, this line of work has become more popular. Are you interested in this field as well? North Texas Public Broadcasting (NTPB) has just posted a position with NPT Jobs that is sure to interest you.
The New Hampshire State Senate is preparing to vote today on a bill that would require nonprofits and other groups to report the money they spend on state and national political races.
What could possibly be bad about a nonprofit having a large surplus of cash? According to Lesley Rosenthal, author of “Good Counsel,” there’s a perfectly good reason why it’s not necessarily a good thing to have too much money in reserve.Rosenthal wrote that, while it’s always a good thing to have some money saved up, nonprofits need to make sure there isn’t too much. This is because a large surplus could indicate that the organization is not doing as much good as it could or should.This raises another question: How much surplus is appropriate? Rosenthal explained that this question can be answered by weighing financial and legal matters. She suggested four things to consider with your counsel:
- Insurance deductibles: Some organizations may carry insurance policies with sizable deductibles, where the policy does not cover attorneys’ fees or losses until they reach a certain size. Counsel should help the finance team understand whether coverages include or exclude defense costs, and whether these costs are necessary.
- Self-insurance: Some large nonprofits may self-insure for medical, casualty, and workers’ compensation claims. Organizations with self-insured exposure must establish liability funds to cover known claims as well as incurred but not reported claims and the costs of the defense.
- Pending threatened litigation: Counsel should be sure to update the finance staff on the status of these potential litigation matters, especially those for which insurance coverage or defense may not be available, and help calculate the material potential financial impact on the organization against which reserves should be held.
- Compliance with matching fund requirements: Counsel should coordinate with finance and fundraising staff about the terms of governmental or foundation grants that require matching funding. Together they should establish appropriate levels of reserves to make sure that matching obligations are met.
Professional development is one of the most important tools for your career advancement. When most people hear that term, they immediately think about graduate or continuing education programs. While these are all good ways to advance your career, there are a lot more ways to develop your career skills.According to James Weinberg, founder and CEO of Boston, Mass.-based Commongood Careers, heading back to school is only one of the paths you can choose when it comes to professional development. At a recent conference hosted by the Nonprofit Technology Network (NTEN), Weinberg listed seven other things you can do to advance your career: