Charitable giving: How to maximize your donations

Bankrate | March 13, 2019

When it comes to charity, many Americans have been able to “give ‘til it hurts” — knowing the pain would be only temporary. They could write off the donations on their next tax return. However, changes ushered in by the 2017 Tax Cuts and Jobs Act could make the process less comfortable. While the tax plan will make filing simpler for many taxpayers, those accustomed to deducting their charitable donations may have to make some adjustments. Here’s what you need to know about maximizing your donations in the new federal income tax landscape, as well as finding other ways to contribute.

Spotlight

Institute of Fundraising Ask the Expert series with Gary Kernahan, Head of Volunteer Fundraising at Muscular Dystrophy Campaign. Gary takes an all-inclusive look at community and volunteer fundraising and how you can get the best out of your volunteers.


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NONPROFIT TECHNOLOGY

Habitat for Humanity International launches initiative to address the Black homeownership gap in the U.S.

Habitat for Humanity International | June 14, 2022

Leveraging funds provided in part by MacKenzie Scott's transformational donation, Habitat for Humanity International is launching a new initiative to address the racial homeownership gap—which now stands at nearly 30 percent, the widest it has been in more than 40 years. Habitat's Advancing Black Homeownership initiative deepens our commitment to increase homeownership opportunities for Black individuals and families—and address the racial and systemic bias that has stymied access to homeownership for generations—through programs that will help end the social and economic disparity many Black people and communities of color continue to face. Habitat is initially investing more than $25 million over the next three to five years—with a goal of raising $100 million or more—to develop and launch a slate of new programs, including an equitable commercial lending strategy and property acquisition fund through Habitat Mortgage Solutions, our community development financial institution. "These efforts are designed to help Black families build intergenerational wealth through homeownership and other strategic supports, such as developing more inclusive communities, increasing the availability of affordable homes near public transportation and jobs, and transforming concentrated areas of poverty into areas of opportunity," said Adrienne Goolsby, senior vice president of the U.S. and Canada for Habitat for Humanity International. "Ultimately, we want to reduce the impact a century of discriminatory housing policies has had on the Black community." Other initiative programs include financial coaching and counseling to help Habitat affiliates address the needs of applicants along their homeownership journey; a national Black homeowner advisory group to help Habitat for Humanity International develop strategies and implement programs to help increase Black homeownership; expanded advocacy outreach through the Cost of Home campaign; and collaborative efforts with affordable housing partners. Funding opportunities will also be made available to Habitat affiliates doing innovative work to help increase Black homeownership. Our mission is driven by our theological imperative to seek justice and to have mercy. Doing so through this work, we put God's love into action and help further our mission to build homes, communities and hope." Jonathan Reckford, CEO of Habitat for Humanity International About Habitat for Humanity International Driven by the vision that everyone needs a decent place to live, Habitat for Humanity found its earliest inspirations as a grassroots movement on an interracial community farm in south Georgia. Since its founding in 1976, the Christian housing organization has grown to become a leading global nonprofit working in local communities across all 50 states in the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower.

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FUNDRAISING

Miracle Cyclist Brings Extreme Brand of Fundraising to California

UHSM Health Share | May 24, 2022

UHSM Health Share, a faith-based health care nonprofit founded on Christian beliefs and values, announced its ambassador athlete Grant Lottering, extreme endurance cyclist, international motivational speaker and Laureus Sport for Good Ambassador, will attempt his first ‘Im’possible Tour’ in the US, starting 1 June in Shaver Lake, Sierra National Forest. Lottering will embark on a 700-mile non-stop continuous cycle from Shaver Lake to Irvine, Orange County in the fastest time possible, climbing an agonizing 63,000ft in one ride, to raise awareness and support for the Laureus Sport for Good Charity, which uses sports as a powerful tool to help children and young people overcome violence, discrimination and disadvantages. They say adversity is merely a test which breeds success, and for South Africa’s most accomplished extreme-endurance cyclist, this has been a theme of Grant’s extreme brand of fundraising. We are proud to have Grant as a UHSM ambassador – he is living proof that one can achieve unbelievable levels of success while persevering in the face of challenges and storms. At UHSM, we affirm that caring for people and their overall health encompasses the body, mind and spirit. And as supporters of Grant’s mission and vision for inspiring others and sharing positivity across the world, we believe that his message deeply aligns with our own values. We couldn’t be more thrilled to watch him accomplish this amazing feat; he always makes the impossible possible!” Christopher Jin, UHSM president Lottering suffered a horrendous cycling accident during a world championship preparation race In the Italian Alps in 2013 and was declared medically dead on the scene. He suffered 22 fractured bones and extensive internal injuries and bleeding. He miraculously survived and resolved to make a difference with his second chance at life he believes God gave him. Since then, and despite undergoing 12 surgeries since 2013, plus emergency cancer surgery, he has astonished the medical profession and audiences alike with his annual extreme cycling attempts for charity dubbed The Im’possible Tour. Lottering’s remarkable story and life journey has raised hundreds of thousands of dollars for underprivileged children across the world and has reached over 90 million people globally as he continues to inspire and challenge audiences to be resilient and persevere in the face of adversity. His first-ever US Im’possible Tour, sponsored by UHSM and Mercedes-Benz Vans USA, will see Lottering ride from Shaver Lake in the Sierra National Forest, through the Sequoia National Forest, down to Santa Barbara, Ventura, and Los Angeles Counties, covering most of the famous mountain roads along the way including Refugio Road, Gibraltar Road, Crystal Lake and Mt Baldy, before heading down to Irvine in Orange County. A mammoth ride that will see Lottering climbing over 63,000 feet in one continuous ride that should take him three days and three nights of straight riding to complete. The aim will be to finish on Saturday, 4 June at the Orange County Great Park Soccer Stadium in Irvine, California just ahead of the OC Soccer Club match against New Mexico United. About UHSM UHSM Health Share is a nonprofit, faith-based health sharing ministry that facilitates member-to-member health sharing among fellow Christians, serving as a connector to administer medical cost sharing through its We Share programs. Christian healthcare is chosen by millions each year over traditional insurance plans, and We Share programs by UHSM stand alone as the only health sharing that offers members true prescription coverage through the CVS Caremark network plus access to basic care through CVS Minute Clinic and Health Hub. We Share and UHSM members can also access care through nearly one million doctors, hospitals and specialists in the First Health PPO Network, a wholly owned subsidiary of Aetna Inc. Additionally, all members can contact the DocDay telehealth network seven days a week for diagnoses, treatment, lab orders and prescriptions related to more than 40 health conditions. Headquartered in Norfolk, VA, UHSM offers its members simple, fair, and friendly healthcare programs. The UHSM mission is to help Christian families fulfill their God-given purpose to care for one another, foster holistic wellbeing, and positively impact our communities in need.

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FINANCIAL MANAGEMENT

126th Boston Marathon Raises $35.6 Million For Area Non-Profits

John Hancock | June 08, 2022

The Boston Athletic Association (B.A.A.) has announced that $35.6 million was raised for more than 200 non-profit organizations through this year's 126th Boston Marathon on Monday, April 18. The B.A.A. Official Charity Program and the John Hancock Non-Profit Program have combined to raise more than $460 million since the charity program's inception at the 1989 Boston Marathon. The $35.6 million raised this year includes donations raised through the B.A.A.'s Official Charity Program, the John Hancock Non-Profit Program, and from other qualified and invitational runners. A total of 2,566 participants ran as fundraising athletes at the 126th Boston Marathon. Further details can be found on the Boston Marathon's fundraising page through GivenGain. "The non-profit community across Greater Boston is resilient, and, as a non-profit itself, the B.A.A. takes great pride in being a catalyst for more than 200 charitable organizations to raise critical funds in support of their missions," said Nicole Juri, the B.A.A.'s Director of Development. "The return to our full field size and traditional Patriots' Day date enabled our non-profit partners to raise even greater funds for a variety of meaningful causes." It is outstanding to see the funds raised by this year's Boston Marathon participants, all in support of non-profit organizations that are a driving force for our community and carry personal meaning for so many. We are committed to making lives better by empowering sustained health and well-being, and we are grateful to help bring that mission to life through the John Hancock Non-Profit Program. Thank you to everyone who worked so hard to make this year's race so inspiring and impactful." Marianne Harrison, president and CEO of John Hancock Earlier this year, the B.A.A. and John Hancock held the first-ever Boston Marathon Giving Day, which resulted in more than $1.1 million in donations over a 24-hour period to the 200 non-profit programs affiliated with the 126th Boston Marathon. Boston Marathon Giving Day was the second largest single day of donations to non-profits connected to the race, behind 2018 #GivingTuesday. The B.A.A. annually provides non-profits associated with the B.A.A. Official Charity Program and John Hancock's Non-Profit Program with invitational entries into the Boston Marathon. Each non-profit organization directly manages its own application process, athlete selection, and fundraising minimums, deadlines, and requirements. The 126th Boston Marathon marked the first Patriots' Day race since 2019 and featured a 98.4% finish rate, with 24,918 athletes from 111 different countries and all 50 states earning their unicorn medals. The B.A.A. will notify non-profit organizations who have been selected to participate in the 127th Boston Marathon as part of the B.A.A. Official Charity Program in Summer 2022. More information can be found on the B.A.A. Official Charity Program and the John Hancock Non-Profit Program. The next B.A.A. event is the B.A.A. 10K presented by Brigham and Women's Hospital on Sunday, June 26. Athletes can register online and compete with Boston Marathon champions and Olympians. Media interested in covering the 2022 B.A.A. 10K may apply for credentials here. About the Boston Athletic Association Established in 1887, the Boston Athletic Association is a non-profit organization with a mission of promoting a healthy lifestyle through sports, especially running. The B.A.A. manages the Boston Marathon, and supports comprehensive charity, youth, and year-round programming. The Boston Marathon is part of the Abbott World Marathon Majors, along with international marathons in Tokyo, London, Berlin, Chicago, and New York City. Since 1986, the principal sponsor of the Boston Marathon has been John Hancock. The 127th Boston Marathon is scheduled to take place on Monday, April 17, 2023. About John Hancock and Manulife John Hancock is a unit of Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities. John Hancock also supports US investors by bringing leading investment capabilities and retirement planning and administration expertise to individuals and institutions.

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NONPROFIT MANAGEMENT

GoFundMe Announces Greg Mrva as Chief Financial Officer

GoFundMe | June 29, 2022

GoFundMe, the trusted leader in online fundraising, announced that Greg Mrva is joining the company as Chief Financial Officer. Greg has over 25 years of experience building finance, strategy and operating teams at leading technology companies and leading investment banking teams advising global technology businesses. He will be responsible for leading GoFundMe’s finance, accounting, business operations and corporate development functions which includes Classy, a leading software platform for nonprofits. Greg will join the company’s executive team and will report to CEO Tim Cadogan. He will play an instrumental role in advancing the company’s vision of becoming the most helpful place on earth. Most recently, Greg was the President of TPG Pace Tech Opportunities, where he led the organization's successful business combination with Nerdy Inc. Prior to TPG Pace Tech Opportunities, Greg was the CFO of StubHub where he sat on both the StubHub and eBay finance leadership teams and was responsible for financial planning, accounting, analysis, operations, management, and strategy. Greg has also held leadership positions at Morgan Stanley, Barclays and Yahoo!. The focus and experience Greg brings to our leadership team will be invaluable as we scale our business, expand into adjacent markets, and continue to build industry-leading tools to help people help each other. Greg’s mix of financial, strategic and operating expertise will be essential as we accelerate growth globally across both GoFundMe and Classy.” Tim Cadogan,GoFundMe CEO “GoFundMe is a unique technology company as people rely on the power of its platform and global community during life’s most pressing moments and to provide support to each other during nearly every world event,” said Greg Mrva. “I’m thrilled to join a company that has become a household name for providing a trusted and efficient way for people to help each other and their communities as well as providing nonprofit organizations with mission critical software to unlock giving.” Mrva joins GoFundMe during a period of sustained momentum. In May, the company announced that it completed the acquisition of Classy, the leading nonprofit fundraising software company. The acquisition creates a global leader in modern giving across B2C and B2B, unlocking new opportunities to service the nearly $500 billion U.S. philanthropic market and reach more people and organizations across the world. About GoFundMe Since 2010, GoFundMe has become a trusted global leader in online fundraising, helping to raise and deliver more than $17 billion from over 200 million donations. Our vision is to become the most helpful place in the world. In 2022, GoFundMe acquired Classy, which has helped nonprofits mobilize and empower the world for good by helping them raise $4 billion on its platform since 2011.

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Spotlight

Institute of Fundraising Ask the Expert series with Gary Kernahan, Head of Volunteer Fundraising at Muscular Dystrophy Campaign. Gary takes an all-inclusive look at community and volunteer fundraising and how you can get the best out of your volunteers.

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