July 17, 2014
Giving circles tend to fly under the radar in most discussions of fundraising strategies. In some ways, this is due to a shift in focus on getting as many individual donors participating in campaigns so that nonprofit organizations have a larger pool of people to reach out to during a drive. The logic behind this likely resides in the idea that a larger number of people willing to give to a nonprofit will enable more sustained financial support. However, the same principle underlies the premise of giving circles, only on a smaller scale.
For instance, The New York Times wrote an in-depth article looking at the role of giving circles in philanthropy, especially the work of Women for Social Innovation. This collective composed of 20 women is a membership organization that provides financing for nonprofit groups in and around Philadelphia. They recently partnered with Rock to the Future, an enterprise providing financially at-risk children with music education. With $15,000 in startup funding from the giving circle, Rock to the Future has been able to take advantage of a large cash infusion and this can create a difference in target communities more quickly than individual donations resulting from fundraising campaigns, The Times wrote.
Connected to Give, a research series exploring the scope of giving, further investigated the role of giving circles in the world of nonprofit contributions. The report, "Connected to Give: Community Circles," found that nearly 13 percent of American donors have been part of a giving circle. In terms of demographics, household income levels for people having participated in this type of philanthropic group generally ranges between $50,000 and $100,000. What's more, women are more likely to belong to giving circles, as are people below 40 years old.
Although each nonprofit usually serves a unique group of donors, this information can help organizations locate new revenue sources to amplify their fundraising efforts.
Content presented by First Nonprofit Group, the leading provider of state unemployment insurance solutions for 501(c)(3) nonprofit employers.
Throughout our membership in the Unemployment Savings Program, First Nonprofit understood our demands, community dynamics, and the importance of seamless services; that allowed us to serve our constituents better.
Because INCS advocates for the operating conditions that allow charter public schools to provide high quality public education, partnering with First Nonprofit was an easy decision. First Nonprofit’s unemployment programs provide our member schools two operating elements crucial to their ability to provide high quality public education: savings and budget certainty. Capable, committed teachers are the key to student success. By participating in the unemployment insurance savings plan, charter public schools gain peace of mind and are able to invest more money in their teachers.
It has been our sincere pleasure to maintain a strong, vibrant business partnership with First Nonprofit. We greatly admire their strong industry knowledge, technical expertise, constant professionalism, knowledgeable and dedicated staff. They are always extremely responsive, personable and provide us with the necessary guidance and recommendations on a numerous variety of employment scenarios.
NYCON members who use First Nonprofit’s programs enjoy enduring savings and improved efficiency. Our association knows that success, because from the beginning, we achieved the same great benefits. Great savings, seamless technology, and responsive service. NYCON highly recommends First Nonprofit’s remarkable unemployment solutions.
Visually Impaired Preschool Services has been a client of First Non-Profit since it was first offered as a benefit of VisionServe Alliance. We completed a thorough evaluation of cash savings to our agency before taking advantage of this wonderful benefit and it has been a very wise decision. Our experience with the processes from accounting to claims have been professional, expeditious and easy.
Luckily for us, our interactions regarding any issues with staffing has been very minimal! I can say that all other interactions with regards to billing, 941 reporting, etc. have been extremely pleasant, accommodating and easy to work with. Kim Ghanayem is always prompt, professional and friendly. Thank you so much!
First Nonprofit has been easy to work with and makes the administrative process easier and smoother. We enjoy working with you.
The Ensight Skills Center has enjoyed working with First Nonprofit for several years. We are enrolled in their Unemployment Savings Program and although we have not required a lot of intervention, there have been a few times. I know others have dealt with the same problem of unemployment fraud over the last year and in our case, a call to First Nonprofit (they actually answer their phones) cleared up the issue. They also sent us a letter to send to all our employees telling them what they needed to do to prevent this in the future and protect themselves. What a relief! Over the years if I have questions or concerns, they are happy to listen, advise and help if they can. Another BIG advantage of using First Nonprofit is that all the money that is paid into the Unemployment Savings Program lives on my balance sheet as an asset. The money continues to be Ensight’s not the governments. First Nonprofit has certainly given me peace of mind.