A list of great articles I’ve read and posted to Twitter between May 23 – June 5, 2010. This week’s topics include: I.R.S.; Sector Trends; Social Media & Internet; Finance & Economy; and Potpourri.
Israeli charities (amutot in Hebrew) rely on donations from overseas – no secret there. Many foreign-based charities choose to create an American based nonprofit, more commonly referred to as a “Friends of” organization so donations can be tax-deductible vis-a-vis the American Federal Government. (In a previous post, I spoke about IRS trends when a “Friends of Organization” is applying for tax-exempt status.)
However, it could be that establishing a “Friends of” organization is not in your charity’s best interest. The following are some considerations that elaborate on: Why not to raise funds through a U.S. registered “Friends of” Organization?
For years we have been witnessing charitable institutions hiring business executives in order to increase fundraising or professionalize the organization. I remember the big news when the President of Columbia University, George Rupp, accepted the presidency of the International Relief Committee in 2002. Some of us alumni were bewildered by the move — leaving the private sector for the public sector, unheard of!?!? However, what seemed like an isolated incident then, was actually indicative of many nonprofit organizations.
But is the reverse true? Are the corporate and public sectors luring away nonprofit executives in the hope of improving their social standing and/or activities?
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.