Finding Parallels Between Funds and Life

Get to meet the Biggest Givers on the Donors List! The contribution to social welfare by nonprofits in the world today is well documented. All philanthropic organizations are nonprofit outfits that earmark all their resources for serving communities round the globe. One notable example of really impactful nonprofit organizations on the planet is the 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. The Chronicle of Philanthropy reported that the biggest U.S based donors gave a total of 5.6 dollars towards philanthropy in the year 2016. There was a drop in the level of donations given between 2014 and 2015,and one hopes this trend will be reversed in the coming years. 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. It is noteworthy that 9 of the 50 biggest donors on the list accounted for 20% of the total amount raised towards philanthropy. Fund raisers working for nonprofits would naturally want to know where all this giving goes. Discover who received the 5.6 dollars given away in 2016. Colleges and Universities were the recipient of almost 50% of all donations. It is highly likely that most of the individuals on the donors list felt compelled to give to these institutions because that is where the foundation of their phenomenally successful lives had been laid.
Smart Ideas: Donors Revisited
It does appear like the truly wealthy have a thing for art. This is because museums received a whopping 293 million dollars of the gifts. Two museums in the United States got a total of 175 million of the donations. 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.
Resources Tips for The Average Joe
The wealthy gave 5.9% of their gifts to DAFs(Donor-Advised Funds),and this is where a majority of the nonprofits fall. Some wealthy people prefer to hand over their gifts to public charity as regularly as they may want but they retain the mandate to give instructions as to who the recipient of their gift will be. This is a beautiful arrangement that lets the wealthy giver save a lot of money through taking advantage of certain tax laws that allow donations given to public charity to be deducted from the taxable income of the person or their company,and at the same time,build a fund that keeps nonprofits doing what they do best-bettering the lives of their communities. Having a good rapport with the public charity is a good idea as there is chance that some of the donors may ask for recommendations on the charities to receive their gifts.