Corporate Spending Increases, Focuses Narrow
According to the Corporate Giving Standard (CGS) survey , conducted by the Committee Encouraging Corporate Philanthropy (CECP), corporations are increasing their annual giving, though very slowly. While 60 percent of respondents reported increasing their contributions since 2009, many are also reducing the number of institutions to which they give. Companies surveyed tended to concentrate their giving efforts on a single program area, with many focused on Education and Health and Social Services. Only 4 percent of companies were highly dispersed in their giving (defined as less than 20 percent of giving in any single program area). More than 31 percent of companies gave 50 percent. Read More.
Some Nonprofit Organizations Benefit from the Gift of Space
In trying economic times, charitable organizations are often most affected. When money is scarce, nonprofit organizations and donors often have to be creative in the way donations are made. Many companies and individuals no longer have the financial resources to make gifts but still want to give. For some fortunate nonprofits, these gifts come in the form as office space. The Richmond-Times Dispatch has illustrated the ways the gift of space has helped organizations in need. “It’s been a wonderful, wonderful gift for us,” said Suzanne Miller-Cormier, director of Central Virginia’s Legal Information Network for Cancer, which moved into new offices in. Read More.
Finding Additional Revenue Opportunities in a Down Economy
By Kurt M. Miller , Cherry, Bekaert & Holland, L.L.P. (CB&H) In this rapidly changing economy, most nonprofit organizations are watching their bottom lines suffer. Investment losses and other factors are weighing heavily on the decrease in net income, which is forcing organizations to evaluate operations with a fresh eye. Initially, most organizations focus on cost containment. But once costs have been cut to bare levels for continued operations, it is the time to turn to what may generate additional revenue moving forward. Corporate Support Many nonprofits solicit corporations for contributions to support their operations. However, now that we are experiencing the worst. Read More.