Donor-Advised Funds and Left-Leaning Advocacy: The Big Philanthropic Winners

The Nonprofit Quarterly | November 02, 2017

The Chronicle of Philanthropy’s “Philanthropy 400” list held few surprises this year but it did confirm a lot of things that we all suspected.The information compiled for this annual list of which 400 organizations brought in the most in donations covers each organization’s fiscal year (2016 in this case), so some of the organizations’ information ends in June and some in January.

Spotlight

If your organization is thinking about salary reductions or furlough programs, there are several legal issues to consider and risks to focus on minimizing. Consider questions like these to avoid the possibility of a lawsuit:Will a salary reduction or forced days off result in a breach of contract?Will the program comply with state wage payment laws?


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NONPROFIT TECHNOLOGY

Blackbaud Institute Hosts Content Series Reflecting on the Last Decade of Charitable Giving

Blackbaud Institute | June 01, 2022

The Blackbaud Institute, a research division of Blackbaud, the world's leading cloud software company powering social good, is celebrating 10 years of its quarterly charitable giving index. The Blackbaud Institute aims to keep nonprofit executives informed with sector trends, industry insights and timely, relevant research to help guide their organizations and their teams to success. Tracking over $40 billion in US-based charitable giving from over 8,400 organizations, the Blackbaud Institute Index is updated each quarter and reports year-over-year percent changes and giving to-date for the last 12 months. The Index features overall giving trends and can be viewed by organization size and by subsector. In addition to providing quarterly insights, the Index offers the context that organizations need to leverage the data as a benchmark against their efforts. Conversations for Social Good Professionals To celebrate the 10th anniversary of the Index, the Blackbaud Institute will host a series of free, virtual "fireside chats" with the sector's foremost thought leaders and experts to give nonprofit leaders a clear picture of the trends that have shaped, and will continue to shape, the philanthropic landscape. Invited experts will cover trends and provide new insights around donor engagement, direct marketing, events and leadership. In today's giving climate, social good organizations are continuing to support pandemic-related causes, while responding to heightened awareness of social issues, adopting digital-first strategies, and navigating a new environment with inflation on the rise. Leaders of nonprofit organizations need to be aware of the trends shaping the philanthropic space so they can best position themselves for the future. We're proud to provide charitable trends through the Blackbaud Institute Index, and tactical expertise through our upcoming series celebrating the Index's 10th anniversary." Ashley Thompson, managing director, Blackbaud Institute The Blackbaud Institute's mission is to convene the best minds in philanthropy to develop and share leading edge research and insight that accelerates the impact of the social good community. Operating as part of Blackbaud's commitment to the Ecosystem of Good®, all Blackbaud Institute resources are provided to the social good community free of cost. About the Blackbaud Institute  The Blackbaud Institute drives research and insight to accelerate the impact of the social good community. It convenes expert partners from across the philanthropic sector to foster diverse perspectives, collective thinking, and collaborative solutions to the world's greatest challenges. Using the most comprehensive data set in the social good community, the Blackbaud Institute and its partners conduct research, uncover strategic insight and share results broadly to drive effective philanthropy at every stage, from fundraising to outcomes. Knowledge is powering the future of social good, and the Blackbaud Institute is an engine of that progress. About Blackbaud Blackbaud is the world's leading cloud software company powering social good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility (CSR) and environmental, social and governance (ESG), school management, ticketing, grantmaking, financial management, payment processing and analytics. Serving the industry for more than four decades, Blackbaud is a remote-first company headquartered in Charleston, South Carolina, with operations in the United States, Australia, Canada, Costa Rica and the United Kingdom.

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NONPROFIT MANAGEMENT

ezCater Solves Tax Exemption on Workplace Food for Top Nonprofits Nationwide

ezCater | June 24, 2022

ezCater, the most trusted provider of corporate food solutions, announced a new tax-exempt ordering platform for nonprofit organizations. With ezCater, organizations set their tax-exempt status once and it automatically applies to catering orders from over 95,000 restaurants on the ezCater platform, saving them time and money. Ensuring catering orders are tax-exempt is complicated and time-consuming for nonprofits, requiring each person to file a tax certificate with every restaurant that they order from. This is even more complicated for organizations that order food across multiple states. We've taken something that should be simple and made it simple. Nonprofits have many important things to worry about, and this solution allows them to put time back into their missions, instead of wasting it on unnecessary paperwork." Diane Swint, Chief Demand Officer at ezCater "ezCater makes handling the tax-exemption process for my team an easy feat," said Matthew Boone, Head Coach of Track and Field at Jacksonville State University. "Keeping track of paper receipts and creating multiple expense reports was such a headache. Not only do I have peace of mind that ezCater is storing the information for me, but my team has easy access to high-quality meals on the road." The Children's Inn at the National Institutes of Health (NIH) is a nonprofit that supports children, teens, and young adults with rare and serious diseases by providing a free 'place like home' for them to stay while participating in clinical research trials. The Inn has selected ezCater to order meals for the families. However, meeting various dietary restrictions and avoiding food waste becomes complicated. With ezCater, meals arrive individually selected, packaged and labeled, and The Inn's tax-exempt status is automatically applied to every order. "Our job is to serve and provide support to families during some of the most difficult times of their lives," said Emily Johnson, Family Program Operations Manager for The Children's Inn at NIH. "ezCater's ability to automate tasks like ordering each meal and researching restaurants that accept our tax exemption allows my team to focus on what really matters." With an ezCater Corporate Account, businesses have easy access to all products within ezCater's suite of corporate solutions. This includes features like invoicing, custom checkout and reporting, organization-wide tax-exempt ordering, recurring employee meals, and concierge food ordering. About ezCater ezCater is the most trusted provider of corporate food solutions. With a network of 95,000 restaurants across the US, ezCater provides flexible and scalable food solutions for everything from daily employee meals to sales meetings. ezCater is purpose-built for business and supported by best-in-class customer service, enabling companies to centralize and manage their food spend in a single, customizable platform.

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NONPROFIT MANAGEMENT

NABA Announces $1M CLA Foundation Grant to Grow Black Talent in Accounting

NABA | June 27, 2022

NABA, Inc., a nonprofit member-based association for accounting, finance, and business professionals announced that it received a grant of $1 million from the CLA Foundation to seed the nonprofit’s new Pathway to College program, support human capital needs, and create scholarships. “I am excited to path and pave a more just world together with the CLA team,” said NABA President and CEO Guylaine Saint Juste. “The $1 million grant allows us to design programs and services to give more young Black Business Leaders a sense of belonging that increases their propensity to choose accounting as a field of study and career pathway.” CLA (CliftonLarsonAllen LLP) and NABA commemorated their relationship in September 2021 with a first of its kind corporate sponsorship to help fuel the organization’s mission to advance diversity, equity, and inclusion within the profession. Through this work with NABA, CLA continues to increase workforce diversity and expand its pool of talent and improve the representation of Black individuals within the firm and the accounting profession. We’re working to significantly increase the number of accountants in the United States, not just for CLA, but across the industry. And we’re doing it with an inclusive mindset. Attracting and retaining talented diverse professionals is essential to the future of the profession. NABA is helping us do this within our own walls, even as we help NABA advance its programs and initiatives.” Jen Leary, CEO of CLA, one of the leading professional service firms in the United States The CLA Foundation grant was presented to Saint Juste at the NABA RECHARGE convention held in Hollywood, Florida June 21 – 24. CLA sponsored the NABA RECHARGE convention at the ”Pacesetter” level and hosted two sessions: “Be Well and Belong — Investing in Your Authentic Self” (for students) and “Living Your Inspired Career” (for professionals). “Our relationship with CLA is so much more than a dollar figure,” said Saint Juste. “From shared work spaces to strategic visioning to leadership consulting, we give each other energy and insights to continue to make headway toward our goals.” NABA’s Pathway to College program is designed to support Black high school, community college, and Historically Black Colleges and Universities students’ pathway into the public accounting and advisory profession, offering work experience along the journey. In addition to supporting the Pathway to College program over the next five years, a portion of the grant funds will be set aside to create a base for scholarships with lasting impact. CLA also plans to offer paid internships to students throughout the five-year grant commitment. These internships will provide students with real work experience to support them on their journey to becoming accounting professionals. CLA’s promise is “to know you and help you” and this includes its clients, its people and its communities. This grant is an example of how CLA is working with NABA to truly impact the Black community. “I believe the impact we have with NABA in the Black community will be replicated in the future,” said Leary. “I’ve seen our CLA Foundation contributions rise every year since inception. I couldn’t be more thrilled about the opportunities we have to support the communities in which we work and live, with equity, inclusion, and a dose of joy.” All CLA Foundation grant nominations originate with CLA team members. Since 2015, the CLA family has awarded over $6.5 million through 388 grants to organizations across the country. Learn more about the CLA Foundation. About NABA NABA, Inc. is a nonprofit membership association dedicated to bridging the opportunity gap for Black professionals in the accounting, finance, and related business professions. Representing more than 200,000 Black professionals in these fields, NABA advances people, careers, and the mission by providing education, resources, and meaningful career connections to both professional and student members, fulfilling the principle of our motto: Lifting as We Climb. About CLA CLA exists to create opportunities for our clients, our people, and our communities through industry-focused wealth advisory, digital, audit, tax, consulting, and outsourcing services. With more than 7,500 people, 121 U.S. locations, and a global vision, we promise to know you and help you.

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PHILANTHROPY

Abby Axelrod-Wunderman CAP Joins Fiduciary Trust International as Philanthropic Director for Family Office Services, Foundations & Endowments

Fiduciary Trust International | June 20, 2022

Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Abby Axelrod has joined the firm as philanthropic director for family office services, foundations, and endowments. In her new role, Ms. Axelrod will assist families and nonprofit organizations across the country with board governance and dynamics, next-generation education, grantmaking, strategic visioning, fundraising and revenue diversification, and high-impact investing. Abby’s experience working with nonprofits and high-net-worth families will help us continue to enhance our nationwide philanthropic strategy, planning, and administrative support offering. We remain committed to meeting the complex, evolving needs of our clients, and enabling them to maximize the community impact they can make using their wealth.” Paul Cummings, head of family office services, foundations, and endowments Prior to Fiduciary Trust International, Ms. Axelrod served as director of charitable giving at the Community Foundation for Palm Beach and Martin Counties. Earlier in her career, she launched a private family foundation for a top hedge fund manager. Ms. Axelrod has been a consultant to various nonprofit organizations in Florida, South Carolina, and Virginia, and continues to serve on the advisory board of Impact the Palm Beaches. She is also a member of the board of the Elite Foundation. “Fiduciary Trust International has an outstanding reputation in the nonprofit community as a trusted advisor to foundations and endowments,” said Ms. Axelrod. “I am proud to join this firm’s team of dedicated professionals as it continues to grow its philanthropic solutions.” Ms. Axelrod contributes content about philanthropy to The Daily Drip, a Florida-based media company. She earned a master’s degree from Winthrop University in South Carolina, and graduated summa cum laude with a bachelor of arts from the University of Kent in Canterbury, England. Ms. Axelrod holds the Chartered Advisor in Philanthropy (CAP) designation from the American College of Financial Services. About Fiduciary Trust International Fiduciary Trust International, a global wealth management firm headquartered in New York, NY, has served individuals, families, endowments and foundations since 1931. With over $98 billion in assets under management and administration as of March 31, 2022, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The New York-based firm and its subsidiaries maintain offices in Coral Gables, FL; Boca Raton, FL; St. Petersburg, FL; Radnor, PA; Lincoln, MA; Los Angeles, CA; San Mateo, CA; San Francisco, CA; Washington, DC; Wilmington, DE; Reston, VA; and Atlanta, GA. About Franklin Templeton Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.45 trillion in assets under management as of May 31, 2022.

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Spotlight

If your organization is thinking about salary reductions or furlough programs, there are several legal issues to consider and risks to focus on minimizing. Consider questions like these to avoid the possibility of a lawsuit:Will a salary reduction or forced days off result in a breach of contract?Will the program comply with state wage payment laws?

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