News & Articles
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.
Every now and then there’s a board of directors that — how can this be written diplomatically — doesn’t seem to get it. This doesn’t happen often, but when it does it’s never a pretty sight. Usually the not-getting-it board seems to be paying attention, and its members really do want the best for their organization, but somehow or another “the best” never seems to happen.
Volunteers with a direct, personal connection to the work of an organization are often conspicuous by their absence, particularly in human service agencies. These are recipients of service, their families and friends, or people in the facility’s immediate neighborhood. These are the folks the staff serves, and therefore are not always recognized as a source of talent.
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.
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.
You’ve worked hard. You’ve stayed late. You’ve been a team leader. And, finally, you’ve gotten that promotion. Now what? Build that team, train those new hires, push all the papers, and create great results. It’s significantly different than the job you used to do.
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 organization: the Boy Scouts of America (BSA) and its Summit Bechtel Family National Scout Reserve in Fayette County.
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 revenue ($1.65 trillion) and expenses ($1.56 trillion) and more than three-fifths of nonprofit assets ($2.99 trillion) during 2012.