What Research About Funds Can Teach You

Get to Know Who Will Give to Your Nonprofit Organization! Everyone clearly understands the importance of having philanthropic organizations around. All philanthropic organizations are nonprofit outfits that earmark all their resources for serving communities round the globe. Salvation Army is a good example of an organization whose impact has been felt globally for years since its founding by William Booth. 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 50 donors list had accumulated their money in the finance industry.and Tech companies occupied the first four slots on the list. Interestingly,20% of the donations came from just 9 of the 50 donors. 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. Learning institutions such as colleges and Universities received about 50% of the contributions from the wealthy in the U.S. 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.
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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? 175 million dollars of the donations found home in two museums located in the United States. 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 fund raise for a nonprofit organization that is neither a college nor a museum,don’t lose hope,as 328 million dollars in 2016 was directed towards DAFs(Donor-Advised Funds) and your organization would have qualified for such! 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. It is a great idea to have a good relationship with the public charity office as they might happen to have one or two donors who approached them for recommendations on who to give their money to.