Financial Services

Reducing the fundraising burden against operational expenses or minimizing the scale required of a capital campaign for physical improvements is possible. A new financial tool, recently deployed by both Volunteers of America Chesapeake and The Simon Foundation, demonstrates a capital conservation technique that can be utilized by countless nonprofit organizations throughout the U.S...

If you work for a U.S. charity, you might have noticed a positive change in affairs. Yep, donations have gone up in recent years. According to Giving USA’s most current report on philanthropy, annual charitable donations reached a new high of $390 billion in 2016, with individual giving increasing 4 percent across the board. That’s good news for everyone...

In this day in age, it’s crucial for a business to understand what goes into financial statements and how to properly report finances. And while, technically speaking, nonprofit organizations are not required to follow generally accepted accounting principles (GAAP), it doesn’t mean nonprofits shouldn’t...

You’re in a team meeting when lightning strikes: Your team just hatched the most incredible idea! It has the potential to answer all your problems, fix community issues and revolutionize your organization. It is so tempting to go out and try to raise money for it immediately. After all, who wouldn’t want to fund the next great idea?...

It’s clear: nonprofit organizations have very different accounting needs than for-profit companies.

Bitcoin investors and users have now donated $22 million worth of the cryptocurrency to a charitable trust run by mutual fund giant Fidelity Investments so far in 2017. According to new figures released by the company, Fidelity Charitable saw donations worth $11 million through November, a figure that has doubled since the start of the month, CNBC reports. Matt…

The stock market is up. Asking for gifts of appreciated stock should be part of your year-end giving approach. Start by letting your donors know that giving appreciated stock they’ve held for more than a year is better than giving cash. If they donate stock that has increased in value since it was first purchased over a year ago—and if they itemize deductions—they can take a charitable deduction for the stock's fair market value on the day they give it to your organization...

For the past 7 years, the National Philanthropic Trust has been closely following donor-advised fund trends by conducting in-depth research reports. While donor-advised funds have been around for over a decade, its popularity has been rapidly increasing over the past few years...

Here’s a question for you: Does location determine the level of donor generosity? When we think about our economy, we know that there are people who make a higher income in certain parts of the country and those who make a lower income on other parts of the country...

BitGive Foundation, a nonprofit organization, announced the launch of the beta version of GiveTrack, a blockchain-based platform that allows donors to donate bitcoin to charitable causes and track those donations in real-time. Connie Gallippi, founder of BitGive, made the announcement yesterday at Money20/20, a four-day payments and finance event in Las Vegas. “It is a…