The Budget Plan Brings Big Changes to Tax Incentives for Donors article sounds like a great idea! I think that President Obama is really on the right track with this and it seems completely fair the rich lose their tax cut. It’s not fair that middle and lower class Americans are struggling to pay their bills while the wealthy are skipping out on paying their fair share.
Donors and Nonprofits face a Defining moment was relevant to me because this is my final paper topic. I know from readings and lectures in my resource development class that the nonprofit sector really hasn’t been hit too hard in the US. But this is because here nonprofits primarily receive their funding from individuals. In other places across the globe, this isn’t always so. The guest speaker we had last week (Matt) talked about his work with Peace Players. They receive their funding from corporations and foundations. Nelson Mandela made it so that these large business making over X amount of dollars have to give money back to nonprofits so that the programs in South Africa are relatively lucky. In other places nonprofit funding is the first thing to be cut when budgets get cut. Here is a link to Peace Players. I thought he was a really fantastic speaker and this organization does great things!
The Artist- Endowed Foundations article was a little underwhelming for me. It isn’t that shocking to me that there are artist foundations that are donating to the arts. It makes sense that this would be an area of interest for these people and their cash. I think its good that they have the pull and influence in the community to advocate for lesser-represented populations and can really make a difference that way.
The Impact article was a good reiteration of what potential funders are looking for. The need to be so specific and detailed seems a bit daunting but I understand the need for a solid plan with precise goals. I wonder what the ratio of failed nonprofits to successful ones is. It made me think of the restaurant business where something like every 1 out of 5 restaurants will fail after their first year. Depressing.
Chapters 10 and 11
Chapter 10 talked about funders and the break down of where the money comes from, who donates to what kinds of causes and so on. I found it interesting that corporations and foundations don’t really fund religious nonprofits but I suppose it might be too controversial. It is easier to donate to something that carries less individualized weight. I thought chapter 11 was the more interesting one this week as I have never thought to consider self help groups, drug and alcohol support groups and many other mutually beneficial groups as nonprofits before. But I would say that these are some of the most helpful and needed nonprofits in our communities today. I don’t see any problem with combining the other-benefit and self-befit ratio. I say the more helped the merrier.
** Thanks for being such a fantastic group!