Practical and Helpful Tips: Funds

Get to Know Who Will Give to Your Nonprofit Organization! The good that is done by most philanthropic organizations cannot be understated. There are needy people all over the world who greatly benefit from the work that philanthropic organizations do. One notable example of really impactful nonprofit organizations on the planet is the Salvation army. This organization receives donations from well wishers and uses them to serve people who are in distress in the 109 countries in which it has a presence. The largest donors in the Unites States gave 5.6 billion dollars in 2016 to Nonprofit organizations,according to The Chronicle of Philanthropy. A downward trend of donations is notable though,with the years 2014 and 2015 receiving lower amounts than had been received previously. 16 of the donors on the Philanthropy 50 list had made their money in finance,while the first four positions were taken by companies in the technology field. It is noteworthy that 9 of the 50 biggest donors on the list accounted for 20% of the total amount raised towards philanthropy. We have learnt who in general gives towards philanthropy,and now it is about time we got to know who receives all these funds. Discover who received the 5.6 dollars given away in 2016. Colleges and Universities got almost half of the 5.6 dollars given by the donors on the list. This is probably because some of these individuals had graduated from such colleges and felt like they needed to give back to these learning institutions which had enabled them to become so successful in life.
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Most of the philanthropists are likely to have some interest in art. 293 million dollars of the dollars given went to museums!Can you believe that 293 million dollars were given to museums? Two museums in the United States got a total of 175 million of the donations. The Los Angeles County Museum was the recipient of 75 million dollars of the 175 million that went to museums,while New York Museum of Modern Art secured the remaining 100 million dollars.
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If you run a nonprofit organization and would want to know if these big givers ever think of organizations such as yours,you are hereby reliably informed that DAFs(Donor-Advised Funds)received at least 328 million dollars. Some wealthy people prefer to hand over their gifts to public charity as regularly as they may want but they retain the mandate to give instructions as to who the recipient of their gift will be. This arrangement is a win-win one,where the donor gets to enjoy immediate tax benefits that arise when one donates to a charitable organization and nonprofits benefit by receiving these donations if they happen to be the recipient of choice of these wealthy donor. Having a good rapport with the public charity is a good idea as there is chance that some of the donors may ask for recommendations on the charities to receive their gifts.