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.
Working with Marshal Whittey at First Nonprofit has been a great experience. He handles our request as a priority and goes above and beyond to resolve any issues we have in a timely manner. Marshall follows through to the end and ensures our needs are met. He has been a great resource for LSC and our “go to” for any tax questions we may have. With LSC transitioning several facilities into one federal tax identification number, First Nonprofit was able to assist and provide guidance with best practices resolving claims to each entity. Additionally First Nonprofit provided knowledge (information materials) and one on one training to HRS group with best practices to handle claims state adjudicated, fraudulent claims, and appeals. And processing information in the First Nonprofit [unemployment claims] system allows for timely information can be collected.
My experience with FNP has been wonderful. Unemployment in general is quite confusing and FNP has simplified the process for us. Everyone we have reached out to or worked with has been very helpful and follows up to be sure we understand the information. I am so happy we made the switch to FNP!
First Nonprofit smoothed the unemployment perils for our organization during Covid. Without the ability to cap our UI exposure, we would not have been able to weather the storm. The program worked perfectly and we have come out of the pandemic ready to forge on. Thanks FNP!
My experience with the FNP has been fantastic. The idea of setting funds aside for the unemployment tax liability is a bedrock for nonprofit organizations like mine, namely ASHBA; what is even more advantageous is having the FNP as a custodian of those funds. 100% recommended!
I would like to comment on my experience with FNP….to date our District has saved $1,000’s of dollars by being enrolled in the First Nonprofit program. My only regret is that we did not know about this method of paying unemployment tax years ago….as I had figured about five years
ago, had we enrolled 15-20 years ago, we could have saved our small school district upwards of $500,000 in payments to IDES. Also we would have had a pretty hefty sum of money in our Reserve Account. Thankfully I attended a workshop hosted by First Nonprofit back in 2015 which got the ball rolling!
I have worked with the First Non-Profit Team for many years, and I appreciate the quick response and care that Cecilia and the team provides anytime I have questions. While there are other providers that may provide like services, First Nonprofit will always be my first choice! I appreciate you!
First Nonprofit has been easy to work with and makes the administrative process easier and smoother. We enjoy working with you.
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!