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GuideStar, the BBB Wise Giving Alliance, and Charity Navigator don't ever want to hear you say these words again:
Why? Because you do both your organization and your donors a great disservice when you focus on overhead as the key indicator of your worthiness to receive donations.
According to the new edition of Foundation Center’s Key Facts on U.S. Foundations, the country's 86,192 foundations held $715 billion in assets and distributed a record $52 billion in 2012. This annual research study estimates 2013 giving at $54.7 billion and the outlook for 2014 is for growth to continue ahead of inflation, with independent and family foundations growing at a higher rate than other types of foundations.
Among the key findings in the report:
From Daniel Moore, Pittsburgh Post-Gazette:
Five foundations are pooling close to a million dollars to create the New York City Cultural Agenda Fund to strengthen the City’s arts advocacy network, develop a cohesive agenda for cultural policy, and promote equity within the sector. Under the combined leadership of the Booth Ferris, Lambent, and Robert Rauschenberg foundations, The New York Community Trust, and the David Rockefeller Fund, the NYC Cultural Agenda Fund is expected to make grants of more than $700,000 over the next 18 months. Additional funders are encouraged to join.
During the months of November and December, GIA's photo banner features artists and projects supported by Rasmuson Foundation.
Established in 1955 as a private family foundation, Rasmuson Foundation has a proud history of grantmaking in Alaska, including a major focus on support of arts and culture throughout the State. The Foundation directs support in the cultural sector through several channels, including direct financial support of individual artists, arts in education, museum collections and conservation, arts and cultural organization sustainability, performing and visual arts exhibition touring, and capital project support. It is also committed to strong national partnerships, including United States Artists and ArtPlace America.
Former GIA Board member John Killacky posts to The Green Room, a blog from Walker Art Center in Minneapolis:
In 2009, The Wallace Foundation launched the Strengthening Financial Management (SFM) initiative, a comprehensive multi-year intervention to improve the financial stability and planning of 26 nonprofit Chicago organizations that were providing afterschool programming. A new report by the management consulting firm CFAR Differences a Day Can Make: Exploring the Effects of an Abbreviated Intervention on Improving Financial Management for Youth-Serving Organizations examines the effectiveness of a one-day workshop and series of webinars offered to nonprofits by the consulting firm FMA as part of the SFM initiative.
Anthony Mazzocchi is former Director of Fine and Performing Arts for the South Orange/Maplewood School District, where he launched one of the first K-4 Suzuki Violin programs in New Jersey. During his stay, the district was designated “One of the Best Communities for Music Education” by the NAMM Association, and he was nominated for the first ever GRAMMY Music Educator Award by the GRAMMY Foundation. He posts here to The Village Green of Maplewood and South Orange: