A handful of umbrella organizations holding reserves of charitable funds for thousands of donors were able to direct that money to recommended relief organizations at the online direction of donors, with no checkbooks involved.

One might call it charitable rapid response and it demonstrates the value of an aspect of the fast-growing universe of donor-advised funds that has, surprisingly, been controversial but should not be: the financial reserves held in individual accounts managed by major national financial-services firms.

It is no secret in the philanthropy world that the number of donor-advised fund accounts, especially those housed at what might be called national advised-fund organizations, have dramatically increased in recent years. philanthropic landscape, the undisbursed funds of donor-advised fund accounts have drawn fire.

It is true that major financial-services firms earn fees for the management of assets, but such fees would be incurred whether funds were held in charitable accounts or brokerage accounts. Fidelity, which manages 15 mutual funds for those with accounts in Fidelity Charitable, sets fees (by independent boards of those respective funds) ranging from 0.07 to 1.17 percent. In other words, there is no evident reason to be concerned that charitable organizations which had relied on annual, individual checks will be ignored in a more DAF-centric system even as the remainder balances of the advised funds hold the potential for increased giving over time.

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Kevin Spacey Foundation grant recipients on how it boosted their careers – Video – 1 May 2015 – WhatsOnStage.com Kevin Spacey Foundation grant recipients on how it boosted their careers

Applications for this year’s Kevin Spacey Foundation Artists Of Choice grants open today

In this video, recipients of the foundation’s grants – a financial boost of up to 10,000 for emerging artists and companies – explain the impact the help has had on their career.

Dance Recipient: “The generous assistance of KSF helped us to evolve a completely brand new way of perceiving dance, inspire and tangibly touch individual souls, and truly mark a new journey for each of the artists involved.”

KUSP’s Foundation is voting Monday at 6pm on whether to sell its license.

On Monday, at their annual meeting (6pm, Community Foundation of SC County, Aptos) KUSP’s foundation is voting on whether to sell its license.

Now, in a bind, the board is recommending the foundation sell the broadcast license to a southern California syndication company, Classical Public Radio Network, a group known for its predatory practices and bland Top-40 Classical music programming.

Other communities have vibrant, solvent, scrappy and relevant public and community radio stations.

Please join me in writing a letter, asap, to the board of directors of KUSP http://www.kusp.org/boards.shtml and urge them NOT to sell the license.

Philanthropies spread word with Spring Carnival – The Daily Collegian: Campus

For students who were not quite ready to hit the library in preparation for finals, the Second Annual Spring Carnival provided a break Thursday, courtesy of the Student Philanthropy Council and other philanthropic groups.

aThe purpose of this event is to highlight some of the things Student Philanthropy Council does, but also organizations around campus who have some sort of philanthropic mission to advertise themselves,a Geoff Hallett, the adviser for the Student Philanthropy Council, said.

Nonprofit arts and culture sector has $100M impact on Ann Arbor economy | MLive.com Nonprofit arts and culture sector has $100M impact on Ann Arbor economy Bassist James Simonson of Detroit-based band ‘The Brothers Groove’ belts out a lyric during the last day of the Ann Arbor Summer Festival in downtown Ann Arbor. The Summer Festival is one of a number of nonprofit arts and culture organizations that have a major impact on the region’s economy. That doesn’t mean they can’t have an effect on the economy.

Neel HajraPhoto courtesy of the Ann Arbor Community Foundation

Preliminary results from a new study by the Ann Arbor Area Community Foundation show a direct impact of more than $100 million from the region’s arts and culture nonprofits alone.

To help direct its investments, the foundation commissioned the study from Americans for the Arts in conjunction with the Arts Alliance in Washtenaw County that could help show the sector’s impact in a measurable way. More than 700 audience surveys have been gathered along with information from 87 nonprofit arts and culture organizations in the region and data collection will be ongoing through the month of May.

“We learned that there is an annual audience of more than 1.78 million people attending nonprofit arts and culture events in the Ann Arbor area,” he said.

The study found that two-thirds of that audience is local, and Hajra said he has people from young professionals to senior citizens telling him personally that the area’s arts and culture are among the primary reasons they call Ann Arbor home.

The CDC is listed as a $1 to $10 million contributor to CHAI, according to its donor list released earlier this month.

The Boston-based health arm of the Clinton Foundation has come under scrutiny for failing to disclose donations from foreign governments in violation of a pledge Clinton made to the Obama administration before she assumed office as secretary of state.

A Reuters report found that the health initiative stopped making its annual disclosure in 2010 and that “no complete list of donors to the Clintons’ charities has been published” since. reports, audits, performance standards).”

CHAI received hundreds of millions from foreign nations between 2009 and 2014, including: the United Kingdom ($79.7 million), Australia ($58.6 million), Norway ($38.1 million), Canada ($12.1 million), Ireland ($11.7 million), Sweden ($7.2 million), and New Zealand ($1.2 million).

The Boston Globe found that foreign donations “sharply accelerated” to CHAI when Hillary Clinton became secretary of state.

“Government grants, nearly all from foreign countries, doubled to $55.9 million in 2013 from $26.7 million in 2010, according to the records,” the report said.

The health initiative broke off into a nonprofit separate from the Clinton Foundation in 2010, though it is still chaired by Bill and Chelsea Clinton.

The charities have remained intertwined. taxpayer funding from federal agencies and the 2009 stimulus law.

The Clinton Foundation lists several state and federal agencies as financial contributors, including the Environmental Protection Agency (EPA).

The EPA is listed as contributing between $1,001 and $5,000, as is an agency entitled the “Office of Minority Health and Human Services.” The Office of Minority Health and Human Services, a state agency in Nebraska that recently changed its name to the Office of Health Disparities and Health Equity, said the donation could not have come from their office because they do no solicit or issue funding.

The EPA did not return request for comment.

State agencies in Arkansas have also given financial contributions to the Clinton Foundation, according to the organization’s website.

The Arkansas Minority Health Commission gave between $1,001 and $5,000. Michael Knox, executive director of the Arkansas Minority Health Commission, told the Free Beacon that the donation was for the Clinton Center’s annual “Head of the Class Bash” in June 2011 that paid for “car seat inspections, immunizations and health screenings, and backpacks with school supplies to the children of Arkansas.”

The Arkansas Energy Office is also listed as donating between $500,001 and $1 million to the Clinton Foundation, though the contribution actually came from spending authorized by the 2009 stimulus law.

Scott Hardin, director of communications for the Arkansas Economic Development Commission, told the Free Beacon that the Clinton Foundation received nearly $800,000 from his office, through a grant funded by the stimulus.

“The Energy Office distributed more than $50 million in American Recovery and Reinvestment Act (ARRA) funds a few years ago and the money provided to the Clinton Foundation was part of this effort,” he said.

The grant, amounting to $758,123, was provided to the Clinton Foundation in October 2009, Hardin said.

The funds went to the Clinton Foundation’s Home Energy Affordability Loan (HEAL) program, which aims to reduce greenhouse gas emissions from buildings through “energy-efficiency and monitoring strategies.”

The Clinton Foundation received another stimulus grant on Sept. “In January, we incorrectly received a ‘gift receipt’ for a donation for the money we used for that event, and we notified the foundation of that error.”

In all, state and federal agencies have contributed between $1,402,187 and $1,414,184 directly to the Clinton Foundation.

Together with the health initiative, taxpayers have contributed roughly $7.4 million to Clinton charities.

The Clinton Foundation admitted it has “made mistakes” in disclosing donors after a barrage of recent news reports. uranium production through a deal that was signed off in part by Hillary Clinton’s State Department.

The Clinton Foundation is also expected to refile some of its tax forms, according to a blog post written by Maura Pally, the foundation’s acting chief executive, who said that the organization “mistakenly combined” government grants with other donations.

The Clinton Foundation did not return requests for comment.

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Kane: Post-recession, nonprofits still strapped for cash

The 2008 recession hit the nonprofit industry hard. A CompassPoint study found that while the median nonprofit executive director earned $90,000, the median development director the employee tasked with securing grants from foundations earned $65,000.

The funding base of many foundations has increased substantially in recent years, but this increase has often not been accompanied by an increase in grantmaking. If grantmakers continue these practices, nonprofits seeking to ameliorate the effects of the recession on low- and middle-class Americans will not have enough funding to keep the lights on much less move the needle on their missions.

A Grantmakers for Effective Organization’s report found nonprofits generally spend about 20 percent of their grant funding on operating costs those not directly associated with their mission.