Donor-Advised Funds (DAFs) have emerged as a major force in philanthropy, yet many nonprofits struggle to tap into this growing source of charitable giving. St. Jude Children’s Research Hospital has perfected a strategy for engaging DAF donors, focusing on ease of giving, building relationships with financial advisors, and framing gifts as investments in medical research. By adopting similar strategies, nonprofits can unlock the full potential of DAF giving, ensuring sustainable support and maximizing their impact. Those who don’t engage effectively with DAFs risk leaving significant funding untapped.
Read MoreNonprofits are at the heart of tackling social challenges, but their long-term success relies on resilience and adaptability. A powerful lesson from Graham Windham’s experience highlights how diversifying revenue streams is crucial for sustainability. By pivoting to private donations when government funding fell short, they proved that financial resilience comes from a broad, diverse funding base. Nonprofits can emulate this success by developing multiple revenue channels, from earned income and individual donors to corporate partnerships and endowments—ensuring their ability to continue making a difference, no matter what challenges arise.
Read MoreThis holiday season, we’re reminded of the powerful connection between philanthropy and the spirit of Christmas, as seen in A Christmas Carol. Just like Scrooge’s transformation, giving brings joy, fulfillment, and lasting change, not only for those in need but also for the giver. Philanthropy inspires ripple effects that strengthen communities and brighten futures. Wishing you a joyful Christmas filled with love, hope, and the spirit of giving.
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