News/Stats/Studies
Arts grantmaking in the U.S. ignores big chunks of culture and society, a new report says.
Big organizations get over half the funding awarded each year to arts and cultural groups but represent less than 2 percent of them, while only 10 percent of arts funding explicitly benefits underserved communities, says the report by the National Committee for Responsive Philanthropy.
Chase announced the launch of the fourth installment of its successful Chase Community Giving program that will determine the allocation of over $3 million in Chase grants to 100 charities selected by Facebook users. Facebook users can vote for their favorite charities through the Chase Community Giving application on Facebook. The Fall 2011 program will award a share of the Chase grants through one round of voting between Nov.r 8 at 12 p.m. EST and Nov. 22 at 11:59 a.m. EST
With its economy on the rise, India is now, more than ever, a country with money to spend, and give. As shoppers flood markets looking for gifts, it's clear that many Indians are indeed spending big on friends and family. But research suggests that charitable giving is not necessarily keeping pace.
India's superrich have been relatively slow to give. Bain & Co.'s 2011 India Philanthropy Report found that India's wealthy are giving away between 1.5% and 3% of their yearly income.
Half of big companies gave more to charity in cash and products last year than they did in 2007, just before the recession took hold, according to a report released by the Committee Encouraging Corporate Philanthropy.
However, not all companies are increasing their giving: One-fifth of companies last year gave a fourth of what they did before the recession started.
Promotional products retailer 4imprint donated in-kind to 47 nonprofit organizations and charities throughout the U.S. and Canada in the third quarter of 2011 as part of its one by one(TM) philanthropic giving program. These donations come in addition to the 113 donations already made in the first and second quarters of this year.
A new report by Indiana University faculty members evaluates the state of philanthropy and sets forth recommendations for increasing giving with measures that include improving relationships with donors, strengthening public awareness and reaching new audiences. The report, Growing Philanthropy in the United States, was released Oct. 28. It addresses the fact that philanthropic giving in the United States has remained static for decades, despite the best efforts of fundraising professionals and nonprofit organizations.
Fidelity Charitable, the nation's largest donor-advised fund program, reported that despite continued economic challenges, American donors surveyed this month report they remain committed to charitable giving, planning ahead for it and giving even where there is no expectation or incentive to do so. In addition, the majority of American donors (72 percent) plan to maintain or increase their level of charitable giving this year compared to last year. This number is up from 63 percent in 2010.
With the U.S. economy stuck on pause, or perhaps headed for a double-dip recession, nonprofits must plan for the possibility that public funding may never fully rebound and even may continue to shrink, a new report says.
And with the rise in unemployment, which historically has correlated to a drop in individual giving, and with flagging consumer confidence, "it is unlikely that philanthropy will be able to shoulder the decline in public finance," says the report "The Public Finance Crisis: Can Philanthropy Shoulder the Burden," by Changing Our World.
When Ellen West, director of global communications and public affairs at Google, accompanied a friend to a 2010 fundraising event at Ghetto Film School in New York, she decided to do much more than write a check. At Ms. West’s urging, Google later gave the nonprofit, which teaches New York City teenagers to become filmmakers and storytellers, a $500,000 donation.
In spite of the economy, two-thirds of America’s leading nonprofits engaged in cause marketing expect to form more business alliances in 2012, a survey by the Cause Marketing Forum reveals.
Of the nine past nonprofit winners of CMF’s highest honor, the Cause Marketing Golden Halo Award, 67 percent expect to be involved in more cause marketing campaigns in 2012, the CMF survey revealed. Twenty-two percent expect to field the same number of corporate partner programs in 2012 that they did this year.