Archive for the ‘Fundraising in a Recession’ Category
A New Way to Stimulate Social Enterprise?
Posted by JBA in Fundraising in a Recession, Legal, Legislative & Tax on August 19th, 2009
By Rita Galowich
President, Fund Inc
A JB&A Strategic Partner
Rita Galowich
Last Monday, August 10, the Chicago Tribune carried an article on the formation of a new legal business entity in Illinois: LC3’s. These are for-profit businesses with a strong social leaning that accept program-related investments. Investors to an LC3 can earn a return and hold equity in the company. LC3’s are not tax exempt.
This type of business comes at a perfect time in the state of Illinois, when we are faced with the possibility of tremendous cuts to social service programs due to the huge state budget deficit. If these new businesses can be successful they will provide an alternative way to serve areas currently being served by non-profit organizations that may be in jeopardy.
I see this as a most creative way to maximize social enterprise opportunities in our state at a time when funding has become extremely difficult to come by. What do you think?
Kansas Citians Among Most Generous
Posted by JBA in Capacity Building, Fundraising in a Recession, Giving USA, JBA News & Notes on July 14th, 2009
Giving in Kansas City report
Released July 9 to an audience of more than 300 Kansas City-area nonprofit professionals, and in special sessions with grantmakers, board volunteers and philanthropists, Giving in Kansas City 2008 gives us statistical support for what many of us have suspected all along: Kansas Citians are a very generous lot.
So much so that household giving outpaces national averages by a range of 50% to as much as two times greater for various demographics. And, across all income levels, Kansas Citians give more per household than others across the nation.
Benchmarked against Giving USA, the authoritative source for tracking philanthropic giving in America for more than half a century, and researched by the Center on Philanthropy at Indiana University, Giving in Kansas City received tremendous attention in local media. Visit our site, as well as the Greater Kansas City Community Foundation and Kansas City’s Nonprofit Connect to download a copy of the report, the July 9 presentation on Giving in Kansas City and Giving USA, and to connect to links to KCUR’s coverage on Up to Date with Steve Kraske and front-page coverage in The Kansas City Star.
Starting July 15, the Kansas City nonprofit community can register to attend one of six sessions co-sponsored by JB&A and Nonprofit Connect, along with the Community Foundation, this Fall to look at specific sector data and to share our collective experience with fundraising and how we are reponding to challenges in the current economy.
5 Rules for Fundraising in a Recession
Posted by JBA in Fundraising in a Recession on January 21st, 2009
By Judy Keller, Vice President
Midwest Region
Much has been written about the current economic climate and what past recessions have done to the philanthropic sector, and it may be a bit overwhelming for your organization’s leadership to stay on top of the literature. Just remember, through all disasters, crises, wars and recessions, total giving in the United States over the past 40 years has increased every year except one (1987). Americans are incredibly generous, and, as nonprofit professionals, we must stay not only informed but committed to our organization’s mission. These five rules will help you during a recession. Read the rest of this entry »