Notes from a recent speech by Stacy Palmer, Editor, The Chronicle of Philanthropy at a CASE conference I attended in Chicago:
1)The economy
Foundation assets have fallen 17% and it’s hard to estimate trends in 2011. A cautious outlook. There is optimism as there have been several gifts of $100 million and above that have come to Universities, especially USC. The Committee on Philanthropy showed an 18% increase in corporate giving but most of it has been through drug makers giving in-kind gifts to patients due to the sagging economy. Top priorities for Foundations are job creation and scholarship opportunities.
2)Changing relationships with government
“What counts as a charity?” is being asked frequently. Position yourself well in the marketplace- why do you stand out? There is great emphasis on performance and innovation.
3)Threats to charitable deduction
The administration has been mulling a reduction in value of charitable deduction for wealthy people.
4)How fraud are non-profits? Issues that affected NPR; Fiesta Bowl and 3 Cups of Tea
5)Rise of feisty donors
6)Changing demographics
7)The Giving Pledge
Focus on millionaires in emerging economies and not just billionaires.
8)Technology
Online giving is faster and more secure.
9)Everybody is a fundraiser– however the once with experience and skills will be better off.
10)Are there enough good fundraisers?: Campuses need to keep them inspired.
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