What we in the nonprofit world need to realize is that the problems with the dollar are much larger than the USD/NIS rate of exchange. Changes in the dollar affect the world – Israel is just one of many. The Bank of Israel’s moves to buy dollars might be helping a little and the in the short term stemming the decline of the greenback, but Bank of Israel Governor Stanley Fischer is similar to David trying to fight Goliath armed with only a rubber band. Many argue that the problems of the US dollar are larger in scope and strength than anything that Fischer can throw at it.
Author Archive for NonProfitBanker
Patrick Swayze's Motivational Message to Nonprofits
by NonProfitBanker • • 0 Comments
Patrick Swayze: He was awesome. With that said, can nonprofit organizations benefit from the wisdom of his awesomeness? Absolutely. For starters, if nonprofit execs would have his dance moves, I think that they would find fundraising a much easier task.
The Power of the Individual
by NonProfitBanker • • 0 Comments
As we start the Jewish New Year, I found it quite fortuitous that I ran across the following article and its implied message in the September 15th Haaretz paper.
Article: Grantmaking in Tough Economy
by NonProfitBanker • • 0 Comments
I came across this article from Guidestar (reprinted from Opportunityknocks.org). Actually, the full title is “Stories of Smart (and not-so-smart) Grantmaking in a Tough Economy.” This article is a great example of short and sweet. The author, a fundraising consultant with more than 20 years of experience, shares three stories from clients. The questions in each story are the kind of questions that nonprofits are asking every day; each with a different lesson.
The NONPROFITBANKER is on Twitter
by NonProfitBanker • • 0 Comments
After months of ridiculing twitter about its uselessness, I realize it may be the perfect solution for when I want to share an observation or piece of news but can’t write a blog post right away. Twitter, also known as microblogging, only allows for posts up to 140 characters. It’s possible that I’ll follow up with an expanded blog post, but sometimes the Twitter update will speak for itself.
Updated Nihul Takin Released for Testing
by NonProfitBanker • • 0 Comments
Zavit Shalosh relates that the Rasham Ha’amutot [Israel's Registrar of Charities] released an updated version of the Nihul Takin on the Rasham’s website. Furthermore, the Rasham has invited all interested parties to email comments until September 30th.
Can my Israeli Nonprofit have a Credit Card?
by NonProfitBanker • • 1 Comment
But, alas, in Israel the answer is no…kind of. Cryptic, but true. That is to say that in my experience as a banker, I have both ordered credit cards for charities that wanted them and canceled credit cards for charities that were told it was “illegal” to have them.
The New Jersey Scandal, Pt. 3: The IRS Expected Response
by NonProfitBanker • • 4 Comments
The arrests of 44 individuals 3 mayors, 5 respected community rabbis, a score of government officials, and others on Thursday of last week (July 23) should highlight the dangers of organizations donating to international causes; and I guarantee you, the I.R.S. is having similar thoughts.
The New Jersey Scandal, Pt. 2: The Israel Fallout
by NonProfitBanker • • 1 Comment
Even before the dust settles in the States, Israel and her charities will already start to feel the effects from last week’s scandal.