News For This Month: Organizations

Get to meet the Biggest Givers on the Donors List! The good that is done by most philanthropic organizations cannot be understated. There are needy people all over the world who greatly benefit from the work that philanthropic organizations do. One good example of a nonprofit organization that does a lot of good is the good old Salvation Army. This organization receives donations from well wishers and uses them to serve people who are in distress in the 109 countries in which it has a presence. The largest donors in the Unites States gave 5.6 billion dollars in 2016 to Nonprofit organizations,according to The Chronicle of Philanthropy. A downward trend of donations is notable though,with the years 2014 and 2015 receiving lower amounts than had been received previously. Four of the first nine biggest donors on the list were big tech companies while 16 were people who had made their wealth in finance. An interesting fact is that 20% of the total contribution was given by just 9 donors. We have learnt who in general gives towards philanthropy,and now it is about time we got to know who receives all these funds. Continue and discover who received all these donations given last year. Colleges and Universities were the recipient of almost 50% of all donations. It is highly likely that most of the individuals on the donors list felt compelled to give to these institutions because that is where the foundation of their phenomenally successful lives had been laid.
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It appears like some of the truly wealthy really love art. This is because museums received a whopping 293 million dollars of the gifts. Two museums in the United States got a total of 175 million of the donations. 75 million dollars went to The Los Angeles County Museum of Art while 100 million of the gift benefited New York’s Museum of Modern Art.
Smart Ideas: Donors Revisited
If you fund raise for a nonprofit organization that is neither a college nor a museum,don’t lose hope,as 328 million dollars in 2016 was directed towards DAFs(Donor-Advised Funds) and your organization would have qualified for such! Some wealthy people prefer to hand over their gifts to public charity as regularly as they may want but they retain the mandate to give instructions as to who the recipient of their gift will be. This arrangement is a win-win one,where the donor gets to enjoy immediate tax benefits that arise when one donates to a charitable organization and nonprofits benefit by receiving these donations if they happen to be the recipient of choice of these wealthy donor. When you sit down at the next board meeting to strategize on who to approach for funding,think of public charity who might put in a good word for you to the donors.