News
| DOI | http://doi.org/10.1002/nba.30407 |
| Published date | 01 January 2018 |
| Date | 01 January 2018 |
12
JANUARY 2018NONPROFIT BUSINESS ADVISOR
© 2018 Wiley Periodicals, Inc., A Wiley Company • All rights reserved
DOI: 10.1002/nba
News
Grants made by donor-advised
funds hit new high
New research from the National Philanthropic
Trust shows that grants made by U.S.-based donor-
advised funds saw strong growth in 2016, reaching a
record high of $15.75 billion. According to the 2017
Donor-Advised Fund Report, DAFs remain the
fastest-growing giving vehicle in the United States,
posting gains in every metric tracked.
For example:
• Grants from donor-advised funds to qualied
charities totaled an estimated $15.75 billion, rep-
resenting an increase of 10.4 percent compared to
2015, which is revised to $14.26 billion. The average
annual rate of growth from 2012 through 2015 was
18.8 percent.
• Contributions to donor-advised funds increased
to $23.27 billion, or a 7.6 percent increase compared
with the prior year’s contributions, which are revised
to $21.62 billion. This rate of growth trails the 8.8
percent rate from the previous year, the report said.
On average, from 2012 through 2015, contributions
rose 15.6 percent a year.
• Charitable assets in donor-advised funds grew by
$7.52 billion in 2016 to $85.15 billion. This represents
a 9.7 percent growth from a revised total of $77.63
billion last year. Per the report, from 2012 through
2015, charitable assets increased an average of 20.2
percent annually.
Another trend highlighted in the report: Illiquid
assets are being converted to philanthropic capital in
new and innovative ways.
“At NPT, we see donors increasingly contribute
complex assets, like restricted stock and real estate,
to fund their philanthropy,” said Eileen Heisman,
president and CEO of the NPT.
To read the report in full, visit https://www.nptrust.
org/daf-report/index.html.
Leading philanthropists partner to
launch new collaborative initiative
A group of the world’s leading philanthropists,
including many high-net-worth individuals and
signatories to the Giving Pledge, has launched a
new initiative that aims to serve as a model for col-
laborative philanthropy addressing social change at
a broad scale.
The initiative, dubbed Co-Impact, will invest $500
million in three critical areas—health, education and
economic opportunity—to improve the lives of un-
derserved populations across the developing world.
The effort’s initial partners include Richard
Chandler, Bill and Melinda Gates, Jeff Skoll, Dr.
Romesh and Kathy Wadhwani, and The Rockefeller
Foundation.
According to a statement announcing the initiative,
Co-Impact is founded on the belief that achieving
these goals requires collaboration and partnership,
long-term support for promising approaches and a
commitment from key actors to change underlying
systems.
“Systems change succeeds by bringing together
local communities, nonprots, governments, business,
donors, and others to drive lasting change beyond
what any individual actor could possibly do alone,”
the statement said.
For more information, visit http://www.co-impact.
io. ■
The judge noted that by the time Salzbrun had
revealed his Parkinson’s diagnosis, the executive
committee had already compiled the largely negative
reviews from the WCCS board and staff, provided
their own harsh assessment of Salzbrun’s leader-
ship abilities and asked to analyze his employment
agreement.
EMPLOYER WINS ➔ The judge decided that
“the writing was on the wall” long before Salzbrun
had divulged his diagnosis, and ruled that WCCS was
not required to reverse the process already in motion
solely because Salzbrun mentioned that he had a
disability. Judge Black granted summary judgment
in favor of WCCS, explaining that because of the
extraordinarily late timing of Salzbrun’s divulgence
of his Parkinson’s diagnosis, no reasonable nder
of fact could look at the evidence and conclude that
any part of the termination decision was inuenced
by that diagnosis.
[Salzbrun v. Warren County Community Services
Inc., U.S. District Court for the Southern District of
Ohio, No. 1:16-cv-402, 07/14/2017]. ■
EMPLOYMENT LAW (continued from page 11)
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