Nashville Predators’ Post

Meet Harry Carver, chairman of the Franklin County Community Fund (FCCF), in this profile in FRANK. Magazine. Established in 2017 to support local charities, FCCF is a permanent endowment dedicated to enhancing the quality of life in Frankfort/Franklin County. In this short time, the fund has already made a significant impact, raising nearly $40,000 during COVID to aid stretched local nonprofits. Why give to FCCF? A community endowment ensures perpetual resources to address evolving community needs. As the endowment grows, so does the impact! Help FCCF meet its goal of raising $60 million through legacy gifts. An endowment of that size would generate $3 million annually to fund the needs that will improve the quality of life in Frankfort and Franklin County now, and for generations to come. "A community is not successful without folks willing to give of their time (and money.) The fund has the capacity to be a driving force for good in our community, and it is gratifying to be a part of building it," says Harry. Dive deeper into the FCCF mission and vision in the interview with Harry Carver: https://lnkd.in/ee6VGuiu

$90 million has been allocated to South Carolina charities, including those with minimal track record. This raises crucial questions about effectiveness and transparency in the nonprofit sector. 🌟 As donations surge, it's vital to ensure funds address the most pressing community needs efficiently. The current funding strategy, based merely on financial records and past performance, shows room for improvement in how nonprofits are evaluated. 🔍 **Key Insights:** 1. This substantial allocation highlights the urgency for nonprofits to demonstrate transparency and accountability. 2. Effective monitoring and transparent reporting mechanisms are essential to ensure funds are utilized effectively. 3. It's time to revisit our funding criteria to prioritize impact and evidence-based results over historical financial records. 💡 How can we enhance transparency and accountability in nonprofit funding processes to better serve community needs? Let's take this opportunity to reflect on our practices and share ideas to foster a more transparent and effective nonprofit sector. #NonprofitTransparency #AccountabilityInPhilanthropy #EffectiveGiving #CommunityImpact #NonprofitSector #DonorTrust #Philanthropy

As we navigate supporting our communities through charitable giving, foundation payout rates are a large factor in that equation. We released new research that shows how increasing the payout rate would negatively affect our charitable sector, resulting in the loss of billions of dollars to help our society. Read the full report here: https://bit.ly/4dlTgX9

Here's why you should invest in marketing for your non-profit if you want to see increased giving: "the power of brand-names in the not-for-profit sector." 👇🏻👇🏻👇🏻👇🏻👇🏻 "Overall, the nation’s top 100 charities received more than $61 billion in private donations in their most recently reported fiscal years, a 4% increase. That bucked a 3% decline in all charitable giving among the country’s one million-plus nonprofits, according to the Giving USA Foundation, and suggests the power of brand-names in the not-for-profit sector." #nonprofitmarketing #storybrand #nonprofitimpact https://lnkd.in/exGwPrfz

Some philanthropically minded individuals establish their own private foundations to support charitable causes, then future generations of their family may not want or be able to maintain the foundation. But there is an alternative to terminating the foundation: it can be converted into a public charity. In our latest Future Wealth Navigator post, Andrew Logan explains the process. #estateplanning #foundations #charities #taxlaw

I was grateful enough to have spent the last few months working at Rancho Santa Fe Foundation. I learned a ton about not-for-profit accounting, community foundations, and the financial statement preparation process. Check out this article if you want to learn more about RSFF and the tax advantages of charitable funds!

Looking for ways to support your favorite charities? In our August Wealth Strategies Webinar, two Baird experts explain the options, from donating appreciated stock to establishing a private foundation. https://bit.ly/3ZwF3jK

Tips for making your charitable donations even more tax-effective!