News & Articles
The former chief operating officer (COO) of an Anchorage, Alaska substance abuse and education advocacy nonprofit has been arrested for allegedly stealing more than $60,000 from the organization over three years.
The dog and pony show on Capitol Hill, commonly known as a hearing regarding the charitable deduction called by the House Committee On Ways and Means, was an irritating exercise that was pretty much worthless. It was so without value that the committee’s ranking member, Rep. Sandy Levin (D-Mich.) called the discussion an “important, but not very immediate topic.”
Amy N. Danforth was appointed president of Fidelity Charitable®, an independent public charity with a donor-advised fund program. Danforth spent more than five years as senior vice president of marketing and program for Fidelity Charitable, with responsibility for setting and executing strategy for marketing, analytics and research, investments and program management.
First, the good news: peer-to-peer fundraising runs, walks and cycling events are still a billion-dollar-plus industry. Total revenue for the top 30 event series in 2013 was $1.667 billion. The bad news is, those events are collectively down $44.198 million, or 2.58 percent, from 2012’s $1.711 billion.
Despite financial pressure from reductions in government funding and duplication of services, the overall rate of nonprofit mergers remained unchanged during the past decade according to a new study by the Bridgespan Group.
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Faced with a higher volume of grant requests, tighter giving budgets, and narrowed fields of interest, foundations are focusing on impact. “They want results,” said Holly Thompson, contributing editor for The Grantsmanship Center in Los Angeles, “and in making funding decisions, they’re assessing the potential return on investment (ROI) their grant dollars will produce.”
GuideStar, the nonprofit that compiles annual tax forms and other data of nonprofits, held its first-ever “impact call” to share financial results for 2013 and its future goals. The Williamsburg, Va.-based organization stabilized finances after the recession, improving cash flow in the past two years and reducing expenses by $1.7 million.
A gift from the Charles Stewart Mott Foundation will fund a new faculty chair at the Indiana University Lilly Family School of Philanthropy in Indianapolis, Ind., that will focus on community foundations. It is believed to be the nation’s first chair focused specifically on studying and teaching about community foundations, according to the school.
The national volunteer rate continued to climb last year, with more than one in four adults volunteering through a nonprofit organizations and a total of 64.5 million Americans contributing almost 7.9 billion hours of their time.