A bipartisan group of legislators has introduced the Accelerating Charitable Efforts (ACE) Act in the U.S. House of Representatives. The ACE Act mirrors a bill introduced in the Senate in June 2021. It would create two new types of donor-advised funds (DAFs) — 15-year (or qualified) and 50-year (non-qualified) — with the timing and availability…
Tag: Philanthropy
Giving Circles Surge in Popularity: What it Means for Nonprofits
According to the Dorothy A. Johnson Center for Philanthropy, giving circles have tripled in number since 2007, to about 1,600 groups with more than 46,000 members in the United States. With almost $1.3 billion in grants already made by giving circles, your nonprofit should ensure it’s on the circles’ radar. Small groups, big impact Giving…
Most Couples Make Giving Decisions Together
When it comes to making charitable giving decisions, it turns out that most U.S. couples work together. But the number of such joint decision makers is on the decline. According to a study from the Lilly Family School of Philanthropy at Indiana University, about 62% of couples consult with each other. That’s down from 73%…
The Value of Volunteers: Benefits of an Effective Program
Nonprofit organizations generally operate on lean budgets. This means volunteers are a necessity for most nonprofits. Knowing their worth and having an effective and organized volunteer program will help your cause — and your bottom line. How much are they worth? Nonprofit advocacy group Independent Sector has estimated the value of the average American volunteer…
What We Know So Far About COVID Philanthropy
COVID-19 spurred more than $11.9 billion in global philanthropy in the first six months of 2020. That’s just one of the findings in the Center for Disaster Philanthropy and information service Candid’s new report, Philanthropy and COVID-19 in the first half of 2020. In this report, Candid and the Center for Disaster Philanthropy explore the…