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.
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Fundraising, Nonprofit Management, Philanthropy
PR Newswire | January 25, 2024
Today, the National Geographic Society announced its largest fundraising year in its 136-year history with $122.8 million in new commitments for 2023 the Society's third record-breaking year in a row. Contributions came from individuals, corporations and foundations to support the nonprofit's mission work, including the transformation of its Base Camp in Washington, D.C., global community of National Geographic Explorers and portfolio of impactful programs.
The Society invests 100 percent of donor contributions into the organization's programmatic priorities to strengthen its mission of illuminating and protecting the wonder of our world. Donors and partners fuel the Society's ability to leverage scientific research, exploration, education and unparalleled storytelling to spark curiosity in hundreds of millions of people to learn about and care for our planet. These philanthropic investments accelerate the Society's sustainable business model and build a culture of philanthropy, key to the organization's five-year strategic plan, NG Next.
This achievement underscores our community's belief in our mission and vision for the future," said CEO Jill Tiefenthaler. "The dedication of our donors is instrumental to funding the extraordinary National Geographic Explorers who are driving positive change for our planet and its people. Thank you to all those helping us support our Explorers, transform our Base Camp, and achieve our mission and global impact.
Last year, the Society launched its newly formed Principal Donors Society, the highest designation for lifetime giving, which recognizes individuals, corporations and foundations who have championed the nonprofit through cumulative philanthropic support of $1 million or more for pivotal priorities and impact areas. The second annual Principal Donors Society induction ceremony and celebration will take place on February 7, 2024 in Los Angeles, California.
"We are most grateful for the unprecedented generosity of our donors that this year's giving reflects, as it clearly demonstrates the growing global support of the National Geographic Society's mission to illuminate and protect the wonderful of our world," said the Society's Board Chair Jean Case.
2023 fiscal year fundraising highlights include:
Secured the largest commitment in the Society's history from long-time partner, Rolex
$122.8 million in overall new commitments, a 4% increase from the previous record-breaking fiscal year ($117.9M)
81 new commitments of $100,000 or above, a 16% increase over 2022
16 new commitments at $1 million or above
$13.2 million raised through Annual Giving & Membership, a 13% increase over 2022
100% participation by the Board of Trustees
100% participation by the Society's Senior Leadership team
Increased membership in the Hubbard Council (annual donors of $50,000 or more) by 30%
Launched the Principal Donors Society in January 2023, recognizing donors of lifetime giving of $1M or more to the Society, with 65 donors; adding an additional 11 donors during 2023
"We accomplished this tremendous fundraising year thanks to our loyal, global network of industry and thought leaders who are personally dedicated to the Society's success," said Chief Advancement Officer Kara Ramirez Mullins. "It's encouraging to see real investment in, and momentum for, the Society's key priorities like the Base Camp renovation project. We have a bold vision for the future and the time to invest in the Society is now!"
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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.
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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.
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