Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Monday, July 8, 2013

WWNYTV: Jump-Starting the Economy Through the Arts

Jump-Starting The Economy Through The Arts

North county cultural leaders are looking to find ways to help the region. 
Representatives from the North Country Arts Council, the Clayton Opera House and about 20 other groups sat down recently with state officials to look at ways to jump-start the economy through the arts.

State officials say the sky's the limit.

"What can't we get aligned with," said Lisa Robb of the New York State Council of the Arts. "The world is our oyster."

"We can work with arts organizations, we can work with municipal government, we can work with higher education, K-12 education, veterans."

Watertown was one of several stops for state officials. It's part of an initiative spearheaded by Gov. Andrew Cuomo. 



Via WWNYTV (link).
Video on linked page.

Monday, May 13, 2013

News from State Comptroller Thomas P. DiNapoli


News From State Comptroller Thomas P. DiNapoli

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For the week ending May 12, 2013 


DiNapoli: IDA Performance Improves, But Concerns Remain

New York’s Industrial Development Agencies (IDAs) supported nearly 4,500 projects and provided $560 million in net tax exemptions in 2011, increasing estimated job gains by almost 36,000 from the previous year, according to areport issued Tuesday by State Comptroller Thomas P. DiNapoli. DiNapoli’s sixth annual report examining the performance of the state’s IDAs found improved reporting of data but recommended that IDAs do more to objectively weigh incentives against economic benefits to communities and evaluate projects receiving tax and other breaks.

State Pension Fund Invests $568,000 In Fieldlens

New York State Comptroller Thomas P. DiNapoli announced a $568,000 investment in FieldLens, creator of a mobile and web application designed for the construction industry. The investment was made through High Peaks Venture Partners, SoftBank Capital and Contour Venture Partners. The New York State Common Retirement Fund is an investor in these funds through its In–State Private Equity Program.

DiNapoli: Empire Continuing to Overpay for Special Medical Items

New York State health insurance provider Empire BlueCross BlueShield overpaid hospitals by nearly $490,000 for special medical items such as implants, drugs and blood, including more than $77,000 to just one hospital, over a six month period, according to an audit of the New York State Health Insurance Program released Thursday by State Comptroller Thomas P. DiNapoli.

Comptroller DiNapoli Releases Municipal Audits

New York State Comptroller Thomas P. DiNapoli Wednesday announced his office completed the following audits: the Village of Arcade; the Town of Ballston; the Town of Eastchester; the Halfmoon–Waterford Fire District No. 1; the Village of Herrings; the Village of Lewiston; the Village/Town of Mount Kisco; the Town of Northampton; and, theTown of North East.



Also in the News

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Friday, February 19, 2010

Closure for NYS Parks and Historic Sites Proposed

The Office of Parks, Recreation, and Historic Preservation (OPRHP) today put forward a recommended list of closures and service reductions in order to achieve its 2010-11 agency savings target and help address the State's historic fiscal difficulties.

Governor David A. Paterson issued the following statement:

"New York faces an historic fiscal crisis of unprecedented magnitude. It has demanded many difficult but necessary decisions to help ensure the fiscal integrity of our State. The unfortunate reality of closing an $8.2 billion deficit is that there is less money available for many worthy services and programs. In an environment when we have to cut funding to schools, hospitals, nursing homes, and social services, no area of State spending, including parks and historic sites, could be exempt from reductions. We cannot mortgage our State's financial future through further gimmicks or avoidance behavior. Spending cuts, however difficult, are needed in order to put New York on the road to fiscal recovery. Going forward through the budget process, I look forward to a productive dialogue with the Legislature on parks and historic sites, as well as other issues."

OPRHP Commissioner Carol Ash issued the following statement:

"The 2010-11 Executive Budget included reductions to every area of State spending. As such, the Office of Parks, Recreation, and Historic Preservation has today put forward proposed closures and service reductions to meet its agency savings target. These actions were not recommended lightly, but they are necessary to address our State's extraordinary fiscal difficulties."

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A fact sheet on the proposed closures and service reductions is included below:

The Office of Parks, Recreation, and Historic Preservation (OPRHP) today put forward a list of closures and service reductions in order to achieve its proposed 2010-11 agency savings target and help address the State's historic fiscal difficulties. As part of a comprehensive plan to close an $8.2 billion deficit, the 2010-11 Executive Budget included necessary cost reductions to each executive State agency, as well as cuts to education, health care, social services, and every other area of State spending.

OPRHP's plan includes the closure of 41 parks and 14 historic sites, and service reductions at 23 parks and 1 historic site.

The plan also assumes $4 million in park and historic site fee increases that will be identified at a later date, and the use of $5 million in funds from the Environmental Protection Fund (EPF) to finance OPRHP operations. These two actions were part of the 21-day amendments to the Executive Budget and are intended to reduce the number of parks and historic sites subject to closures and service reductions.

Specific recommended closures and service reductions are detailed here.

Oishei program focuses on basics

Buffalo Business First reported that the region’s largest private foundation has launched an initiative aimed at addressing basic human needs.

The John R. Oishei Foundation has invested $1 million in the initiative, designed to help residents find the help they need right in their own backyards.

The program will include three traveling teams comprised of nonprofit professionals with expertise in human and social services. The teams who will move throughout Erie and Niagara counties over the next two years, spending up to a month in each community.

Each team will work directly with agencies which already deliver services in the local areas to identify existing services as well as service gaps. At the end of each month in the given community, the team will hold a week-long community resource event to assist individuals and families who require human services support. Read more here.

Sunday, January 24, 2010

Some leaders optimistic about 2010

The Buffalo News reported that more local business leaders are optimistic heading into 2010 than they were last year, but the majority in the Buffalo Niagara region still expect things to stay gloomy or get worse, according to a survey released Wednesday.

A survey commissioned by First Niagara Bank and conducted by the Siena College Research Institute questioned business heads on their feelings about current economic conditions in their industries and in New York State, as well as their expectations for the year to come.

“We’re moving in the right direction, but we have a long way to go,” said Donald Levy, director at the Siena College Research Institute. “We are in the beginning of a slow, cautious recovery, but the general public will not feel the benefits of it immediately.”

In the poll’s overall business confidence index of 0 to 200, Buffalo Niagara scored a 79.6. That’s a 113-percent increase over last year’s score of 37.2.

When asked just about their future expectations, Buffalo Niagara scored an 87.4, increasing 88 percent over last year.

Of those surveyed, 25 percent of business leaders here said they believe business conditions in New York State will improve, more than twice as many as felt that way heading into 2009.

And while 46 percent expect conditions to get worse, that number is down from 75 percent last year. And another 28 percent expect conditions to remain the same in 2010. Read more here.

Monday, December 21, 2009

Local people, agencies step up despite recession

The Rochester Democrat and Chronicle offered the following article on nonprofit trends and the use of social media during this year:

Beverly Colon is used to getting a grab bag of sweaters, cookbooks and kitchenware from her siblings every Christmas.

This year, that won't be happening.
Instead, Colon, 40, will be pulling up her sleeves and assembling food bags for the community at her church, The Father's House in Chili.

At the tail end of one of the worst economic years in recent history, Colon, her siblings, in-laws and other relatives have decided to forgo giving presents to one another and instead give their time to charities across Rochester.

"We'd rather give than receive right now," said Colon, of Stafford, Genesee County. "We see such a need out there for volunteering, whether it be at church, or the Open Door Mission or even ringing bells for the Salvation Army."

Despite suffering myriad financial woes, people and agencies across the Rochester community have stepped up this year, reaching out to help the less fortunate in record numbers at a time when the need is greater than ever.

While the recession is affecting everyone, and fundraising is down for some nonprofits, individual donors are still finding ways to give back, and charities are finding ways to reach them.

"It seems our history is that when the economy is poor, then the middle class and upper class say, 'The poor must really be hurting,' and they tend to give more," said Maj. John Hodgson, area coordinator of The Salvation Army, which has seen fundraising lag slightly this year.

Volunteerism has increased significantly for many agencies, including the United Way of Greater Rochester, which met its goal of 280,000 volunteer hours for its annual campaign four months ahead of schedule.

The Jewish Community Federation also had a record number of volunteers — about 200 — at its annual phonathon earlier this month.

Local charities also have expanded their efforts to reach people, using social networking sites and other new approaches.

The result has been that many agencies have been able to maintain their level of help to the community, and some have even seen increased success this year.

Colon is used to getting a grab bag of sweaters, cookbooks and kitchenware from her siblings every Christmas.

This year, that won't be happening.

Instead, Colon, 40, will be pulling up her sleeves and assembling food bags for the community at her church, The Father's House in Chili.

At the tail end of one of the worst economic years in recent history, Colon, her siblings, in-laws and other relatives have decided to forgo giving presents to one another and instead give their time to charities across Rochester.
"We'd rather give than receive right now," said Colon, of Stafford, Genesee County. "We see such a need out there for volunteering, whether it be at church, or the Open Door Mission or even ringing bells for the Salvation Army."
Despite suffering myriad financial woes, people and agencies across the Rochester community have stepped up this year, reaching out to help the less fortunate in record numbers at a time when the need is greater than ever.
While the recession is affecting everyone, and fundraising is down for some nonprofits, individual donors are still finding ways to give back, and charities are finding ways to reach them.
"It seems our history is that when the economy is poor, then the middle class and upper class say, 'The poor must really be hurting,' and they tend to give more," said Maj. John Hodgson, area coordinator of The Salvation Army, which has seen fundraising lag slightly this year.
Volunteerism has increased significantly for many agencies, including the United Way of Greater Rochester, which met its goal of 280,000 volunteer hours for its annual campaign four months ahead of schedule.
The Jewish Community Federation also had a record number of volunteers — about 200 — at its annual phonathon earlier this month.

Local charities also have expanded their efforts to reach people, using social networking sites and other new approaches.
The result has been that many agencies have been able to maintain their level of help to the community, and some have even seen increased success this year.

"I think all in all, we're very blessed," said Gary Smith, executive director of the Pirate Toy Fund, which has mostly been able to keep up with demands this year despite seeing an increased number of agencies asking for assistance.

For the past 15 years, Colon, a medical records technician, and the other adults in her family have exchanged presents after pulling each other's names out of a "gift bag."
Her sister, Daisy Rivera Algarin, a senior marketing specialist with the city of Rochester, said that volunteering this year will more than make up for the lack of presents.
"We're going to get a lot more out of it than just our time," said Rivera, of Rochester, "just people's appreciation and seeing what happens."

The need for help this year has been "through the roof," said Smith, the Pirate Toy Fund executive director.

The fund gave away about 24,000 toys to agencies last year and Smith said that number is likely to increase by about 25 percent in 2009.
Other nonprofits in the Rochester area have also seen an increased call for services this year. Agencies supplied by Foodlink served about 21 percent more meals during the first 10 months of 2009 compared to the first 10 months of 2008, said Maria Oberst, Foodlink's community relations manager.
While the need for help has gone up, the availability of funding has dwindled for charities across the country.


Katherina Rosqueta, executive director of The Center for High Impact Philanthropy at the University of Pennsylvania, said nonprofits have had to make difficult decisions, including cutting programs and reducing staff.
They've also had to prioritize their services, she said, with basic necessities like food taking precedence.

"The pain is pretty widespread..." Rosqueta said. "It's kind of that perfect storm of a recession."
In order to contend with their loss of revenue, some nonprofits are trying new methods to reach contributors, including using social networking sites like Facebook and Twitter. The Salvation Army uses both in order to reach younger donors, said Hodgson.

In 2010, the United Way is planning on posting volunteer opportunities on Twitter so followers can see what jobs are available, said Carly Layton, the agency's director of marketing and communications.

Social networking is a necessity for nonprofits as they adjust to changing donor resources, said Kn Moy, senior vice president of Insight and Innovation for Masterworks, a Poulsbo, Washington-based marketing firm that assists Christian nonprofits, including the Rochester Salvation Army.

"It's really going where people are at," said Moy, "going where people who are passionate are at."

Volunteers of America of Western New York also is using Facebook to help boost donations to its Caring Gifts appeal, which is behind schedule this year. Only about $36,000 has been raised so far toward the goal of $85,000. The appeal ends on Dec. 31.

"We're hoping that as we get a little closer to the holidays, people will really dig deep and say, 'I'll make a sacrifice,'" said Shaunta Collier-Santos, the agency's communications and special events manager.
A few charities in Rochester have done well in the recession.

At ABVI-Goodwill, profits went up about 13 percent in fiscal year 2009, which ended on March 31, said Tim Gleason, director of marketing and communications for ABVI-Goodwill.

The agency benefits from the fact that more people shop at Goodwill stores during difficult economic times, Gleason said.

The Catholic Ministries Appeal has raised about $4.3 million so far in 2009, about $250,000 ahead of last year's pace, said Dave Kelly, coordinator of the program.
Kelly attributed the increase to the efforts of individual churches.

With money scarce, some have gotten creative in their attempts to help.
Susie Kopitzki, a senior buyer at the University of Rochester, decided to put her network of friends to good use when she raised money for Lollypop Farm at a fundraising race in September.

In 2008, Kopitzki, of Rochester, was able to raise more than $650 for the race from friends and neighbors.

This year, she posted constant updates on her Facebook wall, asking people to help her raise more.

She also got a friend who owns a clothing store in Rochester to offer a 20 percent discount on all purchases to anyone who donated $20.

With these methods, Kopitzki increased her fundraising to about $2,200 this year, finishing as the top individual fundraiser.
With Facebook, she said, "you can just reach a mass amount of people."

"I think I've got like 330 friends on my friends list. I can't reach them all by e-mail, so it definitely helps a lot."
Kopitzki, 33, was able to give back to her favorite nonprofit by collecting small amounts of money from many people.

In contrast, Earl Lenhard of Brockport planned on giving a lump sum of $100,000 to the United Way, his charity of choice.
Lenhard had money stored up from investments and savings, but, when the stock market took a tumble, he had to revise his plans.

"With the way the economy was going and the way the stock market was going, I didn't expect to have enough there to maintain myself, let alone maintain the United Way," said Lenhard, 60. "I just happened to think of the idea of possibly giving a life insurance policy to them."

Lenhard, an independent contractor, created a policy that will deliver $250,000 to the United Way when he dies, if he dies before he's 102. He pays about $242 into the policy every month.
Lenhard worked for the United Way for almost 13 years, directing a program that distributed products to different nonprofit agencies in Rochester.

"I believe in what they do," he said, "and I think it's the best way to affect the most people in need in the community."
He said he hopes his contribution sets a good example for other people to follow.

This year, younger people are setting their own example.

Hailey Button, 15, and her friends got together recently to ring the bell for The Salvation Army outside The Mall at Greece Ridge.

The ninth-grader and three of her classmates from Greece Athena High School dressed in Santa hats and sang Christmas carols as they watched shoppers drop money into their red kettle.

"It's good to be able to do something to help others," said Hailey, who hopes to turn the event into an annual tradition with her friends.

"There are people who aren't as fortunate as me."

Tuesday, October 13, 2009

"Controlling the Local Tax Burden-A Dialogue" on Oct. 28

Jamestown's The Post-Journal reported that the Robert H. Jackson Center will host a free continuing legal education seminar titled, "Controlling the Local Tax Burden-A Dialogue" on Wednesday, Oct. 28.

Topics to be discussed include The Good, the Bad and the Ugly: Progress and Experience with Efforts in Consolidation of Shared Services presented by Stan Lundine, former chair of the Commission on Local Government Efficiency and Competitiveness, A Case Study discussion with Steve Abdella, Chautauqua County Attorney and David V. DiTanna, CPA, shareholder of Buffamante Whipple Buttafaro, P.C.; and School and Municipal Governance for the 21st Century presented by Gregory L. Peterson, Esq., Phillips Lytle LLP, Charles Zettek, Vice President and Director of Government Management Services for the Center for Governmental Research of Rochester and Dr. Kathryn Foster, Director of the University at Buffalo Regional Institute.

The program will be immediately followed by a luncheon featuring guest speaker, Shane P. Conlan, former Buffalo Bills linebacker.

Developed primarily as a continuing legal education seminar for attorneys, the seminar will appeal to a cross-disciplinary audience of lawyers, municipal officials, business leaders, school administrators, bankers, non-profit organizations and their board members. Read more here.

Sunday, August 30, 2009

With fewer resources, groups opt to give less

The Buffalo News reported how the downturn has impacted local foundations. As the article relates:
Battered by more than $80 million in stock market losses last year, the John R. Oishei Foundation suspended new funding for medical research. The James H. Cummings Foundation, whose assets dropped by about 30 percent, probably will give away $500,000 less in 2009 than in previous years.

The Grigg-Lewis Foundation lost about $12 million and informed charitable organizations it wouldn't award any more grants this year.

"We tell them, 'Come back in January, and we'll take a look,'" said William May, executive director of the Griggs-Lewis Foundation, based in Lockport.

The stock market began turning around in the first half of 2009, but the impact of the 2008 free-fall will be felt in local philanthropic giving for years.

"This is not your daddy's downturn. This is an entirely new animal," noted Paul Hogan, vice president of the Oishei Foundation. "A third of the money has just disappeared. That doesn't come back in a normal cycle."

It took just four months in 2008 to wipe out almost a decade's worth of investment earnings at Western New York's largest private foundation. Oishei had $232.9 million in assets at the end of 2008 — down from $332.9 million at the close of 2007.

In addition to investment losses, overhead costs of $2.6 million and the payout of nearly $16 million in grants — the most in its history — further drained Oishei's net assets.

Other Western New York foundations were in the same boat.

"We will not have the income in 2010 that we had in 2009 or 2008. Nowhere near," said Robert Kresse, a trustee with the Margaret L. Wendt Foundation, where assets fell from about $120 million to $80 million. "We're in a very tight squeeze."

The Wendt Foundation already has sizable grant commitments to pay out from previous years, pinching its ability to award new grants.

Grantmaking hasn't stopped, but foundation representatives said they would have to be more selective than ever. Some foundations acknowledged they're now less inclined to do multiyear grants. Read more here.

With decreased resources, funders will have to cut back on their giving. As these cutbacks impact the sector, nonprofits facing growing deficits and cash flow issues will clearly be facing critical issues. Some nonprofits will go out of business. What does this mean for the sector? How can nonprofits prepare or respond to these funding issues? Share your thoughts here.

Thursday, August 20, 2009

Oishei gives $100K grant for jobs program

Business First of Buffalo reported that a new foundation grant will allow three local nonprofit organizations to create a collaborative jobs program.

The $100,000 two-year grant from the John R. Oishei Foundation to Goodwill Industries of Western New York supports the "Parks Careers Pathways Collaboration."

The program is a collaborative effort between Goodwill Industries, the Buffalo City Mission and the Buffalo Olmsted Parks Conservancy.

The program is intended to offer training and career exploration opportunities at Olmsted Parks for individuals referred by the other two agencies. Individuals will come through Goodwill's Assessment and Evaluation Clinic and the Mission's long-term recovery programs. Read more here.

Sunday, August 16, 2009

Nonprofit Media Coverage Update

The Minnesota Council on Foundations provided this roundup of media coverage on the world of nonprofit and philanthropy:

5 Tips on How to Stretch Your Charitable Dollars
(The New York Times) Here are some creative strategies from The Times on making your charitable dollar go the extra mile.

Concern Worldwide US Challenged by Gates to Test “Game-changing Ideas”
(OnPhilanthropy) With this week’s announcement that Concern Worldwide US had received a five-year, $41 million grant from the Bill and Melinda Gates Foundation, the international relief and development agency will embark on a groundbreaking initiative that hopes to identify and test “game-changing ideas” to improve essential health care delivery to mothers, infants and children in Africa and South Asia.

Corporate Collaborators: Siemens Showcases the Power of Non-Traditional Partnerships
(OnPhilanthropy) Take stock of these two statistics. First, according to a recent international study, American 15-year-olds ranked 21st in science compared to their peers in other nations. Second, the U.S. Labor Department predicts that by 2014 there will be more than 2 million job openings in science, technology and engineering, while the number of Americans graduating with degrees in those subject areas will continue to plummet.

Council on Foundations Launches Organization to Administer Standards for U.S. Community Foundations
(PND) The Council on Foundations has announced the launch of the Community Foundations National Standards Board, a new organization that will administer the National Standards for U.S. Community Foundations accreditation process.

Mpls. Nonprofit Gets $3M in Stimulus Funds
(The Minneapolis St. Paul Business Journal) The U.S. Environmental Protection Agency has awarded a Minneapolis nonprofit $3 million in stimulus funding to retrofit buses, trucks and other diesel vehicles with pollution-control equipment. The Minnesota Environmental Initiative (MEI) will use the dollars as part of its Project Green Fleet program.

Opinion: The Great Philanthropy Takeover
(The Wall Street Journal) David J. Sanders reflects on rural poverty, how little foundation money goes to address this and other rural issues, and how attendess at the recent conference on rural philanthropy by the national Council on Foundations is hoping to address the needs of rural America.

Sunday, May 17, 2009

$10M fund to help entrepreneurs create new companies

A recent article offers some food for thought concerning a group of foundations partnering together to support new ways to respond to the present economy:

The New Economy Initiative for Southeast Michigan and the Ewing Marion Kauffman Foundation are expected to announce Monday afternoon that they have formed a partnership to be based at TechTown to help spur entrepreneurship and create 400 new companies each year in Southeast Michigan.

On Thursday, the board of directors at the NEI, made up of 10 private, mostly Michigan-based foundations, approved the initiative and more than $9 million in funding to begin several economic development programs.

It is expected that TechTown, the technology park and business incubator affiliated with Wayne State University, will receive about $4.5 million of NEI’s second-round funding over three years to scale up its entrepreneurial support projects.

Shorebank, a Chicago-based bank that focuses on community development and has a branch in Detroit, will receive about $1.5 million to provide seed funding for new companies, and minority auto suppliers will receive about $3 million.

“Our programming is definitely coming to Detroit,” said Joy Torchia, director of communications for the Kansas City, Mo.-based Kauffman Foundation. “We’re coming because NEI has asked us to help with their initiative.”

With an endowment of nearly $2.1 billion, according to its Web site, the Kauffman Foundation is one of the 30 largest foundations in the U.S. and regarded as the world’s largest foundation devoted to entrepreneurship. It will become an 11th member in the New Economy Initiative, contributing expertise in entrepreneurial training. “Over the next three years, we are setting out to establish…new companies, and to do so we will utilize every resource — Wayne State, the Henry Ford Health System, Wayne County, the University of Michigan, Ann Arbor Spark, Michigan State and Automation Alley,” Randal Charlton, TechTown’s executive director, said on Friday.

“The details have yet to be worked out, but the building blocks are in place and the work starts tomorrow.”

Launched in 2007, the New Economy Initiative is funded by contributions from 10 local and national foundations: Detroit-based Community Foundation for Southeast Michigan, Southfield-based Max M. and Marjorie S. Fisher Foundation, New York-based Ford Foundation, Detroit-based Hudson-Webber Foundation, Battle Creek-based W.K. Kellogg Foundation, Miami-based John S. and James L. Knight Foundation, Troy-based Kresge Foundation, McGregor Fund in Detroit, Flint-based Charles Stewart Mott Foundation and Skillman Foundation in Detroit.

“I am absolutely delighted to see the Kauffman Foundation bringing their program on urban development to Detroit,” said Tom Anderson, a senior vice president at Troy-based Automation Alley, who was on a conference call Thursday afternoon when the NEI spelled out details to local economic development officials, including Mike Finney, president and CEO of Ann Arbor Spark and Turkia Mullin, Wayne County’s assistant county executive and chief development officer.

“It’s a wonderful thing NEI is doing, deciding to make this significant commitment of resources to transform the community through entrepreneurial resources,” said Finney. “It’s great they are basing it at TechTown. It puts it absolutely at ground zero."

Sunday, April 12, 2009

States Slashing Social Programs for Vulnerable

The NY Times featured an article about how a large majority of states are slicing into their social safety nets — often crippling preventive efforts that officials say would save money over time.

President Obama’s $787 billion stimulus package is helping to alleviate some of the pain, providing large amounts of money to pay for education and unemployment insurance, bolster food stamp programs and expand tax credits for low earners. But the money will offset only 40 percent of the losses in state revenues, and programs for vulnerable groups have been cut in at least 34 states, according to the Center for Budget and Policy Priorities, a private research group in Washington.

New York State is using stimulus money and a tax increase to avoid most of the large cuts in child care, nurse visits to inexperienced mothers and other services that were originally proposed. But if revenues keep falling by the billions, “all bets are off,” said Karen Schimke, president of the Schuyler Center for Analysis and Advocacy in Albany, which studies child and family issues. Read more here.

Sunday, April 5, 2009

MCF media coverage summary

Minnesota Council of Foundations offered the following roundup of media coverage of the world of philanthropy and nonprofits.

Economy:
Financial Safety Net of Nonprofit Organizations is Fraying, Survey Finds
The New York Times: Only 12 percent of nonprofits surveyed expect to end the year with an operating surplus.

Foundation Giving in ‘08 Defied Huge Asset Decline
The New York Times: Foundation giving for 2008 fell by just 1 percent on an inflation-adjusted basis.

Downturn Thinning Ranks for Charity Walkathons and Other Events
The Chronicle on Philanthropy: Pledge-based fundraising events are attracting fewer participants who fear they won’t meet pledge-collection commitments.

Silver Lining of Downturn: Pro Bono Aid
onPhilanthropy: Many law firms are increasing pro bono legal programs, which is good for nonprofits.

As Detroit Struggles, Foundations Shift Mission
The New York Times: Faced with declining resources and exploding need, foundations are picking winners and losers.

National:

National-Service Bill Clears Final Major Hurdle, Winning Senate Approval
The Chronicle of Philanthropy: U.S. Senate adopts Serve America Act.

Analysts: Giving by Wealthy Would Decline Slightly Under Obama Budget Proposal
The Washington Post: Under Obama’s proposal, the tax deduction for those with incomes over $250,000 would be capped at 28 cents on the dollar.

Senate Measure Seeks to Spur Foundations to Give More
The New York Times: Senators introduce legislation encouraging foundations to give away more of their money.

Giving Less but Leading More
onPhilanthropy: It’s vital to showcase foundations’ value beyond dollars and cents.

Community Foundations Increase Funding for Human Services
Dayton Business Journal: Fifty-one percent of community foundations are increasing funding for human services assistance in 2009.

Council Tells Lawmakers 28% of Donor-advised-fund Grants Went to Social Services
The Chronicle of Philanthropy: More than a quarter of grants support basic social services.

Pay at Nonprofits Gets a Closer Look
The Wall Street Journal: Nonprofits bracing for scrutiny of their executive pay practices.

YouTube Ads Earn Nonprofit $10,000 in a Single Day
Watching TV Online: YouTube launches “Call to Action” feature.

Thursday, March 26, 2009

Financial Safety Net of Nonprofit Organizations Is Fraying, Survey Finds

The NY Times featured an article on the findings of a recent survey that show the financial health of the nation’s nonprofit groups is rapidly deteriorating. The survey included 900 nonprofit leaders from around the country.

Only 12 percent of those organizations expect to end the year with an operating surplus, compared with 40 percent who ended their most recent fiscal years with money on hand, according to the survey by the Nonprofit Finance Fund, a charity that provides loans and other financial services to nonprofit groups.

Almost a third said they did not have enough cash on hand to cover more than one month’s expenses, while roughly another third said they only had enough money to get them through the next three months.

Another point of interest is that more than half the respondents said they would like help communicating their financial difficulties to their boards and donors, highlighting the growing belief in the nonprofit world that government and the public do not understand the role it plays in American society. Read more here.

Sunday, March 22, 2009

Study Finds 1 in 4 Nonprofits Plan Staff Cuts

The Philanthropy Journal related that just as demand for many nonprofits services skyrockets, the U.S. nonprofit sector likely will be cutting jobs in 2009, a new study says.

More than one in four nonprofits say they plan to downsize or lay off staff next year, compared to the 7.6 percent than foresaw reductions last years, says the study by Nonprofit HR Solutions.
And only about four in 10 groups say they anticipate creating new positions in 2009, down from six in 10 in 2008. Read more here.

Tuesday, March 17, 2009

Media Roudup for Nonprofits

The Minnesota Council on Foundations offers the following articles of interest for nonprofits:

Economy:
Researchers Examine Foundation Expectations for Giving in 2009
Foundation Center: Of the hundred largest foundations, only two have announced that they intend to increase their giving in 2009. To keep giving stable despite shrinking endowments and assets, ten large foundations, including The McKnight Foundation, are planning to increase their payout rates or establish cost-cutting measures such as freezing salaries, leaving staff vacancies unfilled, or reducing staff benefits.


Economic Downturn a Significant Concern Among Corporate Giving Officers
Foundation Center: Corporate grantmakers indicate their biggest challenge is an increase in grant requests, followed by inadequate financial resources, a decline in their corporate foundation endowment, and measuring results/outcomes.


Stimulus Applications Could Overwhelm grants.gov
Washington Post: The site where nonprofits and local governments can search federal programs and apply for more than 1,000 competitive grants from 22 agencies is already straining under the weight of recent growth.


Collaboration: Every Nonprofit Should Be Doing It
Florida Weeky: I can almost hear the collective sigh of nonprofit executives, staff, volunteers, and board members, because I know you are probably tired of hearing your funders talk about partnership and collaboration. But I am here to tell you that in this day and age, and with this economic climate, you can’t afford not to collaborate.


National:
Education Push Includes Merit Pay
Wall Street Journal: The president’s plan, which largely implements promises from his campaign, includes new incentives for states to boost the quality of preschool programs and easier access to financial aid for higher education. Mr. Obama also called on states to raise standards for student achievement.


Charities Flunk the Gratitude Test
Chronicle of Philanthropy: A nonprofit communications blogger is disappointed by the general lack of response to her gifts to 12 charities.

Wednesday, March 11, 2009

Buffalo Federal Stimulus Package TOWN HALL FORUM

Senate Majority Leader Malcolm A. Smith and the New York State Senate Invites You To:
Federal Stimulus Package TOWN HALL FORUM
FIND OUT
• How your community can benefit from the Stimulus Package
• What projects are eligible for funding
• Information about job creation and business opportunities
Buffalo
Date: Saturday, March 21, 2009
Location: Cheektowaga Senior Citizen’s Center
Time: 11 am - 1 pm


Rochester
Date: Thursday, March 26, 2009
Location: University of Rochester Alumni Center
Time: 6 - 8 pm


For furthur information, please contact the office of Senate Majority Leader Malcolm A. Smith at (212) 298-5585

Monday, March 9, 2009

NYS Information Regarding Stimulus Funds




The National Council of Nonprofits, a partner association of the New York Council of Nonprofits (formerly CCSNYS), continues to post their Special Reports on Economic Stimulus & Recovery. The National Council of Nonprofits is proud to openly share this evolving series of Special Reports about our nation’s economic recovery, including analysis of the American Recovery & Reinvestment Act of 2009 (commonly referred to as the economic stimulus bill) that President Obama signed into law on February 17, 2009.

The newest report, Sources of Information Regarding Stimulus Funds, is available now: Special Report #4
This report identifies national and state sources of information about the federal stimulus funds, including official recovery websites that states have established.

Wednesday, March 4, 2009

Nonprofits fret over Obama’s plan to tax wealthy

Nonprofits are raising concerns over a tax provision in President Obama's budget plan that they say would lead to a sharp drop in charitable donations.

Set to take effect in 2011, the provision would reduce the charitable tax deduction for households earning $250,000 in gross income annually. Under the current system, those in the 35 percent tax bracket receive a 35 percent deduction on charitable contributions. Under Obama’s proposal, the deduction would be reduced to 28 percent. Read more here.

Thursday, February 26, 2009

Nonprofit Article Roundup

The Minnesota Council of Foundations offers a scan of articlies about how the media is covering philanthropy and nonprofits.

Economy:
  • Nonprofits Team Up for Sake of Survival Dayton Daily News: The Dayton Foundation is launching an initiative to help nonprofit organizations forge possible alliances to survive in this shaky economy.
  • Charities Merge at Almost the Same Rate as Businesses Chronicle of Philanthropy: In the for-profit world, investment banks act as match makers, shopping deals to potential merger partners. Nonprofit mergers don’t offer the same financial payoff, and as a result, there are no intermediaries scouting for logical charity mergers. The co-authors of a new report think that grantmakers could play that role.
  • Global Giving: Not So Bleak Fortune: The more dire the outlook, the more the need for giving. Turns out, powerful people are getting more aggressive rather than stepping back. Technology helps. So does an influx of talent.
  • In Uncertain Times, Donors Hold Back New York Times: However, there are ways donors might give in tough times without putting themselves in financial peril, should the economy and financial markets continue their fall.

National: