Nonprofits Insurance Alliance (NIA) Joins Federal Home Loan Bank of Boston

Nonprofits Insurance Alliance | June 26, 2020

Nonprofits Insurance Alliance (NIA), the leading P&C insurance provider exclusively serving the 501(c)(3) nonprofit sector, announced today that Alliance of Nonprofits for Insurance, Risk Retention Group (ANI)—part of the NIA group brand—has become a member of Federal Home Loan Bank of Boston (FHLBank Boston). FHLBank Boston is part of the FHLBank System, which was created by Congress in 1932 as a government-sponsored enterprise to serve the public by enhancing the availability of credit for housing and community development. The System is composed of 11 regional banks which are privately capitalized and owned as cooperatives by their members. Each year, the FHLBanks provide access to billions of dollars in low-cost funding to nearly 7,000 of America’s banks, credit unions, insurance companies, and community development financial institutions. Membership into FHLBank Boston is a vote of confidence in ANI’s financial stability and provides ANI access to low-cost funding to continue supporting the nonprofit sector.

Spotlight

Nobody said year-end fundraising would be easy. And since no two organizations are exactly the same, we all experience different challenges and successes. But we can all agree on one thing—year-end giving is extremely important to the success of your organization. Of those polled as part of the Nonprofit Insiders Network, 28 percent said that they raised between 26 and 50 percent of their total annual income from the year-end ask alone. Plus, 100 percent polled used direct mail for their year-end campaign and only 17 percent used in-person asking to garner donations.

Spotlight

Nobody said year-end fundraising would be easy. And since no two organizations are exactly the same, we all experience different challenges and successes. But we can all agree on one thing—year-end giving is extremely important to the success of your organization. Of those polled as part of the Nonprofit Insiders Network, 28 percent said that they raised between 26 and 50 percent of their total annual income from the year-end ask alone. Plus, 100 percent polled used direct mail for their year-end campaign and only 17 percent used in-person asking to garner donations.

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Washington Technology Industry Association | May 21, 2022

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Sionic Introduces Real-Time, Bank-to-Bank Donations for Nonprofits

Sionic | July 08, 2022

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Next Level Social Impact Uses X4Impact Insights to Shape Grantmaking

X4Impact | May 13, 2022

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