University Of Maryland's Non-Profit Initiative Is Changing Higher Education

University Of Maryland | March 20, 2017

Following former Atlanta Hawks owner Bruce Levenson's sale of the team in 2014, Levenson delved right into the non-profit sector, seeding funding of the Do Good Institute at the University of Maryland.

Spotlight

In today's "Morning Must Read," Bloomberg’s Stephanie Ruhle and Tom Keene discuss the philanthropic efforts of Facebook Chief Executive Officer Mark Zuckerberg and his wife, Priscila Chan. They speak with Sam Hodges, co-founder at Funding Circle, on "Bloomberg ‹GO›."


Other News
FUNDRAISING

SpartanNash Foundation Hosts In-Store Fundraiser to Benefit Military Heroes

SpartanNash | July 01, 2022

Food solutions company SpartanNash is proud to join forces with store guests in its annual companywide fundraising campaign to support military servicemembers, veterans and their families. As part of a commitment to serve those who bravely serve, the SpartanNash Foundation fundraiser will run from June 29 to July 10. All money raised will be divided evenly between three nonprofit organizations – Team Red, White and Blue, Operation Homefront and Honor and Remember – providing critical funding. “Our partner organizations go above and beyond every day to serve our troops, veterans and their families who have given so much, many who have been seriously injured or have paid the ultimate sacrifice,” said Senior Vice President and Chief Customer Officer David Sisk, who oversees SpartanNash Military (formerly MDV), a division of the Company and a leading distributor of grocery products to U.S. military commissaries and exchanges worldwide. “We see firsthand the sacrifices our servicemen and women – and their families – make to protect our freedoms every day, and this is an impactful and meaningful way we can continue to support our American heroes regardless of where they live or the care they need within the community.” The three organizations benefiting from this fundraiser support the military community in a variety of ways, including physical and social activity, providing critical financial assistance and family services and honoring those who lost their lives defending American freedoms. “We are able to deliver upon our mission to build strong, stable and secure military families because of the steadfast commitment of supporters like SpartanNash,” said Operation Homefront Chief Revenue Officer Margi Kirst. “SpartanNash allows us to be there for our fellow Americans in their time of need after all they have done for us in our nation’s time of need.” SpartanNash has consistently been on the patriotic forefront of recognizing and identifying the needs of the military community. Through our partnership, we can broaden the message to thousands more who may or may not understand that freedom comes at a very high price.” George Lutz, founder and executive director at Honor and Remember Store guests who visit any participating SpartanNash-owned retail store or fuel center during the fundraising period will have the opportunity to donate $1, $5 or $10 at any checkout lane, or round their total up to the nearest dollar to support the three patriotic partners. Customers, and others interested in participating in this fundraising campaign, can also donate online through Fast Lane. Since 2015, the SpartanNash community has provided $1.75 million in donations to patriotic partners through the SpartanNash Foundation, benefiting veterans service organizations such as Give an Hour, Fisher House Foundation, Blue Star Mothers of America, Inc. and Disabled Veterans National Foundation, in addition to its trio of patriotic partners for 2022. SpartanNash also proudly hires veterans and military-connected Associates as a military-friendly and veteran-friendly employer. About SpartanNash SpartanNash is a food solutions company that delivers the ingredients for a better life. As a distributor, wholesaler and retailer with a global supply chain network, SpartanNash customers span a diverse group of national accounts, independent and chain grocers, e-commerce retailers, U.S. military commissaries and exchanges, and the Company's own brick-and-mortar grocery stores, pharmacies and fuel centers. SpartanNash distributes grocery and household goods, including fresh produce and its Our Family® portfolio of products, to locations in all 50 states, in addition to distributing to the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar, Djibouti, Korea and Japan. In addition, the Company owns and operates 148 supermarkets - primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market - and shares its operational insights to drive innovative solutions for SpartanNash food retail customers. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,500 strong and growing.

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NONPROFIT MANAGEMENT,NONPROFIT TECHNOLOGY

Nonprofit Funding Platform Heroe5 Launches The Good Society, Embracing Web3 Approach to the Sustainable Financial Benefit for Charities

The Good Society | August 10, 2022

Nonprofit funding platform Heroe5™ announced today the creation of The Good Society™ to address the growing need for sustainable funding platforms for charitable organizations. The Good Society becomes the first project focused on Web3 solutions to raise awareness and support global causes working to positively impact our communities. “The Good Society is a vital next step in the evolution of the fundraising industry: a Web3 platform to create art impact experiences, As the world moves to Web3, charities need more fundraising tools to stay ahead of the curve and embrace new ways to engage potential donors. The Good Society will provide those innovations, allowing them to raise critical funding and awareness for vital causes while feeding the public’s growing interest in digital collectables.” -Sebastien Heimann, founding member and CEO of Heroe5 and The Good Society. With each drop 1800 digital collectibles designed by acclaimed artists will be released each month supporting a broad range of nonprofits working to improve the environment, wildlife, human rights, and our collective health and wellbeing. A percentage of these art impact experiences will grant token carriers access to unique events in perpetuity. Artist Nate Mohler created Out of Sight | Out of Mind” for The Good Society’s first program, which benefits Lonely Whale, No More Plastic, and Oceanic Global. The digital collectables, scaled to 3840 x 3840 pixels, 26 seconds in length and layered with white sound, emphasize the risk to fragile ocean ecosystems from the human-caused plastic pollution in urban environments and highlight how much there is left to learn. Three of the many cities featured in Out of Sight | Out of Mind include London, Los Angeles, and Paris. No matter where you live, the oceans provide the oxygen you breathe, nurture the food you eat, and regulate the temperature of the air. Without a healthy ocean we’d have a very different experience on land, said Mohler. This series is not of the oceans but of major cities, which emit 60% of all carbon emissions and make up less than 1% of the Earth’s surface. Similar to my ongoing series ‘Painted Cities’ there are three unique styles intended to bring a more ephemeral and dreamlike memory of the city. One of every 15 of the digital collectibles will also provide owners access to experiences that are provided by the benefiting organizations and artists for each drop. Some of the experiences tied to this premier release include: Two front row seats at Paris Fashion Week Two passes to Oceanic Global’s annual gathering for ocean conservation An annual artist critique call with Nate Mohler Invitations to Lonely Whale's annual leadership virtual town hall which discuss its programs and preview its impact report Digital collectors will easily be able to purchase the artwork with a credit card or Tez, cryptocurrency of the Tezos blockchain, when they are minted on August 12 at 2pm ET. Once sold out, more than $1M (US) in new funding will be available to the benefiting organizations and, as the digital collectables are resold, the organizations will receive residual payments from each transaction. “Lonely Whale’s goal is simple - to keep plastic out of the ocean. We want to thank each person who buys one of Nate Mohler’s striking NFTs through The Good Society, which will support the creative development and market adoption of alternatives to thin-film plastic and directly address the nearly 180 billion polybags used every year by the fashion industry.” - Harry Bernstein, Chief Creative Officer, Lonely Whale. Plastic pollution has become one of the biggest environmental scourges of our time. Microplastics are everywhere: in the deep ocean, in Antarctic ice, even falling rain over mountains and cities. Plastic pollution not only pollutes our planet; it pollutes our blood. We must act and the time is now. We are grateful to The Good Society for entrusting No More Plastic Foundation with this generous funding. With it, we will continue our work to end the cycle of plastics and microplastics flowing into our ocean.Rosalie Mann, Founder & President, No More Plastic. We live on a blue planet. The ocean covers 70% of the surface of the earth and produces every other breath we take. Our well-being is intrinsically tied to the ocean. Thanks to The Good Society and their innovative fundraising platform and model – and to artiste extraordinaire Nate Mohler – Oceanic Global will be able to keep empowering individuals, communities, and industries to create positive change for a thriving ocean, Lea d'Auriol, Founder & Executive Director, Oceanic Global About The Good Society: The Good Society harnesses the power of non fungible tokens to fund global initiatives. Designed by acclaimed digital artists, every month a new NFT will drop that raises awareness and secures funding for nonprofits working to improve the environment, human rights, and our collective health and wellbeing. Led by Sebastien Heimann, the Co-founder & CEO of fundraising platform Heroe5, The Good Society leverages the uniqueness of Web3 to deliver a powerful and recurring source of funding.

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NONPROFIT MANAGEMENT

Survey of US Nonprofits: The Pandemic and an Increased Focus on Racial Equity Are Changing the Sector

Nonprofit Finance Fund | June 09, 2022

The results of the 2022 State of the Nonprofit Sector Survey, released, offer new insights into the well-being of a sector buffeted by the COVID-19 pandemic, deeply impacted by racial injustice, and central to advancing the aspirations of our communities. The survey of 1,168 nonprofits was conducted earlier this year by Nonprofit Finance Fund (NFF) in partnership with Ambit 360 Consulting and EVITARUS. Here is what we learned about the impact of COVID-19 and how the experiences of nonprofits led by people of color compared with those of white-led organizations. As a result of the pandemic, 88% of respondents developed new or different ways of working that led to positive outcomes; 51% of those think these could be permanent changes. As the pandemic took hold, nonprofit leaders pivoted to respond to changing needs – providing home deliveries instead of communal meals, training administrators to provide direct client care, opening childcare for frontline workers, and more. Nonprofits led by people of color saw the sharpest increase in demand, and the survey spotlights the need for more equitable access to resources as communities continue to rely on neighborhood nonprofits." Jen Talansky, vice president of marketing and communications at NFF Demand is rising: 71% of respondents reported that demand rose during the last two years; 86% expect it to continue to rise in 2022, but just 53% think they will be able to meet that demand. While most nonprofits saw an increase in demand for services over the past two years, nonprofits led by Black, Indigenous, and people of color (BIPOC) saw the most marked increase, with 64% reporting a significant (10%+) increase in demand, compared to 47% of white-led organizations. Adapting to demand has had a direct impact on nonprofit employees. Since the COVID-19 pandemic began, 57% of BIPOC-led organizations and 45% of white-led organizations report that employees have carried out duties outside of their job description all or most of the time. "Because of systemic racism, funders need to take purposeful action to advance equity and invest in BIPOC-led nonprofits," said Shakari Byerly, Partner and Principal Researcher at EVITARUS. "We ask a lot from nonprofits, and too often, workers carry the burden when governments and foundations don't pay organizations fairly for the essential services they provide." 70% of respondents overall saw their funding rise during the pandemic from 2019 levels; 71% of all respondents received one or more Paycheck Protection Program (PPP) loans. BIPOC-led orgs were less likely to receive federal funding in 2021 – excluding PPP, 32% of BIPOC-led orgs received federal funding compared with 46% of white-led orgs. BIPOC-led orgs were also less likely to receive corporate donations (58% of BIPOC-led orgs vs 71% for white-led orgs) or to have revenue from investment income (16% of BIPOC-led vs 33% for white-led orgs). "Our organization and the people in our communities benefited greatly from COVID-related support and funding," said Claudia Ramirez, Executive Director of The Society of St. Vincent de Paul of Contra Costa County. "Now, emergency funding has decreased significantly, while we are seeing increased demand for critical services like housing assistance, food, and medical and dental care." Flexible funds help: 57% of nonprofits report that since March 2020, foundation funders have been more flexible with how they use funds. "It is unclear if the improvements in financial health reported at this moment represent a short-term exception due to PPP loans and other emergency funding, or an inflection point for a sector plagued by systemic funding hurdles and persistent inequities," said Larry McGill, Founder and Principal of Ambit 360 consulting. "Having seen trust-based funding work during the pandemic, it's clear that part of the answer is not just increased funding but also loosening funding restrictions so nonprofits can decide for themselves how to spend money in their own communities." Lived experience matters: 57% of BIPOC organizational leaders have lived experience that is representative of the communities their organization serves, as compared to 18% of white leaders. "The survey findings are another clear demonstration of why NFF is doubling down on our commitment to community-centered, BIPOC-led organizations," said Trella Walker, NFF's Interim CEO and President. "It is not enough to sit with declarations of change, it is time to follow the lead of communities of color and support the changes they need." Since 2010, Bank of America has supported NFF's State of the Nonprofit Sector surveys. "Nonprofit organizations continue to be on the frontlines in helping our communities get back on their feet," said Andrew Plepler, global head of Environmental, Social & Governance (ESG) at Bank of America. "The results in the 2022 survey speak to how they've had to recalibrate their efforts and the vital role that public, private, nonprofit partnerships must play if we want to see long-term, sustainable improvement." In the coming months, NFF will offer additional analyses of survey data, including in late July a comparison between the 311 nonprofits who completed NFF's State of the Nonprofit Sector Survey both in 2018 and 2022 to more fully examine the impact of COVID-19 on organizational health. About Nonprofit Finance Fund Nonprofit Finance Fund is a nonprofit lender, consultant, and advocate. For more than 40 years, we've worked to strengthen nonprofit organizations and improve the way money flows to social good. We believe that alongside others we must build a more equitable and just social sector, and are committed to helping community-centered organizations led by and serving people of color access the money and resources they need to realize their communities' aspirations.

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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

In today's "Morning Must Read," Bloomberg’s Stephanie Ruhle and Tom Keene discuss the philanthropic efforts of Facebook Chief Executive Officer Mark Zuckerberg and his wife, Priscila Chan. They speak with Sam Hodges, co-founder at Funding Circle, on "Bloomberg ‹GO›."

Resources