Ballmer Group’s Post

Over the next 20 years, it is estimated that $84 trillion+ in cash and assets will transfer from Silent Generation / Baby Boomer households to their heirs. Experts believe almost $12 trillion of this sum will be contributed to nonprofits. bit.ly/3vCGRwy

2024 could be a critical year for the charitable sector in Canada. The budget proposal for 2024 is concerning, as it could negatively affect donations from High Net Worth Canadians...who account for a large % of all donations. Charities are struggling already. Imagine Canada's pre-budget submission is well thought out. Our Federal Government needs to take a good look at all points, but in my opinion, points 1 and 11 are especially important. Be sure to read the full list. Recommendation 1 asks for a seat at the table, so to speak. Why isn't there a formal role in government that oversees the charitable sector? Social Capital (your tax dollars or your charitable donations) represents billions of dollars. It only makes sense to create a formal framework to ensure the sector, and the dollars, are working properly. Recommendation 11 asks for a proper impact assessment of the changes the Alternative Minimum Tax (AMT) will have on charitable donations. These changes alone could seriously affect charities from coast to coast if large donations are reduced or halted. Perhaps we all need to share this with our MPs and push for consideration of these well thought out recommendations. #donoradvisedfunds #philanthropy #canadagives

News is one of the most valuable, reliable, yet overlooked resources to learn more about your donors. Insightful, NewsBank’s philanthropy division, is a new software that draws on these news sources and helps nonprofits keep on top of crucial information about donors that they can’t afford to miss. It is this simple: 1) Know More. 2) Deepen Relationships. 3) Raise More to do more good in the world. Join us next Wednesday, February 28th at 1 p.m. EST to learn how news will help you deepen donor relationships. https://ow.ly/h7nG50QCsZM

Addressing the risks that nonprofits face from low cash on hand and meager financial reserves requires a multi-faceted, sustained approach. A critical question that our foundation partners ask themselves is "How do we scale our support of nonprofits? How do we provide more working capital?" -- exactly what this new BDO report highlights. Catchafire is designed to address the heart of the issue -- the ability to access talent and pre-scoped projects that nonprofits need now. Reach out if you want to learn more, or share ways you are bolstering nonprofits' access to the resources they need. Let's talk!

New report from BDO's nonprofit practice finds that higher concentrations of government grants result in low levels of cash on hand, meager financial reserves, and very thin profit margins. The report offers guidance to leaders of nonprofits on how to best navigate these challenges, as well as advice to government funders and private philanthropy on how to better support the organizations delivering these kinds of services.  https://lnkd.in/en5v9wTC

The article discusses the role #nonprofit leaders, #governments and #philanthropy can play in addressing the most acute challenges so nonprofits can achieve greater financial sustainability and maintain their ability to deliver critical services. #Fund them or they die on the vine. A slow drip is not the solution for today’s problems. We need to invest aggressively and find equilibrium. Becasue the planet is burning … 🌧️🌧️🌈 Financial sustainability to deliver critical services. 💰💰💰 Sustainability becasue these needs are not going away … but growing. Sustainability looks like stability. Stability begins with a solid foundation. For me, most practically that means #technology that can move #data. A solid foundation is #tech #infrastructure (and once the concrete dries … tidy rooms with neat sock drawers … aka organized and accessible data) 💥How do donors invest strategically to sustainably manage the onslaught of need? 😱By learning from the data that moves between stakeholders in glorious feedback loops💥💥💥💥💥 By becoming more precise in the solutioing. By iterating. By building stronger relationships and deeper trust (so we can get $/!- done without being mired in … poor communication 🤷♀️) #oar #reporting 🥊 Becasue the planet is burning … Don’t get me started 💜🌈🌻

In a nation where wealth inequality leaves a third of households without $400 for emergencies, Impact Charitable works to create financially supportive infrastructure through direct cash assistance programs. By collaborating with communities in the program design process, we strive to make sure that those most affected have a say in creating lasting solutions toward economic mobility. Learn more about our work at: https://lnkd.in/eACb7Uxh #ImpactCharitable #EconomicJustice #EmpowerCommunities

It's here!! Giving Tuesday is here!!! Friends, please consider supporting Dear Future this giving Tuesday; here's why? 1. Dear Future is a new, small and 100% focused on children, 501c3 nonprofit that provides school supplies to children living in extreme poverty and in extreme circumstances. 2. Small nonprofits provide a more direct understanding of where your money is going to, they are more accessible, and are working extra hard to deliver. 3. Helping children in the world is needed! It's a blue sea of inequality and opportunity. Learn more about us, this link is to our Giving Tuesday landing page: https://lnkd.in/g3Yzpqzf #modelyourfuturetoday

County leaders may limit how much money they give to nonprofit groups and projects serving low-income neighborhoods in light of looming budget challenges. The Santa Clara County Board of Supervisors today is considering capping community spending per district at $1 million, but potentially raising the ceiling to $2 million for districts with greater need, such as District 2. The county’s technical term for such spending is “inventory items.” During the budget process, supervisors can propose one-time funds related to various community programs. Read the story: https://lnkd.in/gQEdzCzX

We already know that the government grant system is broken and needs fixing. What’s news is that reforms are working their way through Congress and the Administration. Nonprofits need to take action now to help turn the proposals into reality. Join a National Council of Nonprofits' webinar, "The Urgency of Government Grants Reform for Your Nonprofit," on November 20 to hear from experts, like MCN's Nonoko Sato, on the consequences of bad grantmaking policies and learn legislative and regulatory solutions that your nonprofit can help influence to ensure reduced burdens, greater access to funding, and better outcomes. Register: https://lnkd.in/g5MbnHFU