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Getting Capital Right: Six myths and Realities for Grantmakers Part 2

In my last piece for In Philanthrophy, I offered three recommendations for how grantmakers can overcome commonly held misconceptions about the role of money in strengthening nonprofit effectiveness. I encouraged funders to: support comprehensive capitalization planning, reward financial management practices that promote surpluses and savings, and consider seeding cash reserves as a source of funds for handling and taking risk.

Corporate volunteers can be a burden for nonprofits

The next time you’re inclined to pat yourself on the back for your company’s volunteer work — the murals painted, the community gardens planted, the vacant lots cleaned — think of Kathleen Walsh. She’s the chief operating officer at the YMCA of Metro North, which manages more than 1,000 volunteers a year at its seven facilities, and she sometimes breathes a huge sigh of relief when those do-gooders go home.

IRA Charitable Rollover Survey Fact Sheet

A recent national survey conducted by the Center on Nonprofits and Philanthropy at the Urban Institute on community foundations and IRA gifts provided some key insights on the IRA Charitable Rollover:

  • It is a middle class giving tool,
  • The majority of IRA gifts are under $25,000, and
  • Community foundations have lost or had gifts reduced as a result of the uncertainty of the tax extenders being renewed.


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