Pandemic Has Changed Giving Strategy for Many Rich People, and Some Plan to Donate More
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by Emily Haynes
One third of wealthy donors — 35 percent — expect to change their giving strategy over the next two years, according to a new study of high-net-worth investors. Of those who plan to change their strategy, 68 percent say they plan to increase their giving and 51 percent say they plan to contribute to more organizations. In March, the wealth-management firm BNY Mellon surveyed 200 adults with at least $5 million of investments, asking about how and why they give to charity.
More than two in five wealthy donors say they’ve changed their giving strategy since the pandemic began. That’s good news for fundraisers, as many wealthy donors reported giving more.
Giving was a key feature of almost all respondents’ wealth-management strategies, researchers found. Younger donors were most likely to say they thought about giving to charity as they planned their investments. Every Gen X supporter in the survey — 26 respondents ages 39 to 54 — said that, as did 97 percent of millennial donors, 29 respondents ages 23 to 38.
While philanthropy figured into most respondents’ wealth-management plans, just 27 percent said they primarily gave to charity to receive tax benefits. The survey asked respondents to rank 10 motives for giving from “not at all important” to “extremely important.” The biggest share of donors — 41 percent — said they gave to support causes and charities to which they had a personal tie. Thirty-seven percent said it was extremely important for them to give because it made them happy.
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To apply -- or not to apply -- for a grant
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by Kate Tewanger, senior consultant, Hedges
Leaders in the nonprofit sector often feel like they are on an endless search to find new grant opportunities to support their work and diversify the funders in their portfolios. When new opportunities become available or the opportunity to approach a new funder presents itself, it can be tempting to make program modifications to align with a funder’s priorities — particularly for ones that offer a significant financial investment in your work.
Nonprofits may consider expanding their geographic focus, changing who they serve, or adjusting how programs are delivered to align with a new funding opportunity. Modifying program delivery in pursuit of a potential revenue stream may seem reasonable. However, if your organization doesn’t have the capacity to make the changes and they aren’t part of your strategic plan or vision, this approach can lead to negative consequences, including the following:
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Grant rejection: Rejected grants are always disappointing. Submitting a grant proposal can be extremely time-consuming when you factor in the time it takes to create partnerships, develop strategies and tools to measure impact, and collect input from the community and stakeholders when making program modifications. Stretching the organization’s capacity to align with a grant opportunity can take time away from cultivating and pursuing opportunities that are better aligned with your mission
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Mission drift and poor outcomes: Redesigning or modifying a program to align with a funding opportunity can slowly drive the organization away from its mission. Potential modifications also can impact program outcomes. For example, a program designed to engage middle school students may not easily be adapted to meet the unique needs of high school students and will likely result in undesirable outcomes.
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Episode 6: Join Sheri Finnell, editor of the Not-for-profit News, in this interview with Tony Mason, president and CEO, of the Indianapolis Urban League. The Urban League in overseeing a $100 million initiative, funded by the Lilly Endowment that focuses on numerous challenges facing the city’s African American community. Tony talks about the work of the initiative, and why it will take a massive effort from local nonprofits and businesses to reach the goal of racial equity in Indianapolis. Listen
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IndyHub announced that Al Carroll has been appointed as president and CEO and will assume his responsibilities in July. Carroll currently serves as senior account executive at Codelicious.
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Girls Inc. of Wayne County has named Tai Muldoon as executive director. Muldoon most recently was assistant director of development at the Ivy Tech Foundation. - Inside Indiana Business
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Ashley Burns has been announced as new president and CEO of the Indiana Diaper Bank. Burns started as a volunteer with the Indiana Diaper Bank in 2018 and then became a board member.
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Renew Indianapolis announced that Ben Harris has been promoted to assistant director of real estate development. Harris most recently was senior real estate manager.
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The STEM Connection has hired Ruth Wolff as administrative coordinator. Wolff was previously office manager at Allisonville Christian Church.
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EmployIndy has hired Jamey Applegate as director of the Good Wages Initiative. Applegate most recently was senior director of social innovation at United Way of Metropolitan Dallas. – Inside Indiana Business
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Early Learning Indiana and Christel House Indianapolis celebrated the grand opening of a new early childhood education center — Day Early Learning at Manual — on the south side of Indianapolis. Christel House has invested in turning the previous Emmerich Manual High School facility into a community-serving campus for traditional K-12 students and adults seeking a high school diploma. United Way of Central Indiana’s $1 million matching grant from its Capital Projects Fund helped make the project a reality. Read more
The Arc of Indiana Foundation is pleased to share that J.A. and Elizabeth Lacy have committed $350,000 in support of Erskine Green Training Institute (EGTI) and its mission to provide opportunities for postsecondary vocational training for people with disabilities that empower and lead to meaningful employment.
CareSource announced a $4,500 donation to The Milk Bank to sponsor 1,000 ounces of human milk as part of the organization’s Give an Ounce campaign to increase access to adequate infant nutrition while the country is experiencing an unprecedented shortage of infant formula. Read more
Do you know an up-and-coming global leader in Indiana? Nominate them for the Global Impression Award, The International Center's unique award to celebrate and honor emerging Hoosier leaders who are making a big global impact. Nominate
Subscribe to the Not-for-profit News podcast. Join us to meet local nonprofit leaders and hear them share the latest updates about the Central Indiana Nonprofit community. You’ll gain new perspectives, insights, and pathways to carry out your mission and increase your impact. Choose your favorite way to listen to a podcast and subscribe.
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Lead with Purpose is a nonprofit board training program designed to prepare board members for more effective board service presented by Hedges, Katz, Sapper and Miller, Faegre Drinker and First Person-NFP. For limited time, a buy-one-get-one deal is available so that two representatives of the same organization can participate together. Learn more and register for Part 1, Part 2, individual sessions, and the entire series
Find existing data webinar on June 7 from 9-11 a.m. We will cover the strengths, weaknesses, and costs of readily available data sets. Presented by SAVI Data Literacy. Cost: Free. Register
SAVI Talks: Who is in the Marion County jail? Exploring length of stay on June 16 from 9-11 a.m. Between 2015-2017, the total jail population across Indiana rose by one third and overcrowding became more common. Presented by SAVI Data Literacy. Cost: Free.
Join the What I’ve learned from serving on a nonprofit board discussion on June 21 from 12-1 p.m. We will talk with people who have served as board members for organizations of varied sizes, scopes and missions about how they have impacted the causes they care about. Presented by AES Indiana and Leadership Indianapolis. Cost: $10. Register
Get on Board, live and in-person event on June 28 from 4:30 – 6:30 pm at Newfields, 4000 N Michigan Rd. Meet nonprofits looking for board, committee and volunteer talent. Admission includes refreshments and free entry to explore Newfields beginning at 3 p.m. Presented by AES Indiana and Leadership Indianapolis. Cost: free. Register
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Special Olympics Indiana is in need of volunteers, high-school age and up, for summer games, June 17-19 in Terre Haute. Each volunteer shift lasts four to five hours, and volunteers may choose as many as their schedule allows. On-site training is provided, and no prior knowledge is necessary. For additional details, please contact Savannah Vaughn or Kevin Aders
Eagle Creek Park Foundation needs volunteers to work at the Earth Discovery Center. Contact Blair McKissock blair@eaglecreekpark.org or (317) 327.7116.
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The pandemic and some who delayed their departures are preparing to exit in the near future, but stiff competition and higher salary expectations are creating a challenge for the organizations working to fill those roles.
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Each member of the board of directors plays a key role in the success of an organization, both in terms of governance and support. Learn the expected level of participation from board members in four core functions.
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Our sponsor marketplace serves to further connect our readers with our advertisers who are focused on serving nonprofits. To learn about each sponsor's nonprofit services, click on its logo.
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FUND DEVELOPMENT
STRATEGIC PLANNING
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BANKING/
ASSET MANAGEMENT
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Coworking memberships
Nexus offers monthly memberships in a shared coworking space that includes free meeting room credits, printing and coffee and access to high-speed internet. Members also have the opportunity to engage with other small business owners and nonprofits. Memberships start at $59/month for lite memberships up to $149/month for a dedicated cubicle. Explore your options
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NEW JOB BOARD NOW LIVE!
“I opened a new account yesterday and posted a job. It was an easy process! I appreciate this, so we can post every time we need it.”
Post your openings on Charitable Advisors’ new job board. We have transitioned to a more streamlined platform for job postings. Use the coupon code 75OFF to get a $75 discount on any job ad placed between now and May 20. View this video to learn how to set up an account and place your first job. You also can preview this step-by-step guide. If you’re seeking a new career, create an account and apply for a job here.
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Executive Leadership (CEO/ED/COO)
Fund Development/Marketing/PR/Advocacy
Admin Support/Clerical
Finance/Accounting/HR/IT/Facility
Data/Research/Quality Assurance
Programs/Program Support
Internships/AmeriCorps/VISTAs
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