Schwab Charitable Facilitated More Than $1.5 Billion in Grants in FY17

Philanthropy News Digest | July 13, 2017

Schwab Charitable, the San Francisco-based donor-advised fund provider, has announced that it facilitated more than $1.5 billion in grants in fiscal year 2017, a 34 percent increase over the previous year. During the fiscal year that ended June 30, Schwab donors supported more than 65,000 charities and recommended nearly 310,000 grants, up 29 percent from the 240,000 grants recommended in fiscal year 2016. Roughly two-thirds of all contributions to Schwab Charitable accounts were non-cash assets. Contributing an appreciated investment or asset held for more than a year to a public charity such as Schwab Charitable generally allows donors to avoid capital gains taxes on the sale of those assets, increasing the funds available to them to give by as much as 20 percent.


Big promises are being made about artificial intelligence (AI) and how it will impact our lives. Experts say AI is slowly “edging” its way into daily life, but tectonic changes in transportation, the workplace, and lifestyle have yet to pass. So, when will AI truly “arrive”? In some areas, it already has. One such area generating substantial value is, perhaps surprisingly, the nonprofit space. While nonprofits aren’t historically at the forefront of technological advancement, this sector is quietly becoming an early adopter of AI.

Other News

GolfStatus and Dormie Network Launch "Play It Forward" Campaign

GolfStatus | June 02, 2022

GolfStatus, the leading technology platform for nonprofit and charity golf fundraisers, is teaming up with its giving partners at Dormie Network and Dormie Network Foundation for the Play It Forward campaign to give back to organizations that are using golf to make an impact. Now in its second year, the campaign is a unique opportunity to "play" it forward. Individuals nominate a golf fundraiser to receive a $10,000 donation and have the chance to win a one-year honorary membership to Dormie Network, a national network of private golf clubs, plus a $10,000 credit toward onsite golf and lodging. From small, local fundraisers to massive charity tournaments, golf is a great way to bring people together in support of a cause. Play It Forward celebrates organizations golfing for good and doing incredible work in their communities and beyond." Brian Schenk, Chief Philanthropy Officer at the Dormie Network Foundation The 2021 Play It Forward nonprofit winner was the Cameron Steinberg Foundation's inaugural golf fundraiser, which was nominated by Dr. Michael Gaies. The Foundation honors the life of Cameron Steinberg, who was born with hypoplastic left heart syndrome and tragically passed away at just two months old. Cami's parents, Mel and Sam, created the Foundation to help families affected by congenital heart disease. The $10,000 donation was made to the Foundation's second annual golf tournament, held May 23, 2022. The event's second year utilized GolfStatus's golf event management platform—which is available at no cost to qualifying nonprofit organizations through the Golf for Good program—and more than doubled the dollars raised from its first year. The giveaway launched May 31 and nominations will be accepted through July 4. Winners will be announced via press release and on GolfStatus's and Dormie Network's social media channels in August. About GolfStatus GolfStatus is golf's premier tournament management solution and golfer engagement platform. Its full-service tournament management software streamlines outings from start to finish, yielding professional, high-end events that add value for golfers, sponsors, and golf facilities. Through, we make our powerful technology accessible to nonprofits to streamline fundraisers and help charitable organizations engage more supporters, raise more mission-critical funds, drive impact, and do more good. About Dormie Network and Dormie Network Foundation Dormie Network is a national network of private destination golf clubs that includes ArborLinks in Nebraska City, Nebraska; Ballyhack Golf Club in Roanoke, Virginia; Briggs Ranch Golf Club in San Antonio, Texas; Dormie Club in West End, North Carolina; Hidden Creek Golf Club in Egg Harbor Township, New Jersey; Victoria National Golf Club in Newburgh, Indiana; and a seventh course built from the ground up in the Nebraska Sandhills, with a planned opening of 2024. Each offers a premier golf experience in a relaxing and accommodating environment ideal for business or leisure. The Dormie Network Foundation supports nonprofits through in-kind donations and direct cash grants, and seeks to build long-term relationships with its nonprofit partners to help them raise the bar on fundraising opportunities.

Read More


Blackbaud Names Chris Singh Chief Customer Officer

Blackbaud | June 22, 2022

Blackbaud, the world's leading cloud software company powering social good, appointed Chris Singh as Chief Customer Officer. Singh is the first leader to hold the newly created position at Blackbaud, representing a significant next step in the company's commitment to customers and their end-to-end experience. I'm thrilled to announce Chris's promotion to Chief Customer Officer. We're dedicated to delivering a best-in-class experience for our customers, and this central position focused on their success will help us provide better support as a trusted partner and enable our customers to drive even more impact for social good." Mike Gianoni, president and CEO, Blackbaud Singh first joined Blackbaud in May 2021 as senior vice president of Customer Success and has already demonstrated impact in his first year with the company by: Conducting more than 300 customer enablement sessions with over 53,000 attendees to help customers get the most out of their Blackbaud solutions through strategic insight Creating a critical response center to identify and manage high priority customer issues with diligence and speed Working cross-functionally to programmatically mature customer product usage and utilize data strategy to deliver value to customers Increasing proactive customer engagements with a focus on outcome and strategy In his new role, Singh will oversee strategy and execution of the customer experience across Blackbaud under a shared vision to deliver at every stage of the customer life cycle. "The addition of the Chief Customer Officer role solidifies Blackbaud's stake in putting customers first," said Singh. "This role will ensure that throughout the customer life cycle, we are delivering on outcomes and great experiences in a seamless and consistent way. It will ensure that investments are made to scale and continuously transform our end-to-end customer experience as technology and businesses evolve. It means Customer Success will have board visibility and be fully accountable to deliver on the promise of great customer experience and value realization." Prior to joining Blackbaud, Singh served as senior vice president of Customer Engagement and Experience at SAP, where he created the SAP brand of SAP Preferred Success—a best-in-class Customer Success Management program that helped thousands of customers in 53 countries meet their business and strategic goals in the cloud. He has held key senior leadership roles in product and software development, innovation, engineering and customer success. He has demonstrated success in achieving significant gains in customer satisfaction, references, renewals and incremental cloud subscription revenues. In addition, Singh serves on several boards as an advisor and is a social media influencer and thought leader on customer success, innovation and value-based technology trends. He is deeply passionate about people and making communities stronger, and he supports many social good causes. 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.

Read More


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.

Read More


Givebacks Selects Wildfire Systems' White Label Rewards Platform to Drive Nonprofit Fundraising

Wildfire Systems | May 18, 2022

Wildfire Systems Inc., an innovative financial technology platform that powers reward programs and shopping companions, today announced that Givebacks is harnessing the power of Wildfire's white label rewards platform to fuel fundraising initiatives for over 1 million 501(c)(3) nonprofit organizations. Givebacks is leveraging Wildfire's cashback rewards technologies to create programs for nonprofits to earn a share of the e-commerce purchases made by their supporters. This approach to fundraising automatically provides causes with 1% of each shopper's online purchase and allows consumers to donate additional cashback funds from purchases made at tens of thousands of brands in Wildfire's global merchant network. "We're excited to work with Givebacks to help nonprofits achieve their fundraising goals," said Jordan Glazier, CEO, Wildfire Systems. "This novel use of our platform allows people to easily support their favorite causes simply by shopping online while using the Givebacks desktop and mobile extensions powered by Wildfire." Our partnership with Wildfire has allowed us to create an entirely new way for nonprofits to scale passive fundraising efforts, generating regular donations from their supporters, which we call Backers. With more than 25,000 merchants to earn shopping rewards from, we've made it simple for Backers to receive cashback on their purchases, which benefits them as well as the cause they've chosen to support. The Wildfire rewards platform allows Givebacks to reach more people and raise more funds for organizations such as PTAs that depend on donations from small donors." Robert Costa, COO, Givebacks Wildfire's enterprise platform allows partners such as Givebacks, as well as banks, fintechs, and technology companies to deploy turnkey rewards programs with a suite of offerings including cashback offers, coupons, and turnkey shopping assistants across all mobile and desktop interactions. About Wildfire Systems, Inc. Wildfire Systems provides an enterprise platform which enables clients to embed social commerce, cashback rewards, digital coupons, and shopping companions within their existing services. Wildfire's patented suite of technologies rewards online shopping and harnesses digital word-of-mouth, delivering enhanced user experiences, consumer loyalty, and new revenue streams for clients. Wildfire drives incremental revenue for over 50,000 online merchant programs in over 50 countries. The company is based in San Diego and was founded in 2017.

Read More


Big promises are being made about artificial intelligence (AI) and how it will impact our lives. Experts say AI is slowly “edging” its way into daily life, but tectonic changes in transportation, the workplace, and lifestyle have yet to pass. So, when will AI truly “arrive”? In some areas, it already has. One such area generating substantial value is, perhaps surprisingly, the nonprofit space. While nonprofits aren’t historically at the forefront of technological advancement, this sector is quietly becoming an early adopter of AI.