Individual giving is on the rise and could explode in the next 50 years.
Americans have always been known as being generous. Times of crises bring out the best in us, and we’re quick to respond with offers of money and on-the-ground efforts to help. But a new survey makes it official. According to CAFAmerica’s World Giving Index, the U.S. ranks first globally in charitable giving this year, up
Thanks to a tiny white plastic credit card reader, some Salvation Army bell ringers will be doing more swiping than jingling this year. The charity — known for its red kettles and bells during the holidays — is testing out Square, the mobile credit card reader, in San Francisco, Chicago, Dallas and New York. The
Did your favorite charity lose its tax-exempt status? Maybe. The Internal Revenue Service has announced that around 275,000 nonprofit organizations automatically have lost their tax-exempt status because they did not file required annual reports for three consecutive years. This finding is critical not only for the groups, but also for taxpayers. Remember, one of the key
In light of hearing that 2010 wasn’t a good year for charitable giving, it’s refreshing to find stories of people giving back. A couple of bloggers picked up the philanthropic slack where the wealthy left off. “J. Money,” as he is known in the blogosphere, of BudgetsAreSexy.com, a personal finance blog, and Nate St. Pierre
Despite billionaire Warren Buffett’s philanthropic drumbeat in 2010, the year was not a good one for charitable giving. An article in The Chronicle of Philanthropy says donors and nonprofit officials blame fears of continued economic instability and uncertainty about taxes as the cause. Donations from the Chronicle’s list of the 50 top donors (actually numbering
It’s the time of year for giving thanks, so how charitable have the wealthy been this past year? Bill and Melinda Gates continue to make headlines on the philanthropic front, most recently with the announcement that they’ve pledged $500 million through their foundation to help create new banking systems for the poorest parts of the
There is a philanthropic generational divide when it comes to donation methods and amounts.
Recent data indicate the wealthy are continuing to cut back on their charitable donations.
Raising money for charity has reached new heights of creativity — sometimes literally.