Judge denies Argosy's motion to dismiss nonprofit lawsuit

siouxcityjournal | April 18, 2017

A federal judge on Tuesday denied the former Argosy Sioux City riverboat casino owners' motion to dismiss a lawsuit concerning nearly $2 million in revenue-sharing payments not made available to local nonprofit groups, noting the gambling boat was "operating unlawfully" after losing its state license.

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FastFund Online Nonprofit Software - The one source solution for nonprofits fund accounting, fundraising and nonprofit payroll. Watch how to define your chart of accounts in FastFund Online, a SaaS solution for nonprofits.

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NONPROFIT TECHNOLOGY

Ren and the Giving Block Collaborates to Launch Country's First Donor-advised Funds

The Giving Block | June 09, 2022

Ren, North America's leading independent philanthropic solutions provider, and The Giving Block, the leading Crypto Philanthropy platform connecting nonprofits with crypto donors, have announced the launch of one of the country's first donor-advised funds, which will let donors invest a portion of their cryptocurrency donations. At Consensus 2022, the largest and longest-running crypto festival in the world, which took place June 9–12 at the Austin Convention Center in Austin, Texas, booth #529 promoted general availability. Until now, bitcoin could be received by donor-advised funds, which are giving accounts where contributors donate assets and recommend contributions to qualifying charities, but the crypto was liquidated as soon as it arrived. The Giving Block's platform, which allows charities to accept cryptocurrency, is combined with a donor-advised fund through Renaissance Charitable Foundation Inc. (RCF), a public charity. Crypto will play an ever-growing role in the changing philanthropic landscape – and this new donor-advised fund offering, an industry first, stands as a game-changer in the crypto world just as it does for non-profits." Kelly Palmer, EVP of Strategic Growth Operations at Ren Kelly further added, "We are honored to work with a fellow driver for good such as The Giving Block to bring an entirely new way to not only leave a legacy but recognize an immediate tax deduction. By investing crypto in a donor-advised fund, you can further organize your philanthropy and even recommend grants anonymously while also giving your heirs the ability to make future grant recommendations."

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FUNDRAISING,NONPROFIT MANAGEMENT

Employees of Charter Next Generation Support Local Charities Through Large Donation to United Way

United Way | July 21, 2022

As a part of its leadership role within the specialty films and flexible packaging industry and furthering its commitment to sustainability and supporting local communities, Charter Next Generation (CNG) recently made a sizable donation to The United Way chapters of Richland County, Delaware County, and Morrow County. These three United Way chapters will act as a steward of CNG's employees by dispersing the donated funds across fourteen different local charities and organizations that were hand-selected by the employees of CNG for their respective roles in revitalizing local neighborhoods and amplifying the growing importance of sustainability inside the communities where CNG's employees live and work. "This is really mind-blowing! The impact that CNG is going to have on our community These organizations are impacting lives every day, people throughout Richland County due to the generosity of employees of CNG. These are transformative funds for people you may never know." -Dan Varn, Executive Director of the United Way of Richland County. Charter Next Generation continues to passionately expand its investment in the communities in which it has manufacturing facilities, specifically earmarking a $130,000 donation to the Central Ohio region with the explicit goals of fostering: Community Sustainability Efforts through its support of local programs and organizations that actively protect the environment while promoting community resiliency and revitalization. Workforce Development through its support of local programs and organizations that focus on education, career readiness, mentoring, and workforce training inside the specialty films industry. Social & Economic Equity through its support of local programs and organizations that lift up and empower disenfranchised individuals within local communities. The best way to describe our Community Giving Funds event is ONE TEAM, ONE FAMILY, ONE COMMUNITY. At CNG, we have always taken pride in making sure we operate as ONE TEAM, ONE FAMILY within our company, and now we are expanding our focus to support our local community even more than before," said Matt DeHart, who is the Director of Operations at Charter Next Generation, as well as a member of the Board of Directors for the United Way of Richland County. I am proud of all our employees for their effort and consideration while voting on how we will donate our Community Giving Funds. We are thankful to work for a company that allows us all to make decisions as owners of the company. DeHart concluded. Through its donation, CNG is empowering The United Way to provide financial support to fourteen hand-selected organizations, including The American Red Cross Central & Southern Ohio Region, Catalyst Life Services, Catholic Charities, The Domestic Violence Shelter, Friendly House, Humane Society of Richland County, Mid-Ohio Youth Mentoring, Raemelton Therapeutic Equestrian Center, Third Street Family Health Services, Pathways to Hope, Pacer Pantry, Willis Education Center, Turning Point, and Veteran Companion Animal Services in Morrow County. This donation represents CNG's ongoing commitment to invest in and create a positive impact on both its employees' lives as well as the communities in which their employees' families live. By working directly with The United Way of Richland County, Morrow County, and Delaware County, CNG is leveraging the United Way's established network of relationships with local charitable organizations within these areas to reach and impact a much larger group of individuals and deliver direct support to a far greater number of households throughout Central Ohio as a whole. About United Way- United Way is an international network of over 1,800 local nonprofit fundraising affiliates that improves lives by mobilizing the caring power of communities around the world to advance the common good. About United Way of Richland County- The United Way of Richland County is a Non-Profit organization dedicated to serving the community by raising funds through an annual campaign and investing those dollars into 47 critical programs throughout Richland County. About Charter Next Generation- Charter Next Generation is North America's leading independent producer of high-performance, specialty films used in flexible packaging and other end-use markets. Known for sustainable, innovative products and world-class manufacturing capabilities, the company's quality and expertise are unsurpassed. Its sustainability-first mindset and relentless pursuit of excellence make it an ideal partner to help brand owners reach their long-term sustainability goals.

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FINANCIAL MANAGEMENT

CAEL receives $15.7 million grant from Truist Foundation to strengthen financial services career pathways

The Council for Adult and Experiential Learning (CAEL); Truist Foundation | May 09, 2022

The Council for Adult and Experiential Learning (CAEL), a nonprofit organization helping adult learners navigate on- and off-ramps between education and employment, announced it has been awarded a $15.7 million grant from Truist Foundation. The CAEL and Truist Foundation partnership encompasses a six-year multicity initiative that prioritizes Black, Indigenous, and persons of color (BIPOC) as well as underserved communities by building career paths in professions and industries historically unavailable to them, such as financial services. "Our work with CAEL will provide the tools adult learners, workforce organizations, postsecondary institutions and service providers need to ensure individuals can secure a position and prosper within previously inaccessible industries," said Lynette Bell, president of Truist Foundation. "Beyond our grant, Truist Bank intends to partner with CAEL to hire some of the talented adult learners who participate in the initiative's career pathways." Championing adult learner success for more than 40 years, CAEL has established and grown partnerships with workforce organizations, employers, postsecondary education institutions, regions and communities across the nation. CAEL will be partnering with nationally recognized organizations for this initiative, including CareerWork$ (BankWork$ program), CollegeAPP, Emsi Burning Glass, PAIRIN, and Riipen. The supportive ecosystem created by CAEL's work and partnership with Truist Foundation will allow adult learners to gain access to meaningful employment while creating and sustaining a diverse talent pipeline for the financial services industry. This initiative will roll out in five communities over the next six years. CAEL's partnership with Truist Foundation will: Establish partnerships with local community colleges and postsecondary institutions to ensure all adult learners have access to affordable remote and in-person classes with flexible hours and curricula, prioritizing effectiveness for women and BIPOC adult learners. Establish partnerships with local Workforce Development Boards. Provide support and resources to workforce organizations in the region to connect more job seekers to higher-wage jobs and long-term career opportunities. Provide training and tools to organizations in the financial services industry to encourage them to hire talented and diverse adult learners and support them as candidates and employees, setting them up for success. Explore potential partnerships with service providers such as local child care centers, transportation services, mental health organizations and other areas to ensure services are available and accessible, allowing adult learners to face fewer barriers when entering the financial services workforce. This comprehensive support system aims to make it possible for women, BIPOC and other underrepresented adult learners to secure, persist and excel in their careers. A lack of coordination among postsecondary institutions, employers and workforce organizations has limited opportunities to promote diversity, equity and inclusion within many industries, including financial services. This generous support from Truist Foundation will allow CAEL to bring about collaboration among educators, workforce developers, employers and service organizations to build more equitable and comprehensive pathways into financial services and adjacent industries for adult learners who have long faced systemic barriers to rewarding occupations." Earl Buford, CAEL president Expensive hurdles such as education, transportation and child care prevent many qualified individuals from pursuing employment opportunities. CAEL's work and partnership with Truist Foundation will uplift individuals within an empowering career path, diversify the financial services sector, provide individuals the opportunity to generate sustainable and generational wealth and provide support and resources to workforce organizations and educational institutions. About CAEL Recognizing that adult learners are the backbone of the U.S. economy, CAEL helps forge a clear, viable connection between education and career success, providing solutions that promote sustainable and equitable economic growth. CAEL opens doors to opportunity in collaboration with workforce and economic developers, postsecondary educators, employers and industry groups, and foundations and other mission-aligned organizations. By engaging with these stakeholders, we foster a culture of innovative, lifelong learning that helps individuals, and their communities thrive. A national membership organization established in 1974, CAEL is a part of Strada Collaborative, a mission-driven nonprofit. About Truist Foundation The Truist Foundation is committed to Truist Financial Corporation's purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. The Truist Foundation's grants and activities focus on building career pathways to economic mobility and strengthening small businesses.

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