First Citizens Bank, Raleigh, N.C., will make $16 billion in loans and investments available for affordable housing, small business and community development financing between 2021 and 2025. The community benefits plan was developed in conjunction with the Washington, D.C.-based National Community Reinvestment Coalition (NCRC). The plan is contingent upon the completion of a proposed merger […]

Between shopgoodwill.com’s launch in 1999 and September 2017, the online thrift store arm of Goodwill generated a total of $500 million in sales. During the three years and change since, shopgoodwill.com raked in another $500 million. In 2020, sales reached $171.3 million, a 22% increase compared to the previous year. That’s good news for 129 […]

Online donations doubled and mail-in donations spiked 49% as The Salvation Army raised more than a half-billion dollars this past holiday season. The Alexandria, Va.-headquartered charity announced Friday that it had raised $557.3 million during the 2020 holiday season, an increase of 27% over the 2019 campaign’s total $437.7 million. The iconic Red Kettle campaign raised […]

The Black Lives Matter Global Network Foundation (BLMGNF) generated $90 million in revenue $30 at a time during 2020, according to its Black Lives Matter 2020 Impact Report. The report offered a look at the finances and operations of the BLMGNF, as well affiliated organizations the Black Lives Matter Political Action Committee and Black Lives […]

COVID-19 and the shutdown have put the role of nonprofit boards in sharp focus. It’s a good time to reexamine your understandings and expectations of your organization’s board. What is it that boards actually do for a nonprofit? A good way to think about it is to remember the “required and elective” scheme. Boards are […]

More than 20 leaders from across the philanthropic, social and civic sectors launched Muslims in America: A Year of Learning for the Philanthropic Community. Inspired by an initiative led by Illinois’ indigenous community leaders which served as a turning point in philanthropic understanding and investment, this special launch event is hoped to accelerate the evolution […]

The Association of Fundraising Professionals (AFP) is the latest organization to sign on to an amicus curiae (“friend of the court”) legal brief to the Supreme Court of the United States, prepared by The Nonprofit Alliance, to prevent the disclosure of the IRS Form 990 Schedule B listing of a charity’s major donors and protect […]

Responding to the coronavirus pandemic, account holders at the National Philanthropic Trust (NPTrust) granted $4.47 billion to charities during 2020, an increase of 171% over 2019. Donors recommended 85,837 grants to nonprofits, across all 50 states and the District of Columbia, an increase of 37% compared to 2019. Grants increased in value and volume among […]

Colleges and universities were hit with increased costs due to coronavirus pandemic precautions just as revenue from enrollment dropped. As a result, many reached more deeply into their endowments to meet expenses during fiscal year 2020, which ended June 30, 2020, than they did in fiscal year 2019, according to the 2020 NACUBO-TIAA Study of […]

A fire ripped through the Hole in the Wall Gang Camp on February 12, destroying 30-year-old buildings dedicated to arts and crafts, cooking, creative writing and woodshop activities, as well as the camp store. The cause of the fire remains under investigation. Within a week the Ashford, Conn.-based camp, which was founded by the late […]

United Way Worldwide (UWW) installed the chair of its U.S.A. board, Neeraj Mehta, as interim president and CEO of the organization effective March 1. That’s the day current leader Brian Gallagher announced he will step down. Gallagher’s departure was announced on Feb. 9, a week after an investigation found that the Alexandria, Va.-based national office did […]