PayPal is coming to Israel, reported Haaretz on September 13th. While this is great news for those individuals buying up those priceless items on eBay, nonprofits should be a little less enthusiastic.
Banking, Best Practices
Today's US Dollar & How it Affects Your (Nonprofit's) Budget
by NonProfitBanker •
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.
Best Practices
Patrick Swayze's Motivational Message to Nonprofits
by NonProfitBanker •
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.
Uncategorized
The Power of the Individual
by NonProfitBanker •
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.
Best Practices, Fundraising
Article: Grantmaking in Tough Economy
by NonProfitBanker •
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.
Uncategorized
The NONPROFITBANKER is on Twitter
by NonProfitBanker •
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.
Israel Regulations
Updated Nihul Takin Released for Testing
by NonProfitBanker •
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.
Israel Banking, Israel Regulations
Can my Israeli Nonprofit have a Credit Card?
by NonProfitBanker •
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.
Best Practices, U.S. Banking, U.S. Regulations
The New Jersey Scandal, Pt. 3: The IRS Expected Response
by NonProfitBanker •
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.