Trickle Down Funding from Aid Agencies an Ugly Problem

Nonprofit Quarterly | June 01, 2017

According to the document, “The Grand Bargain is about harnessing the vast experience and expertise from across the humanitarian ecosystem and bringing it into a realignment which is better prepared for tackling the emergency needs of more than 125 million people.”But a year later, the signatories of the Grand Bargain are still struggling with three key points: the definition of “local” when it comes to organizations, what should be counted in the 25 percent of aid pledged directly to local groups, and how direct “directly” needs to be. For instance, do pooled funds given to local agencies count? What about subcontractors?

Spotlight

The 10 Mistakes You May Be Making with Your Fundraising Event infographic will help you stay one step ahead of any setbacks and maximize your fundraising results with easy-to-implement solutions.

You’ll learn the most common mistakes we see nonprofits make before, during and after their fundraising events and how you can avoid them. We share practical tools and strategies to boost attendance, drive engagement and inspire in-event giving for a more effective event.

Spotlight

The 10 Mistakes You May Be Making with Your Fundraising Event infographic will help you stay one step ahead of any setbacks and maximize your fundraising results with easy-to-implement solutions.

You’ll learn the most common mistakes we see nonprofits make before, during and after their fundraising events and how you can avoid them. We share practical tools and strategies to boost attendance, drive engagement and inspire in-event giving for a more effective event.

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FUNDRAISING,SOCIAL MOVEMENTS AND COMMUNITY

AMERICAN AIRLINES PUSHING CANCER RESEARCH TO NEW HEIGHTS WITH FUNDRAISING CAMPAIGN

standuptocancer | August 02, 2022

American Airlines, in collaboration with Stand Up To Cancer (SU2C) and Emmy, Grammy and Golden Globe-nominated actress, singer and songwriter Mandy Moore, is launching its annual campaign to raise funds for innovative and life-saving cancer research. Now through Sept. 30, customers will receive 25 bonus American Airlines AAdvantage® miles for every dollar they donate of $25 or more to Stand Up To Cancer. Additionally, anyone who uses their American Airlines AAdvantage Mastercard® credit card to contribute between $25 and $10,000, will receive 50 bonus AAdvantage miles per dollar until we reach $1 million in donations. "The outpouring of support from our generous team members and customers has been remarkable in our six-year partnership with Stand Up To Cancer, That's a testament to how passionate we are about Stand Up's mission to save lives by funding research that has led to groundbreaking scientific breakthroughs in the fight against cancer. It's a disease that has impacted so many of us and our loved ones." -Ron DeFeo, Chief Communications Officer American Airlines. Since first joining forces in 2016, American has raised more than $11 million to benefit SU2C through fundraising efforts. In 2019, American debuted a campaign that offered those who donate the chance to honor a loved one by including their name on an Airbus A321 aircraft wrapped in a special SU2C livery. "This year alone, nearly 2 million people in the U.S. will be diagnosed with cancer, Stand Up To Cancer is committed to funding innovative cancer research and dealing with health equity in cancer clinical trials to ensure treatments are accessible and beneficial to all patients. We are immensely grateful to American Airlines and their customers for their longstanding support and to Mandy Moore for her participation in this campaign. Together, we can and will end this terrible disease." -Rusty Robertson, Stand Up To Cancer Co-Founder. SU2C brings together the best and the brightest in the cancer community to help new therapies move from the laboratory to the patient quickly. By galvanizing the entertainment community, SU2C creates awareness and educates the public on cancer prevention, diagnosis, and treatment and raises funds to support these efforts. I have supported Stand Up To Cancer since its inception and it has been truly amazing to see scientists, patients, actors, musicians and athletes all come together for one common cause — the fight against cancer, said Mandy Moore. To do this in partnership with them and American Airlines, a company so close to my heart, is truly a full circle moment. For many, cancer is a part of life's journey, and through this campaign, I hope we can raise awareness for Stand Up To Cancer's groundbreaking cancer research programs, while inspiring cancer survivors, patients and those caring for a loved one facing the disease. About American Airlines Group: To Care for People on Life's Journey®. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company's stock is included in the S&P 500. About Stand Up To Cancer: Stand Up To Cancer® (SU2C) raises funds to accelerate the pace of research to get new therapies to patients quickly and save lives now. SU2C, a division of the Entertainment Industry Foundation, a 501(c)(3) charitable organization, was established in 2008 by media and entertainment leaders who utilize these communities' resources to engage the public in supporting a new, collaborative model of cancer research, to increase awareness about cancer prevention, and to highlight progress being made in the fight against the disease. As of July 2022, more than 3,000 scientists representing more than 210 institutions are involved in SU2C-funded research projects. Under the direction of our Scientific Advisory Committee, led by Nobel laureate Phillip A. Sharp, PhD, SU2C conducts rigorous competitive review processes to identify the best research proposals to recommend for funding, oversee grants administration, and ensure collaboration across research programs.

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FINANCIAL MANAGEMENT

Credit Suisse Expands Funding to Nonprofit Organizations Leading Efforts to Improve Pathways to Career & Upward Mobility

Credit Suisse | July 01, 2022

Credit Suisse is pleased to announce that the Credit Suisse Americas Foundation has awarded $400,000 to two new nonprofit partners – Generation USA and Year Up. These groundbreaking programs serve the community by investing in motivated yet under-resourced young people and developing a robust and diverse talent pipeline. The organizations provide educational pathways outside of traditional four-year degrees, enhancing their students' abilities to launch promising careers. While we have long-supported and remain committed to four-year college completion, we have become increasingly motivated to find opportunities to support the nearly 2/3 of Americans who do not choose or may not have access to this pathway. We completed the expansion of our Future Skills portfolio to include innovative organizations or initiatives that strive to bridge the gap between the education and employment sectors by providing additional pathways for young people to navigate toward promising careers, like apprenticeships, certifications, and two-year degrees." Eric Eckholdt, Executive Director of the Credit Suisse Americas Foundation These grants are part of the Credit Suisse Americas Foundation's work in Future Skills, a giving program that supports educational efforts to provide young people from underserved communities with skills necessary for a strong career start in order to live choice-filled, upwardly-mobile lives. The Credit Suisse America's Foundation continues to support high-performing schools like KIPP Public Charter Schools, modern youth apprenticeships through CareerWise New York, and innovative programs such as Braven, the WakeWorks Apprenticeship program, and myFutureNC. Moreover, the Foundation is pleased to onboard these organizations that aim to further the vision of providing additional pathways to securing a family-sustaining career. "These two new groups represent a transition from a "college-for-all" to a "success-for-all" mentality," says Eckholdt. "We are excited for the opportunity to support and learn from industry leaders and changemakers who embody the spirit of this effort, which we believe is vital for both young people in America and an evolving workforce." Generation USA is a nimble organization founded by McKinsey & Company. At scale, it has the potential to provide high-level, industry credentialed training to thousands of young people. According to Generation USA, more than 75 million young adults were out of work globally even before the global pandemic, and three times as many were underemployed. Concurrently, certain jobs remain in high-demand, and 40 percent of employers say a skills shortage leaves them with entry-level vacancies. In an effort to bridge this gap, the Generation USA program aims to transform education to employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible. "We are proud to be a recipient of Credit Suisse's philanthropic initiatives in opening entry to a meaningful career through non-traditional pathways," says Richard Clemmons, Generation USA Interim CEO. "Through this generous funding, we'll be able to expand our reach and impact in the New York City community by providing training, support, and access to career opportunities in the high-demand tech industry." Credit Suisse is also excited to partner with Year Up, a best-in-class workforce development organization, which is committed to ensuring equitable access to economic opportunity, education, and justice for all young adults—no matter their background, income, or zip code. Year Up's intensive training program utilizes a high expectations, high support model where students learn in-demand technical and professional skills and apply them during a work-based experience with one of their 250+ corporate partners. "Credit Suisse and Credit Suisse Americas Foundation's generous support will enable motivated young adults to receive the training, support and connections to have rewarding careers at top companies," said Gerald Chertavian, Year Up Founder and CEO. "Through this partnership, we will make important progress in closing the Opportunity Divide and building a more inclusive society and a stronger economy." Credit Suisse Credit Suisse is one of the world's leading financial services providers. Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 50,110 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York.

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FUNDRAISING

Online Fundraising Platform, Classy, Launches Crypto Giving Powered by Coinbase Commerce

Classy | June 16, 2022

Classy, an online fundraising platform that provides easy and intuitive technology for nonprofits, announces the launch of Crypto Giving. Through an integration with Coinbase Commerce, nonprofit organizations on Classy's platform can receive donations for multiple types of cryptocurrency, as easily as they can accept donations through credit cards, ACH, PayPal or Venmo. Classy's Crypto Giving product allows nonprofits to tap into a new cohort of philanthropic supporters looking to make a difference by donating their cryptocurrency. Crypto Giving makes it easy for them to donate and equally as easy for a nonprofit to accept the donation. Unlike other cryptocurrency offerings for the nonprofit sector, Classy's offering is built directly into the core giving platform, meaning the option to give in cryptocurrency like Bitcoin or Ethereum, lives right on the organization's donation page and is available across multiple campaign types. And because Crypto Giving is built directly into Classy Pay, Classy's nonprofit payment processing tool, transaction reporting happens directly in-product, alongside all other donations. This offering for Classy's customers comes at a time when cryptocurrency donations have seen an uptick in mainstream activity, such as $60M in cryptocurrency donated as a result of the humanitarian crisis in Ukraine. While the world of cryptocurrency is evolving quickly, Crypto Giving positions nonprofits to tap into this network of donors as it becomes increasingly ubiquitous. The addition of cryptocurrency to our portfolio of payment options is representative of Classy's continued efforts to develop the most impactful and purposeful fundraising technology. No other nonprofit fundraising solution has this type of functionality, across multiple campaigns, built natively into their platform. Nonprofits can now tap into new networks of donors and drive higher conversion rates, all with an easy back-end experience that provides almost immediate data." Christopher Himes, CEO of Classy At launch, cryptocurrency donors will also be given the option to help offset the environmental impact of their donation by making a one-off individual environmental offset donation via Offset Alliance. Offset Alliance is a certified B Corp that helps make it simple to take measurable and meaningful climate action. Coinbase Commerce Product Manager Roy Zhang commented: "Crypto donations have become an increasingly popular and effective way for nonprofits to raise funds. Accepting crypto as an additional donation option allows nonprofits to reach a wider base of donors, and offers consumers more flexibility when donating to causes they care about. We're thrilled that Coinbase Commerce is powering Classy's Crypto Giving solution and we're excited to see more donors drive positive impact through crypto." About Classy Classy, an affiliate of GoFundMe, is a Public Benefit Corporation and giving platform that enables nonprofits to connect supporters with the causes they care about. Classy's platform provides powerful and intuitive fundraising tools to convert and retain donors. Since 2011, Classy has helped nonprofits mobilize and empower the world for good by helping them raise nearly $4 billion. Classy also hosts the Collaborative conference and the Classy Awards to spotlight the innovative work nonprofits are implementing around the globe.

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