Philanthromax's blog
AFP & UTEP Center for Civic Engagement
Nonprofit Leadership Conference
Rob Mitchell’s PowerPoint Presentations
9.12.11
Retaining Donors - More Income at Less Cost
The Nonprofit Board: Separating Fact from Fiction
Click below to download the files.
2010 Stock Market Fuels a Charitable Giving Rebound
DALLAS--(BUSINESS WIRE)--Charitable giving in the United States totaled $323.86 billion in 2010, up 6.6% from 2009, according to a newly released report from the Atlas of Giving.
“The Atlas is a game-changer for nonprofits in terms of the management of operations related to gift income.”
The 2010 figure is particularly meaningful given the fact that 2009 saw an unprecedented decline in donations to American nonprofits of 5.7%.
The growth in giving was fueled primarily by robust stock market performance. The S&P index gained more than 15% for the year.
Charitable giving results varied considerably by organization. Nonprofits that derive significant income from major gifts, corporate giving, foundation grants and bequests did better than those relying on smaller gifts from individuals. Donor advised funds had a record year in additional contributions, new accounts, and distributed gifts. Online giving was exceptionally strong in 2010.
The rebound, while welcomed, was limited by factors including high unemployment, and economic fallout from the BP gulf oil spill.
“The impact of unemployment on giving is far reaching and long lasting,” said Rob Mitchell, former president of the American Cancer Society Foundation and now CEO of Philanthromax, which publishes the Atlas of Giving. “In addition to the obvious limitations associated with loss of income, once individuals again become employed there are typically accumulated financial responsibilities such as credit card debt and essential purchases that have been deferred due to job loss.”
New Data Prepares Charities and Churches for BP Claims
Oil Spill Fallout is Constricting a 2010 Charitable Giving Resurgence
(Dallas) Nonprofit organizations faced with lost income as a result of the BP Oil Spill have a strong case for collecting damages using recent data from the Atlas of Giving, according to CharityChannel®, an online networking resource for nonprofit professionals.
“Charities need to be aggressive in pursuing claims against BP for lost income, and the quantification of the spill’s impact on giving is the critical first step in that process,” said Stephen Nill, Founder and CEO of CharityChannel.com.
According to the Atlas of Giving, an online charitable giving index and forecasting service, the loss of charitable gifts will be $200 to $300 million in 2010 and as much as $600 million in 2011. However, the total effect on giving will depend on the number of states directly impacted by the oil spill and its subsequent ripple effect on the U.S. economy.