Nonprofit Management, Financial Management
PR Newswire | January 03, 2024
Recognizing the escalating demands faced by community nonprofits, the U.S. Senate Federal Credit Union (USSFCU) in Alexandria, Virginia, proudly announces its recent distribution of $65,000 to seven deserving nonprofits. These funds are poised to amplify the significant impact these organizations have both locally in the metropolitan Washington region and on a broader national scale.
USSFCU President and CEO, Timothy L. Anderson, emphasized the credit union's longstanding commitment to community welfare, stating, "Giving back to the communities in which we live and work has always been integral to our mission. Through these donations, we aim to express our gratitude to these organizations for their tireless efforts in strengthening our communities."
The donations, ranging from $5,000 to $20,000, have been strategically allocated to support regional food pantries, shelters, and disaster relief programs. Each beneficiary was carefully chosen by USSFCU's leadership team, reflecting a deep connection to the hearts and minds of credit union staff.
The initiative commenced in mid-December, as Anderson and a select group of USSFCU representatives embarked on a series of check presentations at local locations. During these visits, they gained insights into the impactful work undertaken by each organization and presented them with a symbolic check.
Beneficiary organizations and their respective donations include
Capital Area Food Bank - $20,000
SOME (So Others Might Eat) - $10,000
Mattie Miracle Cancer Foundation - $10,000
ALIVE! (Alexandria) - $5,000
Carpenter's Shelter - $5,000
American Red Cross – $15,000
In addition to the monetary contributions, USSFCU actively engaged in hosting holiday donation drives, collecting toys, food, and winter essentials for the mentioned organizations. USSFCU members and staff were encouraged to participate by bringing their donations to the Credit Union's Bowman Branch location. The collected items will be delivered to the respective beneficiaries in the coming weeks, further reinforcing USSFCU's commitment to community support and well-being.
Read More
Nonprofit Management, Nonprofit Technology
PR Newswire | January 09, 2024
The National Sleep Foundation (NSF) today launched its SleepTech® Network, a new community forum for stakeholders across the sleep technology industry. The announcement comes from CES® in Las Vegas, a trade show that showcases the entire tech landscape. NSF is exhibiting at Booth 8604 in the North Hall in Tech East.
Among the inaugural members of the SleepTech® Network are organizations ranging from high-profile start-ups to representatives of the Fortune Global 500, reflecting important segments including consumer electronics, digital therapeutics, mobility, consumer home products, and sleep-monitoring AI software. Members include Asleep, Pocket Kado, PureCare, Samsung Health, Variowell, and Waymo.
NSF's SleepTech Network benefits members through education, insights, and access, including to NSF resources and each other. Each organization can stay informed and up-to-date with the latest NSF research and data on sleep health technology, while network members learn about advances with other professionals in the field of SleepTech, discuss sleep technology issues and opportunities, and interact with peers at NSF-hosted educational events.
Kickoff activities for SleepTech® Network members include a briefing on rates of electronic device use before bedtime and associated sleep characteristics, along with public beliefs about the sleep-related consequences of pre-sleep electronic use. Joseph Dzierzewski, PhD, NSF's Vice President of Research and Scientific Affairs will lead the briefing in February, exploring NSF's newest research results and key findings.
"NSF sees the potential SleepTech® has to help the public's health and well-being. It's a fast-growing global industry, and NSF's role is not just to advocate for and support innovation in this space, but also to do our part and help others understand and navigate it in a way that can improve sleep health," said John Lopos, NSF CEO.
NSF is committed to making science-based SleepTech more accessible and convenient so anyone and everyone can be their Best Slept Self®. For over 30 years, NSF has educated the public about the importance of sleep for health and well-being. NSF has promoted positive sleep health through published expert recommendations, consensus guidelines, technology standards, and easy-to-use tips and tools to improve sleep.
Read More
Nonprofit Management, Financial Management
PR Newswire | January 10, 2024
In a remarkable leap towards a community-led energy future, Energy Allies, the startup energy justice nonprofit based in Boston and New York, has been awarded a $100,000 grant from the Liberty Mutual Foundation.
Renowned for actively involving and working alongside communities most impacted by climate change, Energy Allies imagines a future where every person lives in flourishing, resilient homes powered independently by clean energy. At the heart of their strategy lies the innovative Community Advisory Board (CAB), a collective of community members and organizational representatives compensated for their essential role in developing and endorsing local green energy solutions.
"In our quest for equitable access to sustainable power sources, this grant represents a significant step toward building sturdy, self-reliant communities. It enables us to expedite our community-driven initiatives while reinforcing the conviction that given opportunities, communities are best positioned to lead progress towards clean energy," says Sara Chandler, Chairperson of Energy Allies' Board of Directors.
The first CAB established in Boston ensures that community-led solar projects align with the specific needs of the locality. In partnership with PUSH Buffalo in Buffalo, NY, another CAB was formed under Energy Allies' guidance, with community leadership designing an energy project to create intergenerational wealth for those living in communities most impacted by climate change.
"Yesenia Rivera, Executive Director at Energy Allies, adds, "This funding propels us into new heights of fulfilling our mission objectives. Our approach centered around communities, exemplified by Community Advisory Boards, is pivotal in making lasting impacts. We appreciate the support that allows us to expand our efforts to build equitable clean energy solutions."
Being a significant contributor to the movement towards fair access to clean energy, Energy Allies strategically partners with community members, local organizations, and property owners. Together, they pinpoint ideal locations for green energy projects and devise programs to democratize the power system for all community dwellers.
Community-driven power represents an innovative solution addressing challenges posed by unreliable, costly, and potentially dangerous traditional grids. Energy Allies emphasizes the importance of a movement led by communities advocating for energy justice while highlighting the risk of worsening existing issues without it.
With its roots in research, Energy Allies has emerged as a leader concerning income-eligible community solar access. In collaboration with the Department of Energy, MIT, and Stanford University, this nonprofit developed 'Energy Score,' an accurate predictor of energy payments inclusive to all households. Through alliances with the Department of Energy Solar Technologies Office (SETO), it advocates policies promoting equal inclusion across all income brackets, emphasizing communities' vital role in co-designing local power.
This $100,000 funding from Liberty Mutual Foundation places an already impactful organization - 'Energy Allies', into a position where it could further amplify its contributions towards cleaner and more balanced prospects. This financial boost will kickstart community-led solar initiatives while strengthening efforts to eliminate historical disparities in access to clean energy resources.
Read More
Financial Management, Philanthropy
PR Newswire | February 01, 2024
TIFIN, a leading AI and innovation platform, today announced its philanthropy platform TIFIN Give has acquired Giving Place, the tech solution for family office giving programs and private foundations. The newly combined company now has increased scale and resources to service families through advisors, the workplace, and family offices. The firm now helps oversee $670 million in philanthropy assets and helped facilitate $40 million in charitable donations in 2023.
The donor-advised fund (DAF) space has seen rapid growth in recent years. DAF assets nearly doubled between 2018 and 2022 and stand today at ~$230 billion; total DAF assets are estimated to grow to $1 trillion by 2030. Private foundation assets reached $1.25 trillion last year. The ability of TIFIN Give to serve these charitable structures, among others, continues to unlock substantial opportunities and value for wealth enterprises and their clients.
TIFIN Give's next-generation DAF platform provides a multi-custodial platform, SOC-2 security compliance, and expanded investment options including custom model portfolios. It is now deployed at leading wealth enterprises and employers through their recent partnership to power an employee DAF solution with Morgan Stanley at Work.
Through the Giving Place acquisition, TIFIN Give can now address the philanthropic needs of all asset classes in the wealth enterprise space," said Cor Hoekstra, Head of Wealth Enterprise Partnerships at TIFIN. "We are excited to now reach all types of donors.
The new company will be led by Giving Place's co-founder and CEO, Paul Lussow. Co-founder Alex Paul, will remain involved and serve on the TIFIN Give board. "Our focus on supporting and growing the philanthropic capabilities of wealth enterprises will accelerate through this combined company," said Lussow.
"The key to solving many pain points for donors and their advisors will be powered by the integration of TIFIN Give's digital-first DAF platform with Giving Place's philanthropy software solution for family offices and private foundations," said Giving Place co-founder and TIFIN Give board member Alex Paul.
Read More