This is Where Funding for Your Nonprofit Will Come From! Everyone clearly understands the importance of having philanthropic organizations around. Philanthropic organizations are known the world over for the great work they do in reducing distress and suffering among communities. One good example of a nonprofit organization that does a lot of good is the good old Salvation Army. The army receives donations from people of goodwill to bring some comfort and relief to many who find themselves in distressful situations. The largest donors in the Unites States gave 5.6 billion dollars in 2016 to Nonprofit organizations,according to The Chronicle of Philanthropy. There was a drop in the level of donations given between 2014 and 2015,and one hopes this trend will be reversed in the coming years. 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. Wouldn’t it be of great interest to fund raisers in nonprofit organizations to know where all these donations go? Read on to know where the 5.6 billion dollars went. 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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It appears like some of the truly wealthy really love art. 293 million dollars of the dollars given went to museums!Can you believe that 293 million dollars were given to museums? To be precise,175 million dollars worth of gifts was received by two museums 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 of the individuals on the donors list decide to manage their gifts through giving it over to public charity where they retain full rights as to who is the final recipient of such funds. This is a win-win situation where the donor saves thousands of dollars in taxable income deductions while giving an opportunity to organizations like yours to get the much needed funds to continue serving your community. 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.