Get to Know Who Will Give to Your Nonprofit Organization! Everyone clearly understands the importance of having philanthropic organizations around. 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. The Salvation army,which has a presence in 109 nations spread across the world is a recipient of generous amounts of donations from wealthy individuals and organizations,which it employs to address needs in various parts of the world. The Chronicle of Philanthropy reported that the biggest U.S based donors gave a total of 5.6 dollars towards philanthropy in the year 2016. The years 2014 and 2015 recorded a drop in philanthropic donations though. 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. Fund raisers working for nonprofits would naturally want to know where all this giving goes. Continue and discover who received all these donations given last year. Colleges and Universities got almost half of the 5.6 dollars given by the donors on the list. It is possible colleges and universities benefited most from the donations because some of people on the donors list had been students of those organizations.
Smart Ideas: Donors Revisited
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? 175 million dollars of the donations found home in two museums located in the United States. 75 million dollars went to The Los Angeles County Museum of Art while 100 million of the gift benefited New York’s Museum of Modern Art.
Smart Ideas: Donors Revisited
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 is a beautiful arrangement that lets the wealthy giver save a lot of money through taking advantage of certain tax laws that allow donations given to public charity to be deducted from the taxable income of the person or their company,and at the same time,build a fund that keeps nonprofits doing what they do best-bettering the lives of their communities. When you sit down at the next board meeting to strategize on who to approach for funding,think of public charity who might put in a good word for you to the donors.