I had a nice email back-and-forth with a colleague the other day discussing a new trend she was seeing in the field. As the conversation wound down to a close, I wrote that I looked forward to seeing her at the Apra International conference (Pittsburgh! August 8-11!). She came back for one last reply, saying that after nearly 20 years of going, the vice president of fundraising was asking her for justification of the expense. [Read more…]
Except for the few of us who work at our main office in Watertown, most everybody at HBG works from home. One of the (many) nice things about that is that you can listen to podcasts without bothering anyone else in the office (except maybe your furry 4-legged office-mates). [Read more…]
As the HBG Book Club group read about tax-free zones called freeports last week in Jake Bernstein’s page-turner, Secrecy World, it was a perfectly-timed coincidence that this fascinating Planet Money podcast came out on that very topic. [Read more…]
The new EU data protection law, the General Data Protection Regulation (GDPR) comes into force on May 25th and it brings with it an entirely new set of rules that nonprofits world-wide – not just in the European Union – will have to abide by. I’m not seeing a lot of discussion about it here in the US fundraising community* and that concerns me. [Read more…]
Lately I’ve been thinking about the innovative ways that young entrepreneurs are actively engaging in philanthropy. As my colleague Elizabeth Roma writes, the philanthropy landscape is ever evolving and innovating and appears to be picking up the pace of change exponentially in recent years in what is being referred to as the New Gilded Age. Elizabeth touches on innovative philanthropic vehicles such as the Emerson Collective and the Chan Zuckerberg Initiative, as well as B-Corps and impact investing. [Read more…]
The Impact of Thanking Annual Fund Donors
When I was younger, my mother forced me to write thank you notes to anyone who had given me a gift for my birthday. It seemed like a chore at the time, but as an adult, I came to appreciate when I was thanked for sending a gift – and I certainly remembered those that never thanked me. Today, sometimes a simple “thank you” seems like a dying art.
As nonprofit organizations, it’s critical that we thank our donors promptly. That $25 annual fund donor could turn out to be a $25,000 donor in the future if he or she feels appreciated right from the start. But every organization sends a thank you letter. What if you took it one step further? [Read more…]
When we try to estimate a potential donor’s gift capacity, the fundraising tradition has been to use statistics from the IRS that show that, on average, Americans give around 2-5 percent of their income annually to charitable organizations.
That average is derived from people who itemized charitable deductions. Even though that’s an average, for those of us in prospect research that’s been a reliable percentage to use because, by and large, only people who benefit from itemizing actually bother to do it – and that’s wealthy people. [Read more…]
“Carnegie 1903” Drawing by Louis Dalrymple
As you may have noticed, ours is the era of the mega-gift. This trend of non-stop blockbuster giving has left many reeling or salivating – not to say that the two are mutually exclusive, nor will this trend be ending any time soon. Wealth and philanthropy are often perceived to fit hand in glove, but we prospect researchers know firsthand how difficult it can be to verify wealth and encourage charitable giving. [Read more…]
You honestly do want to read it. You spent the money on it. It’s just sitting on your desk or your shelf.
Very innocently. But making you feel guilty.
That work-book you bought.
I’ve got a few books like that on my office shelf. Some that I’ve started and abandoned after an interested afternoon, and others that I haven’t even cracked open yet. (but I will! I swear!)
But now, a solution.
Last week, some of my HBG colleagues and I – independent of each other – watched a vidcast of David Callahan and Emmett Carson in a fascinating, spirited, and sometimes provocative debate sponsored by Philanthropy New York. Callahan is the founder and editor of Inside Philanthropy, and author of the new book The Givers; Wealth, Power, and Philanthropy in a New Gilded Age. Carson is president of the Silicon Valley Community Foundation, the largest community foundation in the world, with $8 billion+ in assets. [Read more…]
Photo by Kai Mörk, freely licensed under CC BY 3.0 (Germany).
As a researcher, one of the things that has been most interesting to me over the recent few months is that I’ve noticed an increase in the number of articles relying on investigative journalism. Many larger newspapers have some sort of investigative unit, like the Boston Globe’s deservedly celebrated Spotlight Team.
But it’s been historically unusual to see skimcoat newspapers – that are more commonly slipped under hotel bedroom doors for business travelers – begin to do deep investigative research projects. It’s another reminder that that the information geeks of the world – we researchers – are the most important players speaking truth to power. [Read more…]
