Bitcoin has been around for a decade. The user base tends to double every 1.5 years, regardless of upward or downward price movement.
In this episode of The NonProfit Voice, Nhu Te is joined by Eileen Heisman to discuss the current state of donor-advised funds.
AccuFund announced a reseller partnership agreement with EFPR Solutions.
Over the past year, when accounting consultants and analysts introduced the revenue recognition model outlined in the Financial Accounting Standards Board’s Accounting Standards Codification 606, most nonprofit leaders’ responses were, “What’s that going to do for our bottom line?”
Donor-advised funds are vital tools for donors. That’s especially true of those who are mid-range or major donors. Of course, that depends on the size and budget of the charity where they donate. It can take as little as $5,000 to open a donor-advised fund at Fidelity Charitable. Other companies, like Vanguard, open one for $25,000.
Just like donor-advised funds are growing, I foresee that recurring gifts from DAFs will grow as well. It’s yet another way for donors to support your organization on an ongoing basis. And the gifts are certainly nothing to sneeze at!
This question also came up at the recent sustainer workshop, and I know it’s something people struggle with, especially when you talk with your treasurers or finance folks. Monthly gifts are different from the major gift pledges most organizations are used to.