The term Corporate Social Responsibility (CSR) is becoming more and more common in the business community, but often there remains a question as to what it means. There are a lot of definitions. Some of them speak to the awareness of what we buy and how it is produced in the wake of increased globalization. Often it refers to the responsibility of companies to help make our communities better places to live, work and raise families.
Total charitable giving in the United States is expected to increase 4.8 percent on a year-over-year basis in 2015 and 4.9 percent in 2016, a report from the Indiana University Lilly Family School of Philanthropy and consulting firm Marts & Lundy finds.Based on an analysis of ten key predictors of giving, The Philanthropy Outlook: 2015 & 2016 (23 pages, PD
The Massachusetts Nonprofit Network, the state’s nonprofit trade association, today announced that Rick Jakious will resign as chief executive officer next month, three years after he joined the eight-year-old organization. Jakious will return to the government sector to serve as district director for U.S. Rep. Seth Moulton, who was elected to Congress last fall. Moulton represents the 6th Congressional District, where Jakious lives.
Culture trumps strategy. We all know the adage. So when a foundation is contemplating a more-ambitious communications strategy, what can it do to build a culture that will embrace that change?
Poor capitalization remains the norm in the nonprofit sector, despite the now common wisdom that long-term financial health is a means to mission fulfillment. Most nonprofits, regardless of sector, subsist on one to two months of working capital. Their leaders and supporters have become accustomed to this hand-to-mouth existence.
The giving sector deserves credit for many things, but efficiency is not always one of them. For as long as there have been foundations investing in worthy causes, there have also been critics rightfully pointing out the duplicative, even wasteful ways with which the business of grantmaking often gets done.
In my last piece for In Philanthrophy, I offered three recommendations for how grantmakers can overcome commonly held misconceptions about the role of money in strengthening nonprofit effectiveness. I encouraged funders to: support comprehensive capitalization planning, reward financial management practices that promote surpluses and savings, and consider seeding cash reserves as a source of funds for handling and taking risk.
The next time you’re inclined to pat yourself on the back for your company’s volunteer work — the murals painted, the community gardens planted, the vacant lots cleaned — think of Kathleen Walsh. She’s the chief operating officer at the YMCA of Metro North, which manages more than 1,000 volunteers a year at its seven facilities, and she sometimes breathes a huge sigh of relief when those do-gooders go home.
A recent national survey conducted by the Center on Nonprofits and Philanthropy at the Urban Institute on community foundations and IRA gifts provided some key insights on the IRA Charitable Rollover:
- It is a middle class giving tool,
- The majority of IRA gifts are under $25,000, and
- Community foundations have lost or had gifts reduced as a result of the uncertainty of the tax extenders being renewed.