In 2017, charitable giving in the United States reached a new milestone, surpassing $400 billion for the first time and recording the highest inflation-adjusted level ever. Responding to a growing economy, Americans contributed $410.02 billion to organizations across the nonprofit sector, according to Giving USA 2018: The Annual Report on Philanthropy.
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Co-authored by Vice President Adam Wilhelm
Congress passed a major tax reform bill on Wednesday, December 20th—including many provisions that could impact nonprofit organizations. Nonpartisan analysts have projected that the bill may cause charitable giving to drop by as much as $20 billion in 2018.
As the sector regroups, what high-level information do all leaders need to understand, and how can fundraisers prepare for the weeks ahead? To help organizations plan their next course of action, Campbell & Company put together a primer on the standard deduction and estate tax changes, along with key recommendations for development staff.
As the sixth largest economy in the world and a powerhouse of innovation, California affects the entire philanthropic market. To better understand philanthropy in California, we assembled a comprehensive overview of giving trends in the state since the Great Recession of 2007–2009. This report is designed to help professionals and organizations in California navigate the uneven philanthropic landscape that has persisted ever since the banking and housing crises of those years first hit. As a harbinger of larger trends throughout the nation, we also hope this report will inform individuals engaged in philanthropic work in communities and other regions throughout the nation.
According to Giving USA 2017: The Annual Report on Philanthropy, Americans set a new giving record in 2016, contributing $390.05 billion to a wide range of nonprofit organizations. This outcome is remarkable, if more modest than some anticipated, as there were fewer mega-gifts of more than $200 million and bequests dropped 9.0 percent in current dollars. While the 2016 growth rate in total giving—2.7 percent in current dollars—was below the five-year average, the results reflect broad-based philanthropic support in smaller amounts that culminated in a record year of giving.
How can we ignite young professional interest in philanthropy and fundraising? On May 16th, Campbell & Company tackled this weighty question during an On the Table lunch at our Chicago office with emerging and established nonprofit leaders from across the city. Organized by The Chicago Community Trust since 2014, On the Table brings together tens of thousands of Chicagoland residents who gather in small groups to discuss our region’s challenges and opportunities. The annual forum serves as a catalyst for conversation, collaboration, and action.
It's all about the people.
At Campbell & Company, we know Marian Alexander DeBerry as our Executive Search Director, a
strong leader and accomplished professional highly skilled in her field. She certainly lives up to this image with 20 years of experience in executive search and active involvement in professional associations. Marian is the Co-Chair of both Forefront’s Advisor Member Network and AFP Chicago’s Fellows Program. She is also an annual speaker at the Minority Advancement Institute of the Council for Advancement and Support of Education (CASE).
January was a banner month for mega-gifts to U.S. universities. In the span of a week, three large gifts made headlines:
- $100 million to Santa Clara University from John and Susan Sobrato to establish a new facility for STEM education
- $279 million to University of Washington from the Bill and Melinda Gates Foundation to expand global health research
- $150 million to Cornell University from SC Johnson and Fisk Johnson to support the Cornell SC Johnson College of Business
Economic and cultural globalization has made American philanthropy an undeniably international affair. Nowhere is this more visible than in academic institutions, where the continued exponential growth of international student enrollment from countries like China, India, Hong Kong, South Korea, and many others has changed educational culture and the fundraising environment that supports it.
In a recent Campbell & Company survey, 75 percent of respondents cited a disconnect between their day-to-day activities and their organization’s strategies. We weren’t surprised! It’s easy to get sidetracked with new projects that have short-term advantages but that lose sight of long-term goals. And although efforts to establish formal strategic plans are well-intentioned, they can easily end up sitting on a bookshelf or in a drawer without any connection to present day matters. So how can you align an organization with its strategies? We recommend balanced scorecards.
Mega-gifts are on the rise, according to The Chronicle of Philanthropy. They are the holy grail of
philanthropy: large single donations can impact an organization significantly by re-energizing programs, supporting organizational growth and transforming communities. Higher education and healthcare organizations are getting the lion’s share of large gifts of $10 million and above, but so
far those mega-gifts have eluded human services organizations. What can nonprofits in the human services sector do to better position themselves for large cash opportunities?