Time for Womens Giving Circle in St George?
The impact of the recession on Utah nonprofits: our final economic dashboard makes national presss
Utah Sees 38% Decline In Nonprofits Since 2009: Report (Huffington Post)
Our Scholarships in the news:
The impact of the recession on Ogden nonprofits - and plans for the future
Sumner Redstone has made a $100,000 grant to the foundation's Safe To Talk Fund to support anti-bullying efforts in the LA School District
The City Weekly covers our work to create local funding efforts for social enterprises
Read about our Social Enterprise mini-grant recipient - the Murray Boys and Girls Club Snack Shack! Click on the links below for more on the Snack Shack and how its helping teach kids financial literacy.
Giving by U.S. foundations was about $46.9-billion last year, While that sounds like a lot, it is only a 2% increase over 2010 and a more than 2% drop from 2009, according to a new study on foundation giving. But here is where it gets scary - when inflation is taken into account, giving was actually down from 2010. That has been the case her ein Utah, where the average budget of a nonprofit is the same as it was in 2008.
Our 24 hour Day of Giving March 22 will help nonprofits across Utah reach people in their 20s and early 30s - and it turns ot they are donors! A new survey of more than 6,500 people ages 20 to 35 shows they are inclined to give - and are more than willing to ask their friends and relatives to do the same - when they feel passionately about a cause. This bodes well for viral efforts like Live UT Give UT. Nearly 75% of young people in the survey said they gave money to a nonprofit in 2011, and a very exciting 70% said they have helped solicit donations by encouraging colleagues and others to support a cause. Our advice - get the email addresses and facebook links to everyone you know under 30 and we'll do our part to give them an easy way to encourage them and their friends to donate.
The Safe to Talk fund supports initiatives, awards, scholarships, programs or products that enhance the general health and safety of schools and educational institutions, their students and staff.
If you do not have your 501 (c) 3 or don't need to start one, but still have a charitable purpose some organizations (including the Community Foundation) will offer 'fiscal sponsorship' services for a fee. Normally, the concern is on the sponsors end - will organization meet reporting requirements, liability concerns etc. After all it is their tax status that is on the line. But this story shows that finding a good partner is just as important on the organization's side. The FBI is investigating the apparent disappearance of an estimated $1 million in donations that about 200 nonprofits reported losing when the organization that handled their finances abruptly shut down this year, forcing some groups to curtail their charity work. You can read the LA Times article here.
- 54% of Utah nonprofits are so small they are not required to file a 990 tax form with the IRS
- and only 27% reported revenues of over $50,000
The recession may have dealt an even harder blow to the sector than we have been reporting. It is hard to imagine how any functional agency, even one fully staffed by volunteers, can survive on no donations, no assets and no other form of income. Yet of our 5,350 registered charities - people the IRS has given a tax exempt status to, fully 2,291 - 43% - made the effort to report to the ITRS that they had ... nothing. No cash on hand, nothing coming in, and no retained assets. Zilch. Nada.
No future? No service?
Thanks to each of the people, companies and communities who have established a fund to serve our communities for good, and forever. To learn more, call (801) 559-3005.
Donor Advised Funds
- 19 Anonymous
- Barabino Huebner DAF
- Bill Phillips Fund
- BKN Fund
- Broman Family Fund
- Corbin B and Kara Church Family Fund
- Donna Loy Gossner Fund
- Elliott-Hall Fund
- Everest Family Fund
- The Fletcher Family Fund
- The Kerr-Jackson Fund
- The Kingfisher Fund
- Jane and Tami Marquardt Donor Advised Fund
- LJJ Fund
- P.I.R.M Partners in Real Missions
- The Adam Galinsky Fund
- The Alex Conine Memorial Fund
- The James McMinimee Pay It Back Fund
- The Robin Mueller Memorial Fund
- The Pulos Family Fund
- The Sherrie and David E. Gee Community Fund
- The Susan and David Denton Charitable Trust
- The Sondak Nelson Bois Family Fund
- The Topper Family Fund
- ZPD Fund
- 4th Street Clinic Agency Endowment
- ACE Agency Endowment
- And Justice for All
- Bear River Land Conservancy
- Boys and Girls Club of South Valley Endowment - Public
- Canary Garden Designated Endowment Fund
- Columbus Dignity Through Work Endowment
- Egg Fund for the Tracy Aviary
- League of Women Voters Salt Lake Legacy Fund
- Make A Wish Foundation of Utah Endowment
- Salt Lake CAP Head Start Endowment
- The Sharing Place Endowment
- The Utah Community Forest Council Fund
- Thomas N and Nancy E Nissalke Fund for the YMCA
- Utah Partners for Health
- Wasatch Community Gardens Endowment
- Women's Giving Circle Endowment Fund
- Chapman Richards Cares
- Spring Retail Group Charitable Fund
- The Terillion Blue Star Fund
The Utah Fund
Field of Interest Funds
- LGBT Community Endowment Fund
- The Safe to Talk Fund
- The Utah Womens Giving Circle
- Utah Natural Heritage Fund
- Equality Leadership Scholarship Fund
- Ezme Service Animal Fund
- Greg Warnock and Alan Hall Entrepreneur Scholarship Fund
- Home Education Leadership Scholarship
- Natural History Museum of Utah Youth Teaching Youth Scholarship Fund
- The Ostergar Scholarship
- The Steven Magelby Memorial Law Student Fellowship Fund
- Willy The Plumber Scholarship
The intersection of government and women’s issues in Utah! Join us in a lively discussion with women from the Utah LDS Democrats, former congresswoman Karen Shepherd, and a women representative of the GOP (more to come).
We will convene on Saturday, November 3, at The Town Club in Salt Lake City at 1081 East South Temple from 4:00 – 6:00 in the afternoon. As always, interested friends and associates are warmly welcomed and encouraged to come. If you are not yet a Circle member visit us here to find out who we are, what we do, and how we do it.
We look forward to seeing you there!
Trish Coughlin, Peg Hunt & Mary Beth Riemondy
Thanks to Jacki Zehner for sharing these data about the differences - and similarities - between male and female donors at the USFR annual conference. What makes us happy that giving circles - like Women Moving Millions, the United Way's Women's Philanthropic Network and our own Giving Circle are a favorite tool for women. The Bank of America Merrill Lynch 2011 Study of High Net Worth Women's Philanthropy found
- Women’s networks were also found to be highly positive for women donors, the study found women in networks are more loyal to philanthropic causes, more educated and informed about philanthropic choices, and more trusting of nonprofits than others. The study found that women in giving networks are more intentional about their gifts of time and money.
If you love these kind of data download Jacki and her assistant Perry's full report. And be sure to subscribe to Jacki's blog!