The funds are now worth more than a third more than they were before the recession started, propelled by a 46-percent increase in donations last year, a Chronicle study finds. read the full report here: Donor-Advised Funds Keep Up Rapid Growth
The Center for Effective Philanthropy just completed a study saying that nonprofit leaders want greater transparency from foundations about what grantmakers are learning and how they assess grantee performance and impact. Less than a third of the folks surveyed said they understood how foundations use the information they provide, 44 percent are unclear about how their efforts fit into the funders' overall work, 51 percent said they wanted "a lot more" transparency about what foundations are learning, and more than 75 percent wanted more transparency about the impact that foundations are having.
I wonder how well we are doing on this front. We have not done much grantmaking - the Social Enterprise Mini Grants and the grants available through Love UT Give UT. What can we do differently? Better?
Social Programs Seek Ways to Cope With Federal Budget Cuts
The federal budget cuts known as sequestration are hitting home for social-service and other groups nationwide, with many struggling with layoffs and service reductions, writes The New York Times.
The number of billionaires committed to giving away their wealth has edged up to 114. The new donors include people with backgrounds in apparel, finance, politics, real estate, and technology. Read who they are here 11 More Donors Sign the Giving Pledge
The LGBT Community Endowment Fund is a permanent endowment of the Community Foundation of Utah and supports Utah’s lesbian, gay, bisexual and transgendered (LGBT) community by raising money and distributing grants for programs that enhance the lives of LGBT people in Utah.
We are announcing our first open grant process. Grants will range from $1,000 to $5,000 and are due July 1st.
Priorities for funding are those programs that:
- address the needs of lesbian, gay, bisexual and transgender people throughout Utah;
- increase the LGBT community’s access to public services;
- build the LGBT community and promote awareness of and respect for LGBT individuals and their impact on the common good;
- foster collaboration and promote constructive dialogue between gay and non-gay people; and
- provide a permanent source of support for organizations serving the LGBT community.
Specific requests for 2013 grants: As this our first open call for funding, we are interested in learning what creative ideas exist in Utah to serve and build the LGBT community. Your ideas will help us frame the future of this fund.
Funds are available for non-profit organizations or a group working under the fiscal sponsorship of another agency. All organizations that receive grants from the fund must:
- Have a nondiscrimination policy that includes sexual orientation and gender identity.
- Recognize the LGBT Community Endowment Fund as the grant source.
You may download the full application here.
UTAHNS RAISED $806,124 THROUGH LOVE UTAH GIVE UTAH ON MARCH 22
6,521 donors benefited Utah nonprofits and schools in a 24-hour day of giving
Salt Lake City - On Friday, March 22, Utahns again proved their record-breaking generosity by contributing over $800,000 to their favorite nonprofit organizations and schools through an online 24-hour day of giving called “Love UT Give UT”. The total may well top $900,000 when matching grants from individuals and corporations are fully tallied
More than 6,500 individuals went on line to support over 400 individual causes throughout the state. Special events, from a sleep over in Moab to a blizzard party in Little Cottonwood Canyon drove donors to ‘give where they live’.
A Leaderboard competition helped drive last minute gifts to nonprofits vying for additional grant awards from the Community Foundation of Utah. Friends for Animal Care and Effective Solutions gained the most donors in the Small Nonprofit category, HEAL Utah in the Medium nonprofit category, and Girl Scouts in the Large Nonprofit category. Westminster College took the top award for Schools and Universities.
“Girl Scouts of Utah is grateful to our donors for helping us place 1st on the leader board, and humbled to have had the opportunity to be part of a larger philanthropic event like Love Utah Give Utah. We are extremely impressed with how much money was raised for all of Utah’s nonprofits, and the thousands of people who participated. It goes to show the incredible passion and drive of people living in Utah!” said Cathleen Sparrow, Girl Scouts of Utah CEO.
“We are thrilled with the response to this event – both from nonprofits and from Utahns from every part of the state. The event exceeded our expectations, and we are already looking forward to 2014,” explained Fraser Nelson, executive director of the Community Foundation of Utah. “We are especially pleased with how Love UT Give UT attracted first time donors for many nonprofits – and at a very low cost. Most agencies spent less than $100, fewer than 30 hours and saw that more than half of the people who gave to their cause were new.”
Companies large and small across the state used Love UT Give UT as a new way to engage their employees and show their commitment to Utah. Maverik matched employees gifts up to $50,000 while the tech company Doba matched it employees up to $1,000. The Salt Lake and Ogden-Weber Chambers of Commerce made sure their members were engaged, and Simmons Media Clear Channel and KSL helped get the word out.
The primary sponsors of the event were UBS, Mountain America Credit Union, and The Church of Jesus Christ of Latter-day Saints Foundation. The total cost of the event was under $60,000, creating a 1,261% return on investment.
This Friday, on March 22, you have the chance to do something remarkable for Utah: raise as much money as possible for the organizations that make our state 'the place' to live, play and work.
In every town across Utah, people like you will be going online to loveUTgiveUT.org and giving to the nonprofit, schools, college and university of their choice. Can't decide? Give to them all through the Utah Fund!
With more than 500 causes to choose from and $250,000 in matching and challenge grants, your investment will never go farther.
24 hours of unprecedented giving. A way to shape the future of our state. A day to join with thousands of others to stand together, for Utah.
On Friday, March 22, 2013, please go online to loveutgiveUT.org. Point. Click. Donate. It is that simple, but we need you to make it awesome.
We are delighted to announce the election of three new members to our Board of Directors.
Trish Coughlin is a philanthropist and community volunteer. She retired in 2012 from Goldman Sachs, where she was a Managing Director, most recently in the Salt Lake City office. She is a CPA and CMA , with a B.S. in Accounting and a B.A. in International Relations from Lehigh University. In addition to the Community Foundation of Utah, Trish serves on the boards of the YWCA of Salt Lake City and the McGillis School. She is also co-Chair of the Womens Giving Circle of Utah
Scott Huntsman is President and CEO of GlobalSim, a technology and simulation company. Prior to joining GlobalSim, he spent 11 years on Wall Street as an investment banker, most recently at Credit Suisse, where he focused on mergers, acquisitions, and corporate finance transactions. Mr. Huntsman earned a Bachelor’s Degree from Columbia College and an MBA from The Wharton School at the University of Pennsylvania. He also studied at the London School of Economics as a Kohn Fellowship recipient. An avid backcountry skier, Scott serves on the Boards of ClearOne (NASDAQ: CLRO) and Ballet West.
Kym McClellland is a Realtor with Chapman Richards and Associates. Kym grew up in Colorado Springs, Colorado and moved to Utah in 1977 after obtaining a Bachelors and Masters degree from Colorado State University. She has been a full time REALTOR for the past 34 years: the last 20 years at Chapman Richards and Associates where she helped to establish Chapman Richards Cares, a Corporate Advised Fund through the Community Foundation of Utah. Kym has chaired numerous committees for the Salt Lake and Utah Board of REALTORS and was instrumental in establishing the Utah Association of REALTORS Housing Opportunity Fund which funds various housing projects throughout the state, including Habitat for Humanity, The Road Home and others. Kym is an active volunteer and has served on the Boards of The Fourth Street Clinic, Mark Eaton’s Standing Tall for Youth, The Rape Crisis Center and The Work Activity Center. She is currently on the Board of Directors of The Maliheh Free Clinic.
Eric Shaw is the Director of Community and Economic Development for Salt Lake City. He is a recent arrival to Utah from Louisiana, where he served as Vice President of Programs and Policy at Foundation for Louisiana, leading grantmaking, advocacy and policy work on issues of civic engagement, affordable housing, small minority business development and community wealth building. He served Director of Community Planning for the Louisiana Office of Community Development Disaster Recovery Unit and has held economic development and planning positions in Miami, Washington D.C., and at the Silicon Valley Foundation. He has an undergraduate degree from UCLA and a master’s degree in urban planning from Harvard University School of Design.
Utah was one of the leading states in the closure of defunct nonprofits during the IRS purge. We saw well meaning donors wanting to grant to organizations that were no longer tax exempt. The IRS used to take six months to post the names of nonprofits that had failed to file proper paperwork for three years and therefore lost their tax exempt status. Now the names will be released within 30 days. You can search the list here.