Giveffect revolutionizes the nonprofit sector by “democratizing” its fundraising structure

• DOI: http://doi.org/10.1002/nba.30024
• Date: 01 January 2015
• Published date: 01 January 2015

Also in this issue

Funding Spotlight: NASA opens registration for the

2015 Exploration Rover Challenge ................................ 3

Conferences & Events: AMI a “capstone experience”

for students; FFE conference combats complexity,

navigates change; 11th Annual Nonprot Governance

Symposium; Framingham hosts annual MSCPA

conference ..................................................................... 4

Professional Development: Nonprot Center program

offers leaders a safe place to locate peers, share

experiences .................................................................... 5

Fundraising: THE ASK© puts organization, structure

and process to difcult fundraising questions ................7

Resources: Wiley book decodes nonprot GAAP;

Applications accepted for Lowe’s Toolbox for

Education; DMA debates merits of CRM retargeting;

Webinar focuses on foundation grant proposals ............9

Employment Law: Legal cases that impact nonprots ......10

News: Briefs from around the sector .............................12

Email, iPhone & iPad delivery available. Call 888.378.2537 for information.

www.nonprofitbusinessadvisor.com © 2015 Wiley Periodicals, Inc., A Wiley Company • All rights reserved

View this newsletter online at wileyonlinelibrary.com

Feature

Writing

(See CROWDFUNDING on page 2)

NPT report: Donors increasingly

choosing DAFs to give

The National Philanthropic Trust (NPT) re-

cently released its eighth annual Donor-Advised

Fund (DAF) Report, providing charities, com-

munity foundations and donors with up-to-date

analysis of the market.

According to NPT, 2013 was a banner year of

growth for DAFs. Data show that metrics such as the

number of DAF accounts, grants from DAFs, contri-

butions to DAFs and charitable assets under manage-

ment all grew, and in some cases outperformed their

previous record for the third year in a row.

Among the report’s signicant ndings:

•  The number of DAF accounts increased 4.2

percent to 217,367.

•  Grantmaking from DAFs giving to qualied

charities increased by 12.6 percent to a record high

of $9.66 billion.

•  Contributions to DAFs increased 23.5 percent

to $17.28 billion.

•  Charitable assets grew almost 20 percent,

surpassing $53 billion.

NPT said such breakthrough numbers are

encouraging for nonprots and those that receive

services, and are a sign that individuals who create

DAFs are using them to support the charities they

care about most.

To read the complete report, visit http://www

.nptrust.org/daf-report. ■

Vol. 304 January 2015

Giveffect revolutionizes the nonprot sector

by “democratizing” its fundraising structure

The CEO said crowdfunding is all about raising

small amounts of dollars from large groups of people to

make “the impossible possible.” Nonprots and/or their

constituents—who may range from elementary school

students to senior citizens—can use crowdfunding to

fundraise for specic projects by rallying their support-

ers, choosing a monetary goal and setting a time line.

The $5.1 billion crowdfunding market has rattled

the halls of development ofces nationwide and is set

to double next year, according to Giveffect CEO and

co-founder Anisa Mirza. As of 2013, nonprots and

other social-good causes had taken in a substantial

piece of that pie—30 percent of the total funds raised.

“The implications of this are huge,” Mirza said

in a recent interview with Nonprot Business Advi-

sor. “What that tells us is that nonprots have a

tremendous amount to gain from crowdfunding and

embracing it as part of their annual giving strategy.

It’s disrupted the fundraising eld.”