One-third of donors directed half their giving to disaster relief
May 21, 2022 From: Philanthropy News Digest – Candid Last year, 37 percent of American donors gave half or more of their charitable contributions to disaster relief efforts, and 64 percent gave to a charity they had never supported...
Detroit Pistons owner Gores says he’ll commit $100 million to envisioned charity
June 02, 2022 By Kurt Nagl – CRAIN’S Business Detroit Detroit Regional Chamber Mike Tirico interviews Tom Gores on Thursday at the Mackinac Policy Conference. Detroit Pistons owner Tom Gores said he will commit $100 million and create a...
JPMorgan Says Bitcoin Is Undervalued By 28%, Cryptocurrencies Are Now A ‘Preferred Alternative Asset’
May 25, 2022 From: Forbes, Nina Bambysheva – Forbes Staff GETTY Despite the crypto slump, banking giant JPMorgan says bitcoin is massively undervalued. Maintaining its estimate of bitcoin’s fair value at $38,000, the bank today reiterated the assessment it gave the...
Pandemic Has Changed Giving Strategy for Many Rich People, and Some Plan to Donate More
By: Emily Haynes – May 23, 2022 – The Chronicle of Philanthropy 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...
Giving Cash Directly to People in Need Is a Growing Trend, as Evidence Shows It Works
By: Kristen Griffith – May 6, 2022 – The Chronicle of Philanthropy GIVEDIRECTLY GiveDirectly plans to launch a guaranteed-income program in Atlanta’s Old Fourth Ward neighborhood. Charitable efforts that give cash directly to people in need so they can do whatever...
Online Giving Increased 3% in 2021 After Far Stronger Gains in 2020, Study Shows
By: Dan Parks – May 4, 2022 – The Chronicle of Philanthropy ALEJANDRA VILLA LORACA, NEWSDAY RM, GETTY IMAGES Online giving to nonprofits increased by an average of 3 percent in 2021, according to a new study by M+R,...
As the Economy Contracts, Fundraisers See Another Reason to Worry
By: Dan Parks – May 4, 2022 – The Chronicle of Philanthropy Worrisome economic developments that could hurt fundraising continue to proliferate as inflation drags on, the stock market swoons, and new data shows that the economy contracted in...
Some Funders Are Embracing ‘Trust-Based Philanthropy’ by Giving Money Without Lots of Obligations
By: Emily Finchum-Mason, University of Washington – May 10,2022 – The Chronicle of Philathropy KLAUS VEDFELT, GETTY IMAGES With most foundations, the board of directors, and top executives set all funding priorities. Nonprofits seeking money from those funders, in turn, must demonstrate...
3 Grant Makers Give $20 Million to Establish the Detroit Home Repair Fund
By: M.J. Prest – May 11, 2022 – The Chronicle of Philanthropy ANTRANIK TAVITIAN, IMAGN DTE Energy, Gilbert Family Foundation, and ProMedica have committed $20 million to establish the Detroit Home Repair Fund, which will make grants to 1,000...
Bill Would Establish Nonprofit Office in the White House
By: Dan Parks – April 27, 2022 – The Chronicle of Philanthropy ANGELA N., WIKIMEDIA COMMONS More than 500 organizations have endorsed the idea of a permanent White House office focusing on the nonprofit field. Bipartisan legislation introduced in...