Questions About Donors You Must Know the Answers To

Get to Know Who Will Give to Your Nonprofit Organization! 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 notable example of really impactful nonprofit organizations on the planet is the 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. A downward trend of donations is notable though,with the years 2014 and 2015 receiving lower amounts than had been received previously. 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. An interesting fact is that 20% of the total contribution was given by just 9 donors. We have learnt who in general gives towards philanthropy,and now it is about time we got to know who receives all these funds. Discover who received the 5.6 dollars given away in 2016. Colleges and Universities were the recipient of almost 50% of all donations. It is highly likely that most of the individuals on the donors list felt compelled to give to these institutions because that is where the foundation of their phenomenally successful lives had been laid.
Resources Tips for The Average Joe
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? Two museums in the United States got a total of 175 million of the donations. 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.
The 10 Rules of Resources And How Learn More
The wealthy gave 5.9% of their gifts to DAFs(Donor-Advised Funds),and this is where a majority of the nonprofits fall. 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. 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.