Check out this recent article in the Chronicle of Philanthropy about protecting your organization from controversy and how prospect research can play an important role in that!
Yes, you heard right – there are free research tools and they can be amazing to supplement the wealth screening subscriptions you already have.
We’ve all been there. You get some great information from your screening tools but there are bits and pieces that are missing or hints into a mysterious past.
The Wayback Machine extension on Chrome can fill in those blanks. You can see past iterations of websites to either gather information or confirm your suspicions.
Take a look at how Donorly’s researchers suggest using the tool (and a quick step-by-step for installing the extension).
How will you use the Wayback Machine? I like to look at old annual reports and lists of board of directors to find previous directorships of the prospects I’m researching. It’s important to not only include current positions but also past to ensure you are showing the entire spectrum of a prospect’s interests and activities.
Typically, I keep my writing and sharing specifically geared toward the world of research and databases; however, I had to share this A to Z of “guide” to writing appeal letters. There is so much humor and wit mixed in with really good information and thought-provoking ideas. Enjoy!
Well, new results are in from 2018 IRS tax returns and charitable deductions (itemized on tax returns) dropped $54B in 2018 following the 2017 Tax Cuts and Jobs Act (TCJA).
The TCJA doubled the standard deduction — the amount taxpayers are allowed to subtract from their taxable income to reduce their tax bill. Taxpayers can still itemize their deductions, but there’s less incentive to do that now that the standard deductions are higher. Many worried that would lead to fewer taxpayers itemizing, and in turn fewer people donating to charity as a way to get a deduction.
Take a look at the full Market Watch summary here: https://www.marketwatch.com/story/americans-slashed-their-charitable-deductions-by-54-billion-after-trumps-tax-overhaul-2019-07-09.
How are you preparing for a continuation of this trend?
This article from The Nonprofit should be read by everyone. Maybe even by those working outside of the nonprofit sector, too. It’s all about overhead costs and how these costs can and should be measured or measured differently. A simple ratio of overhead costs or employee compensation doesn’t tell the right story for an organization. And just because someone works for a mission-based organization doesn’t mean they shouldn’t be fairly compensated for their hard work, years of experience and level of education.
Take a look and see how you can change the “overhead controversy” conversation!