High net worth individuals — those who own at least $1m in financial assets — are a major source of investment worldwide. This 10-million-strong global elite has combined assets of $40tn, according to the latest annual world wealth report published by Capgemini and Merrill Lynch.
Donors increasingly tell me they feel there are too many nonprofits and too much duplication and inefficiency in the service delivery system.
Foundations in the region have suffered substantial declines in their endowment assets during the last six months, a new survey indicates. But many of those foundations say they are seeking to maintain their current levels of giving.
For-profit executives use business models—such as “low-cost provider” or “the razor and the razor blade"—as a shorthand way to describe and understand the way companies are built and sustained. Nonprofit executives, to their detriment, are not as explicit about their funding models and have not had an equivalent lexicon—until now
In comprehensive new research of financial services professionals, 77 percent of respondents indicated the current economic downturn has had a significantly greater impact on their Boomer generation clients than any other generation. More positively, 73 percent said the downturn has made their Boomer clients more focused on financial planning (also more than any other generation).
Do you desire a beneficial partnership? Do you dream of having a partnership that will “get your organization’s name out there” in a good way? Are you looking to collaborate to increase your resources? If you answered yes to these questions, you are not alone.
Like many for-profit companies, charities are seeking help from the government, and they are upset that policy makers do not understand how much the recession has hurt them.
The nation's largest foundations only gave $1 out of $3 to benefit the economically and socially disadvantaged, according to the Criteria for Philanthropy at Its Best: Benchmarks to Assess and Enhance Grantmaker Impact, released yesterday by the National Committee for Responsive Philanthropy.
House Republican Leader John Boehner calls President Barack Obama’s proposal to limit high earners’ charitable tax deductions a “sharp blow to charities at a time when they are hurting during the economic downturn.”
A new Foundation Center research advisory, "Grantmakers Describe the Impact of the Economic Crisis on Their Giving," examines how foundations expect their 2009 giving to be affected by the economic downturn. The advisory looks at public statements made by more than one-third of the 100 largest U.S. foundations by giving and 35 other foundation and corporate funders that have described their plans, ranging from raising payout rates to reducing administrative costs to cutting programs altogether.
