philanthropy

Crypto Philanthropy: Opportunities and Considerations

Crypto Philanthropy: Opportunities and Considerations

Cryptocurrency has the potential to and is already beginning to disrupt philanthropy and the ways that nonprofit organizations collect donations. In previous eras, philanthropic innovation was spurred by “new sources of wealth,” as with John D. Rockefeller creating America’s first foundation or Bill and Melinda Gates translating his immense success in the tech revolution into global philanthropic influence in areas of “poverty, disease, and equity.” Similarly the emergence of a new class of “crypto-elite[s]” has the potential to disrupt traditional methods of philanthropy. Now, as blockchain technology and its myriad applications become more mainstream and our society becomes more crypto-curious, nonprofit organizations have an opportunity to adapt by incorporating cryptocurrency and its various tokens into their fundraising strategies.

Decentralized Patronage: Incentivizing Ethical and Effective Philanthropy of Crypto-Assets

Decentralized Patronage: Incentivizing Ethical and Effective Philanthropy of Crypto-Assets

Cryptocurrencies conjure up a variety of images. To some, they are shadowy currencies, born of vice and crawling out of the corners of the dark web to sew anarchy into the traditional financial system. To others, they are harbingers of a new wave of financial tools better suited to the digital age. This report analyzes the pathways, promises, and potential problems of crypto-assets within fundraising.

New Publication: Silicon Valley Struggle

New Publication: Silicon Valley Struggle

In the 21st century, wealth is beginning to concentrate in new fields like technology as opposed to traditional industries. With this in mind, how can arts organizations go about soliciting financial support from this new class of wealthy-elite? This white paper by Jennifer Moreci answers this question by looking at current patterns in philanthropy and specific strategies for engaging donors in Silicon Valley. Read the full report here.

#TBT: A Guide to Web-Based Fundraising and Philanthropy

#TBT: A Guide to Web-Based Fundraising and Philanthropy

Web 2.0 has changed many aspects of the modern world, and fundraising and philanthropy is no exception. From the tidal wave of tech tycoons committing to the Giving Pledge to the rise of crowdfunding (and a bevy of potential platforms for a crowdfunder to choose from), soliciting essential funds has more avenues than ever--and more potential challenges along with them. This week's throwback rounds up numerous articles that provide time-tested wisdom on how to navigate in the new world of web-based fundraising and philanthropy.

How Socially Responsible Spending is Replacing Traditional Philanthropy

How Socially Responsible Spending is Replacing Traditional Philanthropy

You would be hard pressed to find any person who has visited a grocery store or movie theater that has not been asked to donate an additional dollar for charity on top of their purchase.  It’s become a widely accepted, near expected, practice in contemporary consumer culture.  Capitalizing on existing buyer behavior is not just easy- it’s smart.  However, the model has advanced far beyond adding a few dollars onto a popcorn purchase at the cinema.  It has emerged as a way for organizations to capture financially strapped young donors, and generate creative revenue streams as traditional philanthropic avenues face increased competition.

The Giving Pledge: A Start to Engage Tech Philanthropy

The Giving Pledge: A Start to Engage Tech Philanthropy

To understand why arts organizations have struggled to capture funds from tech billionaires, arts managers and development professionals would do well to recognize what philanthropic sectors they are losing these dollars to, and why.  Armed with these insights, arts professionals can then adjust their strategies to better appeal to this new and growing donor segment.

Tips for Choosing a Grants Management System: Part 2

Tips for Choosing a Grants Management System: Part 2

Throughout the process of selecting and implementing a grants management system (GMS), an arts organization must consider many factors in order to ensure positive results. These factors fall into four main categories: vendor interviews, data migration, integration, and training. All of equal importance, these categories must be weighed to find the optimum balance of system features and vendor characteristics.

Today we focus on the last two categories—integration and training. To read the first part of this two-part series, click here.

Tips for Choosing a Grants Management System: Part 1

Tips for Choosing a Grants Management System: Part 1

Throughout the process of selecting and implementing a grants management system (GMS), an arts organization must consider many factors in order to ensure positive results. These factors fall into four main categories: vendor interviews, data migration, integration, and training. All of equal importance, these categories must be weighed to find the optimum balance of system features and vendor characteristics.

Today we focus on the first two categories—vendor interviews and data migration.

National Satisfaction with GMS Software

National Satisfaction with GMS Software

Today, an administrator has the ability to manage the entire granting lifecycle through a grants management system (GMS), including applicant relations, panelist reviews, and fund distributions. Online storage available through cloud computing and software with fewer hardware requirements have increased GMS product capabilities. And the ability for a GMS to interact with other systems, such as payment portals and accounting systems, has further made management of the grant lifecycle within a GMS easier. For many of today’s grant-making organizations, GMS software is an essential tool in day-to-day activities.

Grants Management Systems: Primer for Best Practices, Part 4

Grants Management Systems: Primer for Best Practices, Part 4

State arts agencies need to report not only to NASAA and the NEA, but also to other entities, such as state legislatures and the general public. These reports communicate impact to all stakeholders within the agency and across its jurisdiction. A GMS’s querying and reporting capabilities impact how this information is accessed and, ultimately, understood.