Cryptocurrency Rules Are a Work in Progress. Here’s What to Do for Now.
A pair of tax and regulatory experts offer advice for handling Bitcoin and other currencies while the IRS plays catch-up.
By Debra E. Blum
Contributor
How Do Cryptocurrency Donations Work?
Here’s a simple breakdown of the process involved in getting and using Bitcoin and other donations from digital-savvy donors.
By Debra E. Blum
Contributor
Only a few hundred nonprofits, estimates say, are set up to accept Bitcoin and other digital assets. Now is the time for organizations to decide whether, and how, they’ll start accepting such donations.
By Debra E. Blum
Contributor
Nonprofit Founder Made Millions Housing Migrant Children; Daily News Roundup
The founder of Southwest Key Programs may also have engaged in self-dealing with top executives. Plus, the National Rifle Association has awarded millions of dollars in contracts to people with close ties to the group; critics are noting that the American system that allows some wealthy philanthropists to build fortunes contributes to the social ills their gifts are attempting to alleviate; companies that use the “buy one, give one” strategy are now key to some entrepreneurs; and more.
Going Live: How Nonprofits Are Reaching Younger Donors by Streaming Games Online
Live online video can be effective for raising money and telling stories, and more big charities are getting in the game, nonprofit fundraisers say.
By Timothy Sandoval
Contributor
How Leaders of an Arts Group Tag-Team Donor Meetings
When top officials describe shared spending and artistic priorities, donors respond well, say two leaders of Chamber Music Society of Lincoln Center.
By Timothy Sandoval
Contributor
House Republicans Want to Rescind New Tax on Nonprofits: Daily News Roundup
An amendment has been introduced that would kill a new tax on certain fringe benefits that churches, colleges, and other nonprofits provide for employees. Plus, Bloomberg Philanthropies plans to give $50 million to fight the opioid epidemic; Sheryl Sandberg reportedly asked Facebook’s communications staff to do research on George Soros’s financial interests after his criticisms of tech companies; and more news and articles on big donors, ideas, and powerful women in philanthropy.
Ruth Mott Foundation Selects New Chief (Transitions)
Also, the Nord Family Foundation promotes Anthony Richardson to executive director, and BoardSource hires a new head of its programs to improve racial equity and inclusion on nonprofit boards.
By M.J. Prest
Senior Editor, Solutions
San Francisco Official Wants Zuckerberg Name Removed From Public Hospital: Daily News Roundup
The request was made in light of the controversy over Facebook’s handling of user data and its use of opposition research. Plus, Patagonia gave $10 million it got from GOP tax cuts to environmental groups; the NRA’s income dropped by $55 million last year; a new nonprofit, started by critics of the Trump administration’s policies on student loans, will work with state and local lawmakers to protect student borrowers; the Berkshire Museum got $53 million from the sale of 40 artworks; and more.
Giving Tuesday Appeals Raise an Estimated $400 Million
With about $380 million raised from 4 million donors, the results bode well for year-end fundraising over all and represent $1 billion collected over the event’s seven-year run.
By HEATHER JOSLYN
Contributor
Google Will Award $25 Million for A.I. for Social Good
Any organization can apply for money, as well as coaching and other advice on how to expand projects that harness this fast-growing type of technology.
By NICOLE WALLACE
Features Editor
Nonprofit Investment Returns Average Only 6.7%: Daily News Roundup
A 2009-16 study shows that they underperform even U.S Treasurys. Plus, charities are anxiously anticipating a drop in year-end giving because of the new tax law; a musician has announced a new foundation for prison overhaul; the president of Dillard University is chiding philanthropists for giving less to historically black colleges and universities; Mary’s Place, one of Jeff Bezos’s favorite charities, is launching a campaign to raise $2 million for a new shelter; and much more.
Giving to Hospitals and Other Health Institutions Grew 2.9% in 2017, Report Says
Organizations that had at least seven fundraisers did the best, the report noted.
By Timothy Sandoval
Contributor
Soros Foundation Closes in Turkey: Daily News Roundup
Days before the shutdown, President Tayyip Erdogan said George Soros “assigns people to divide nations and shatter them.” Plus, Chef Jose Andres has been nominated for the Nobel Peace Prize; the Trump Foundation made no donations last year; the Trump Organization gave more than $500,000 to the Trump Foundation in 2017, according to a tax return; an effort to encourage people to include charities in their estate planning aims to raise $1 trillion; plus, articles about Giving Tuesday and more.
As the Bezos Billions Begin to Flow, a Picture of His Giving Philosophy Emerges
The Amazon founder has said little publicly about what motives his philanthropy, but a closer look at Mary’s Place and other early recipients of his giving reveals some common traits of nonprofits he likes.
By Alex Daniels
Senior Editor, Foundations
Giving Rose 14% Last Quarter, Mainly Due to Big Gifts
Big donors have driven the growth so far this year, but nonprofits should be concerned that smaller contributors are giving less, researchers say.
By Timothy Sandoval
Contributor