The good that is done by most philanthropic organizations cannot be understated. There are needy people all over the world who greatly benefit from the work that philanthropic organizations do. One good example of a nonprofit organization that does a lot of good is the good old Salvation Army. This organization receives donations from well wishers and uses them to serve people who are in distress in the 109 countries in which it has a presence. In 2016,the largest donors in the U.S gave a combined 5.6 dollars to not for profit organizations,according to The Chronicle of Philanthropy. A downward trend of donations is notable though,with the years 2014 and 2015 receiving lower amounts than had been received previously. 16 of the 50 donors list had accumulated their money in the finance industry.and Tech companies occupied the first four slots on the list. An interesting fact is that 20% of the total contribution was given by just 9 donors. We have learnt who in general gives towards philanthropy,and now it is about time we got to know who receives all these funds.
Discover who received the 5.6 dollars given away in 2016.
Learning institutions such as colleges and Universities received about 50% of the contributions from the wealthy in the U.S. It is possible colleges and universities benefited most from the donations because some of people on the donors list had been students of those organizations.
Smart Tips For Uncovering Donors
It does appear like the truly wealthy have a thing for art. 293 million dollars of the dollars given went to museums!Can you believe that 293 million dollars were given to museums? To be precise,175 million dollars worth of gifts was received by two museums in the United States. 75 million dollars went to The Los Angeles County Museum of Art while 100 million of the gift benefited New York’s Museum of Modern Art.
Lessons Learned About Organizations
If you fund raise for a nonprofit organization that is neither a college nor a museum,don’t lose hope,as 328 million dollars in 2016 was directed towards DAFs(Donor-Advised Funds) and your organization would have qualified for such! Some of the individuals on the donors list decide to manage their gifts through giving it over to public charity where they retain full rights as to who is the final recipient of such funds. This arrangement is a win-win one,where the donor gets to enjoy immediate tax benefits that arise when one donates to a charitable organization and nonprofits benefit by receiving these donations if they happen to be the recipient of choice of these wealthy donor.
When you sit down at the next board meeting to strategize on who to approach for funding,think of public charity who might put in a good word for you to the donors.