NONPROFIT MANAGEMENT

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

NABA | June 27, 2022

Grant
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.

Spotlight

With digital advancements, evolving consumer habits and behaviour and increased competition, how do charities adapt to changes and create meaningful relationships with first-time donors?In their Tech for the Common Good report, New Philanthropy Capital warned that if charities don’t adapt to digital, they will become obsolete. According to Lloyds Bank UK Business Digital Index, 58% of charities are without basic digital skills compared to 23% of SMEs.


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FUNDRAISING

Faraday Future Announces New Funding

FARADAY FUTURE | August 16, 2022

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("FF”, “Faraday Future”, or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced the successful execution of a definitive agreement for a new financing facility. The Company continues to have active discussions with multiple capital providers for potential significant additional near-term funding. Under the new financing facility, which contemplates total potential funding of as much as $600 million in a convertible secured notes structure, Faraday Future will receive an initial $52 million of committed funds. Funds managed by ATW Partners, a U.S.-based institutional investor, led the transaction. Investors contributing $27 million (plus up to $31 million from additional investors who commit on or prior to August 17, 2022 and fund on or prior to August 19, 2022) will receive a conversion price of $2.2865 per FFIE share, later contributions will receive a conversion price of $2.69 per FFIE share. All investors will receive 33% warrant coverage with an exercise price of $5.00 per FFIE share. The facility is structured to allow for additional investor participation on similar terms. Other terms can be found in our 8-K filing dated August 15, 2022. Citi served as placement agent, and Sidley Austin LLP served as legal advisor to the Company. Blank Rome LLP and Ellenoff Grossman & Schole LLP served as legal advisors to the lead investor in the fundraising. The Company remains in active discussions with both U.S. institutional investors and international funding sources. These discussions may or may not lead to additional funding commitments beyond what has already been executed. The Company will provide further updates on financing negotiations as appropriate, and upon the conclusion of any additional definitive agreements. “I am very pleased to have this important new committed capital and framework in place for substantial additional funding. We are working diligently to complete this capital raise process in order to raise sufficient new funds to launch the FF 91. Subject to successful completion of this fundraising process, I am confident that we can deliver cars to our customers in late Q3 or Q4, Our Hanford manufacturing facility, recently renamed the “FF ieFactory California” is nearing completion. We have all the equipment on site needed to begin production and are in the final stages of installation. The FF ieFactory California has already produced over a dozen production-intent vehicles. Testing and validation of the FF 91 is well underway, and I am very pleased with the results we are seeing. The FF 91 will be the world’s first ultra-luxury EV and will reset customer expectations for what the future of intelligent mobility can be.” -Dr. Carsten Breitfeld, Global CEO of Faraday Future. ABOUT FARADAY FUTURE: Faraday Future is a class-defining luxury electric vehicle company. The Company has pioneered numerous innovations relating to its products, technology, business model, and user ecosystem since its inception in 2014. Faraday Future aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet, and new usership models. Faraday Future’s first flagship product is the FF 91 Futurist.

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NONPROFIT MANAGEMENT,NONPROFIT TECHNOLOGY

New Esri Initiative Provides Free Geospatial Software for Nonprofits

Esri | August 19, 2022

Nonprofits are increasingly taking a geographic approach to implementing their plans and ensuring the success of their goals. One nonprofit organization recently used geospatial technology to target likely donors as well as identify areas in need while addressing the recent baby formula shortage. To support and advance the missions of similar small nonprofits that may think geographic information systems (GIS) software is out of reach, Esri, the global leader in location intelligence, has launched the Esri Small Nonprofit Organization Grant Initiative. The grant initiative will provide 150 501(c)(3) nonprofit organizations with access to GIS training and software. “The Esri Small Nonprofit Organization Grant Initiative is focused on enabling nonprofits to leverage GIS to achieve their goals while cooperating with local communities, We are proud to assist small nonprofit organizations that are new to GIS, while helping them understand the unique perspective and new insights location brings to data.” -Christopher Thomas, Esri director of government markets. The GIS technology available to grantees will empower nonprofits of all sizes to better communicate their cause, understand communities, act on their mission, measure impacts, as well as extend services, attract volunteers, expand donor networks, and shape public policies. The Esri Small Nonprofit Organization Grant Initiative will provide recipients with One (1) GIS Professional User- ArcGIS Pro, ArcGIS Online Two (2) Creator Named Users- ArcGIS Online, ArcGIS Enterprise Two (2) Viewer Named Users- ArcGIS Online, ArcGIS Enterprise Two (2) ArcGIS Business Analyst Web App Standard Add-Ons Nonprofits working in the areas of civic and humanitarian efforts, economic advancement, conservation, food insecurity, and civil rights can all leverage GIS through this program. The deadline for grant applications is January 31, 2023. Awards will be announced in two phases on November 17, 2022 and February 28, 2023 About Esri: Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in more than 350,000 organizations globally and in over 200,000 institutions in the Americas, Asia and the Pacific, Europe, Africa, and the Middle East, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial information technology, Esri engineers the most innovative solutions for digital transformation, the Internet of Things (IoT), and advanced analytics.

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FUNDRAISING

Natural Grocers® Honors Organic Month in September with Beyond Pesticides Fundraiser

Natural Grocers by Vitamin Cottage | September 01, 2022

Natural Grocers®, known as the nation's Organic Headquarters®, honors Organic Month with a fundraiser for Beyond Pesticides throughout September. Customers will have an opportunity to support the retailer's goal of raising $100,000 for the grassroots organization with donations at the register and a portion of proceeds from the sales of themed reusable shopping bags. Additionally, Natural Grocers will focus its monthly community educational efforts, discounts, samples and giveaways on the organic food movement. ORGANIC HEADQUARTERS: Natural Grocers first introduced itself as the nation's "Organic Headquarters" in September of 2016 to honor the company's longtime history as leaders in the organic movement. The grocery retailer sells only 100% USDA certified organic produce and has been active since its founding in promoting and protecting the integrity of the organic label. All stores are Certified Organic Food Handlers and are inspected annually by an organic certifying agency to ensure they are only using organic-approved processes and cleaning products. This certification, plus the company's commitment to selling only 100% Certified Organic Produce, helps to ensure its integrity from farm to basket to table. Six years later, the company continues its quest to be a national industry model for organic advocacy with customer education and its support for Beyond Pesticides. BEYOND PESTICIDES FUNDRAISER: Beyond Pesticides is a 501(c)3 nonprofit advocacy and grassroots organization that aims to protect public health and the environment by leading the transition to a world free of toxic pesticides. Throughout September, customers can join Natural Grocers in directly contributing to Beyond Pesticides' critical mission of creating synthetic pesticide-free local parks and playing fields. Organic practices mean a healthier food supply – a principle Natural Grocers has been championing since 1955. "As we face existential health and environmental threats from fossil fuel-based pesticides and fertilizers, organic food production and land management provide a real solution, Our partnership with Natural Grocers during Organic Month and year-round is powerful in advancing needed change because organic supporters play a critical role through organic purchasing decisions and support of community efforts to manage parks and playing fields organically. This contributes to safer food production and healthier communities, while protecting our air, land, water, and biodiversity and fighting the climate crisis. Though we're active in our advocacy efforts year-round, we place special emphasis on Organic Month, to recognize and praise our organic supporters!" -Jay Feldman, executive director of Beyond Pesticides. Natural Grocers aims to raise $100,000 in September for the Organic Parks Project with Beyond Pesticides with the following in-store fundraising opportunities: Natural Grocers will donate $1.00 to Beyond Pesticides for every limited-edition Organic Month reusable shopping bag sold (retail $1.99). For every Ladybug Zip Pouch sold (retail $2.99), Natural Grocers will donate $2 to Beyond Pesticides. Customers will have the opportunity to make contributions to Beyond Pesticides ($1, $5 or $10) upon checkout at any one of Natural Grocers' 163 store locations nationwide. GO ORGANIC WITH NATURAL GROCERS: Natural Grocers' Founding Principle of Nutrition Education includes empowering its communities to make informed decisions about their environmental impact. Natural Grocers will be educating customers on environmentally conscious practices in-store, online and on social media related to food, farming and soil health. ABOUT BEYOND PESTICIDES: Beyond Pesticides is a 501(c)3 nonprofit organization headquartered in Washington, D.C, which works with allies in protecting health and the environment with science, policy, and action to lead the transition to a world free of toxic pesticides and synthetic fertilizers.

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FUNDRAISING,NONPROFIT TECHNOLOGY

2022 Raise Awards Honor Nonprofit Innovation and Dedication

OneCause | September 15, 2022

OneCause, a leader in online and event fundraising, recognized fundraising innovation and excellence at its annual Raise Awards ceremony during the Raise 2022 hybrid conference in Chicago, Illinois. Nearly 1,000 nonprofit fundraising professionals came together in person and virtually September 12-13 to learn innovative fundraising strategies from industry experts, connect with fellow fundraisers, and share their knowledge with the nonprofit community. "Celebrating the innovation, commitment, and ingenuity of nonprofit professionals and organizations is what the Raise Awards are all about, Putting the spotlight on those working tirelessly to make the world a better place recognizes the hard work and impact of industry-leading fundraisers and their causes." -Steve Johns, chief executive officer for OneCause. For five years, the Raise Awards have put the spotlight on nonprofits and fundraising professionals who are shaping the future of fundraising. This year's winners include a diverse array of mission-driven organizations, from local organizations creating change in their communities to large nonprofits with international recognition. Innovative Nonprofit of the Year The Innovative Nonprofit of the Year Award recognizes two organizations that uniquely push themselves, inspire others, and consistently reach new heights by implementing new ideas. Anchorpoint Counseling Ministry addressed the growing needs for community services due to COVID-19 by committing to significantly expanding its individual giving program and engaging a local foundation, requesting a three-part challenge grant. They raised 290% more during a 3-month period compared to the same timeframe a year earlier. This result was 290% higher than in the same 3-month period a year earlier. Leukemia & Lymphoma Society responded to the challenging times propelled by the pandemic by quickly pivoting to develop two national virtual fundraising campaigns. Each of these surpassed targets and reached new audiences. In 2021, LLS provided more than 42,000 patients with over $241 million in total grants, a 70% increase from 2020. Storyteller of the Year The Storyteller of the Year Award recognizes two organizations for excellence in communicating their purpose through branding, narrative, and promotion that inform the mind and move the heart. Comfort Cases' story is most often told by its founder, Rob Scheer, who openly shares his own journey in foster care. With more than 250,000 followers on their social media platforms, and as host of Fostering Change, ranked for the second consecutive year as the #1-rated podcast related to issues regarding foster care and adoption, Comfort Cases furthers its mission of inspiring communities to bring dignity and hope to youth in foster care. Since its founding 10 years ago, Comfort Cases has given out more than 185,000 comfort cases filled with essential items to use in each of the 50 states, Washington D.C., Puerto Rico and the United Kingdom. Community Living works to enrich the lives of people with disabilities so they can achieve their highest potential by providing children and adults with services and programs that allow them to live, learn, and work in the community. Their stories aren't about nameless faces, they're about Tyler who was named homecoming king, and Karen who was laid off during the pandemic but is thriving in her new job and just bought a new car. Their storytelling engaged donors, resulting in a 60% fundraising lift compared to the previous year and growing annual recurring gifts by up to 15% and witnessing the frequency of giving literally double. Fundraisers of the Year The Fundraiser of the Year Award recognizes three nonprofit professionals whose leadership, success, and passion for their mission stand out among their peers. Jane Kobak, Associate Director of Major Giving for Opportunity Enterprises: Jane is a true leader and develops strong relationships with staff, board members, clients, and the community. As a result of her dedication, Opportunity Enterprises exceeded their annual revenue budget by over 60% in the recent fiscal year. Jennifer Berger, Director of Development for Rubicon Programs: Jennifer never settles for average. At times, gifts have come unsolicited – without a grant application or specific ask – because donors were so impressed by Jennifer and her passion for Rubicon's work. Rubicon hit their annual fundraising goal in under six months, thanks in large part to Jennifer's leadership. Megan Carfa, Operations and Development Director for Junior Players: Megan not only talks the talk, she walks the walk. She never asks anyone to do anything she won't do herself. She truly inspires everyone around her to take initiative and step up. In 5 short years, Megan's work has expanded their programs tenfold and has contributed to an increase of Junior Players' North Texas Giving Day goal every year— raising 150% of their goal in 2021. Raise Awards winners were selected by a committee of peer nonprofit professionals and industry experts looking for a focus on specific achievements, campaigns, and events from the last 12 months. In addition to the award recognition, winners receive a cash donation to their mission on behalf of OneCause. About OneCause: OneCause is driving the future of fundraising with easy-to-use event and online fundraising solutions that help nonprofits improve the giving experience and raise more money. OneCause builds technology that optimizes everyday generosity, making it easier for nonprofit organizations to fundraise and for nonprofit supporters to give. Since 2008, OneCause has helped over 10,000 nonprofits raise more than $4 billion for their missions. Headquartered in Indianapolis, Ind., OneCause is committed to driving innovation in the charitable sector, bringing together nonprofit professionals across the world for the annual Raise Conference to exchange ideas that further fundraising.

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Spotlight

With digital advancements, evolving consumer habits and behaviour and increased competition, how do charities adapt to changes and create meaningful relationships with first-time donors?In their Tech for the Common Good report, New Philanthropy Capital warned that if charities don’t adapt to digital, they will become obsolete. According to Lloyds Bank UK Business Digital Index, 58% of charities are without basic digital skills compared to 23% of SMEs.

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