Between the merry-go-round of government changes, staffing shortages and a fluctuating financial market, many youth-focused nonprofits lack one of the most vital tools in securing their future–an endowment.
If your organization is like many other youth-focused nonprofits, the generosity of donors is a huge source of funding for some, if not all, of your income. As a result, fundraising is always a top priority. Since child-focused nonprofits often compete for donor dollars and attention, how can your organization stand out in the crowd of nonprofits that help kids?
A recent charitable giving report from Blackbaud Institute confirms that donations in the United States grew by 9% in 2021. This increase occurred for nonprofits of all sizes in all sectors, with 12% of charitable giving coming from online donations. This uptick in charitable giving is, of course, excellent news for youth-focused nonprofits. However, your organization can benefit even more when your staff members are equipped to educate potential donors about some key tax benefits of charitable giving – beyond a simple cash donation. To understand the big picture, let’s first dive into the reasons behind the increase in giving and then review two mutually beneficial donation strategies for taxpayers and nonprofits.