Two of the two largest data and information nonprofit organizations in the United States announced a merger on Feb. 1. The Foundation Center and GuideStar will become Candid after almost two years of discussions on a merger that has its origins at least a decade in the making.
Brad Smith, president of the Foundation Center, will be president of Candid, and Jacob Harold, president of GuideStar, will be executive vice president. The two joined the Fresh Research podcast for the inside story of why the timing was right for a merger, what to expect over the next few years, and what they’ve learned in the process.
The Foundation Center was launched in 1957 and GuideStar in 1996. The organizations’ combined revenue in Fiscal Year 2017 was $36.5 million with the projection to be roughly $38 million for Fiscal Year 2019. There are no layoffs expected among the combined 210 employees.
“In the short-term, the changes are surface level. You see on both of our respective legacy websites we’ve added ‘by Candid,’ as an indication that we’re part of something bigger,” Harold said during this month’s episode. “Many years down the road, it’s going to be profoundly different, and we’re going to be integrating multiple streams of data, multiple tools and services, trying to make it global. The experience of the data will be quite different. And our challenge is to navigate between that short-term stability….and our ability to change toward the long term,” he said.
“This always was and always has always been an initiative driven by the two organizations,” Smith during the 20-minute episode. “This was never driven by a funder. And both Jacob and I worked in foundations and I think we have a few of those on our watch, a few shotgun weddings. This was not a shotgun wedding.”
Waiting a month to ask for a gift decreases the likelihood of a donation by 30 percent. That’s according to research on positive reciprocity that looked at more than 18,000 donation solicitations by a university hospital system. “Field study of charitable giving reveals that reciprocity decays over time” was published by Judd Kesssler, associate professor […]
Donor-advised funds (DAF) have become one of the fastest-growing vehicles for philanthropy in the past decade. They also have become a lightning rod in the debate about charitable giving, described by skeptics as a “Wall Street takeover of charity.” Other critics argue that that donors can receive a tax deduction for contributions to their DAF account but the […]
Two of the two largest data and information nonprofit organizations in the United States announced a merger on Feb. 1. The Foundation Center and GuideStar will become Candid after almost two years of discussions on a merger that has its origins at least a decade in the making. Brad Smith, president of the Foundation Center, will be president of Candid, […]
More charitable giving than ever is coming from high-income households while the donor universe has been shrinking for years. Those are some of the concerns identified in “Gilded Giving 2018: Top Heavy Philanthropy and Its Perils to the Independent Sector and Democracy.” Chuck Collins directs the Program on Inequality and the Common Good at the […]
Part 1: Robert Grimm & Nathan Dietz Where are America’s volunteers? That’s literally the question posed, and answered, by a new study from the Do Good Institute at the University of Maryland’s School of Public Policy: “Where Are America’s Volunteers? A Look At America’s Widespread Decline in Volunteering in Cities and States.” Robert Grimm, director of the Do […]
Part 1: Libbie Landles-Cobb Only about half of nonprofits surveyed agreed that their executive team communicates to others. Two-thirds agreed that their teams focus on the right work or use their time effectively. Now, that’s not Michael Scott-level executive management but it could use some work. The Bridgespan Group has come up with what it calls […]
Your browser does not support the audio element. Part 1: Jason Coupet and Jessica Haynie Nonprofit overhead seems to be the most popular way to evaluate nonprofits, although even watchdogs that made program and expense ratios a focus are trying to come up with other ways to measure an organization’s effectiveness. Jason Coupet, assistant professor […]
Your browser does not support the audio element. Part 1: Rebecca Nesbit and Laurie Paarlberg Hardly a day goes by when someone isn’t questioning whether there are too many nonprofits in the United States. True, there are more than 1.5 million organizations, twice as many as two decades ago, but a group of researchers looked […]
Your browser does not support the audio element. Some 10,000 Baby Boomers will turn 65 every day for at least the next decade, and those older than 65 already represent about 15 percent of the total population. With that in mind, the Women’s Philanthropy Institute (WPI) released “How Women & Men Give Around Retirement” to help the […]
Your browser does not support the audio element. Online fundraising trends continue to point to growth within mobile, so it’s not a surprise to see another study confirming what’s been happening of late. “The State of Modern Philanthropy: Examining Online Fundraising Trends,” from San Diego, Calif.-based Classy, examines data from more than 3,500 organizations and more than […]
Your browser does not support the audio element. A flurry of natural disasters, a booming stock market and strong economy, and more mega gifts all contributed to another record year for charitable giving in 2017. Charitable giving in the United States hit another record, cracking the $400 billion level for the first time ever. Giving […]
Your browser does not support the audio element. The M+R Benchmarks Report has become one of the most anticipated studies of the year. For more than a decade, it has tracked trends and data for nonprofits, ranging from email open and response rates to social media and mobile fundraising. This year’s study collected data from 154 nonprofits about […]
Conventional wisdom has always suggested that a nonprofit make a clean break from its founder, to avoid the dreaded "Founder's Syndrome" but according to research by Jari Tuomala and Donald Yeh of The Bridgespan Group, organizations can benefit when they carefully plan an extended role for founders who step down. The largest generation since the Baby Boomers has finally come of age, with the oldest now approaching 40 and the youngest in their mid-20s. Derrick Feldmann has been studying millennials for almost a decade. He's founder of The Millennial Impact Project, which puts out an annual study of millennial cause engagement that examines "the subject through a new lens each year since 2008." The latest research is the 2017 Millennial Impact Report: "An Invigorated Generation for Causes and Social Issues."
Digital leaders on senior nonprofit management teams can make a huge difference. So why doesn’t every organization do it? That’s part of the discussion with Jason Mogus, principal strategist at NetChange Consulting, and Austen Levine-Coon, digital organizing director of Planned Parenthood Federation of America. They surveyed 80 advocacy organizations about their digital teams and programs. Some of the results may surprise you and there are a few new trends since the 2014 results.
Ron Sellers of Grey Matter Research talks about donor perceptions of nonprofits based on their size and Elizabeth Dale discusses the motivations and giving strategies of high net worth women.