Edmonton Newcomer Centre ’s Post

New research by the Center for Effective Philanthropy (CEP) reveals that fewer than a third of foundations fund nonprofit endowments, and for those that do, these grants represent a small fraction of their giving. While in recent years endowment giving has been championed as a way to advance equity, CEP’s new research finds that for those foundations that do fund endowments, advancing equity is not their primary consideration. Download the full report: https://lnkd.in/g89vnXHT

Are you advising clients with significant RMDs this year? 🏦 If your clients are facing Required Minimum Distributions (RMDs) from their retirement accounts, they may wish to consider using a Qualified Charitable Distribution (QCD) to create a designated fund at the Saint Paul & Minnesota Foundation. 🫶 While QCDs cannot go into DAFs, they CAN go into designated funds - funds designed to permanently support one or more of a clients' favorite organizations in perpetuity. ✅ Encouraging your clients to direct their QCDs into designated funds can help them achieve their philanthropic goals and plan for their legacy, all while being tax efficient. If you're curious to learn more about how designated funds could meet your clients' needs, please reach out or visit our Funds and Fees page below. https://lnkd.in/gXqnvSFs

Earlier this month, Benefactor Group's founder and principal, Laura MacDonald, and I discussed the Key Steps to Building an Endowment. Based, in part, on Laura's recent publication, The Endowment Handbook (https://lnkd.in/eW_ajBhr), we explored the different types of endowment, how to identify and engage potential endowment donors, and answered many questions from the webinar participants. Here is a replay of the webinar and several resources that can help your nonprofit organization build a resilient future. #Endowment #PlannedGiving #DeferredAndEstateGiving #GiftInWill #Philanthropy #CharitableGiving #Nonprofits #Donors

Illuminating report from the Center for Effective Philanthropy on the strategies and challenges behind foundation funding of nonprofit Endowments and the latent opportunities for greater sustainability in equity efforts... “We can keep funding nonprofit organizations year by year, but if you really also believe and want to set up an institution for the long term such that no matter who comes next, they are just anchors in the community, for us there’s no other way than the endowment,” - foundation leader #foundations #philanthropy #nonprofits #equity #sustainability

One might own the world but what you do with it, makes all the difference. As a medical student, it is not just about course completion and finances but the debt that might occur to achieve the dream that bothers many. The students of Albert Einstein College of Medicine are fortunate to be blessed with the generosity of Dr. Ruth Gottesman. The former professor of the college has donated $1 Billion which is to be used to cover tuition fees of all the students going forward. Her generosity brought tears of joy to the students and parents. And it has touched so many more lives. 1. This donation would attract a diverse and talented pool of students who might not otherwise have the financial means to pursue a medical degree. 2. The Bronx, where the college is located, needs more compassionate and knowledgeable healthcare professionals as it is one of the poorest towns. It has a high rate of premature deaths and illnesses. Hence, this act will make a significant difference in uplifting not just Bronx but its future children. 3. This act will have a long-term impact on the students and the generosity would be passed around in unseen ways. I believe, Dr. Ruth Gottesman has demonstrated what exactly charity is and how it can have a phenomenal impact. #csr #socialresponsibility #charity #donations #goodwill #community #communitydevelopment #drruth #ruthgottesman #csrinitiatives #development #upliftment

🚨 NEW CEP RESEARCH out now! 🚨 CEP's new report, "Funding Nonprofit Endowments: Foundation Perspectives and Practices," sheds light on the prevalence and approach to funding nonprofit endowments. Read the report here 👇 https://lnkd.in/eB5yZT6W   While in recent years, endowment giving has been championed as a way to advance equity, CEP's report finds that advancing equity is not the primary consideration for most foundations that fund nonprofit endowments. Simultaneously today, The Bridgespan Group shares a new case study of how one organization - the Robert Wood Johnson Foundation - has used endowment funding to advance equity goals. Find their new report here: https://lnkd.in/eypW7C-q

Next Tuesday is Giving Tuesday and we encourage you to support the Living Our Legacy campaign when planning your giving. Living Our Legacy directly supports the future of our profession by funding scholarships, educational resources, and professional development opportunities for AHRA members. By donating, you become a part of something larger, ensuring that the next generation of healthcare leaders is equipped to thrive.💗 https://bit.ly/3VJlyo4

If you are looking to expand your knowledge on funding nonprofit endowments, here are a couple of insightful resources from the Center of Effective Philanthropy and The Bridgespan Group. See the links below to read the reports. #slpo #stlphilanthropic #Diversity #communityoutreach #EquityandInclusion #NonprofitSector #CatalyzingChange

2024 is rapidly drawing to a close! 🌟 If you are starting to make plans to send a letter to your donors asking them to consider making a gift as part of your annual appeal strategy, don’t miss this opportunity to weave in messages about your endowment fund at Kitsap Community Foundation! It is important for donors to support both current and future needs of your organization. If you need a few tips and suggestions for crafting an annual appeal letter to inspire both current and endowment gifts, check out this article ➡ https://lnkd.in/gMHpBR_q  #KitsapCommunity #CatalystsforGood #EndowmentPlan 

Your Wealth Wednesday Take in this 5 minute read on why planned philanthropic giving can help create a beautiful legacy.