During COVID, many funders began to change their approach to grantmaking, shifting to become more open and flexible vs formal and structured in their giving patterns and application process. If you are rethinking your grant application process, make sure you weigh these key considerations to make the best decision.
What kind of organization do you want to support? How do you know if you have found the right fit? We share some key considerations to discuss with your team.
The topic of unrestricted grants, and whether funders should provide them, is a longstanding debate in the philanthropy sector. This blog post covers common issues surrounding unrestricted grants for nonprofits in the hope of sparking better communication between funders and grantees.
Funding a nonprofit startup can be an exciting way to support a cause that matters to you. Startup teams often have fresh, innovative approaches to societal challenges, and a strong drive to carry out their proposed solutions. At the same time, supporting a startup nonprofit does carry some risk. Here are key points to consider to determine if this is a worthwhile pursuit for you and your philanthropic goals.
One size never fits all when it comes to Catholic school funding. We discuss some of the many innovative ways philanthropists are funding Catholic schools today, not only to carry on the important tradition of Catholic education but to maximize impact in the overall community.
Many Catholic philanthropists—whether they have a family foundation or not—have grappled with the question: how can I involve my family in philanthropy? This blog post discusses ideas on how to involve younger generations in family giving, incorporating examples from “The Next Generation of Catholic Philanthropists: Inspiration and Ideas for Engagement” from FADICA.
Tax benefits are, of course, an important consideration in philanthropic decisions. However, they are never the only relevant factor, especially for Catholic philanthropists who want to give in line with their values and make a faith-centered impact. Our guide can help point you in the right direction as you weigh year end giving options.
Funders and nonprofits need each other to do good. But sometimes, a harmful power dynamic can emerge and the relationship becomes unbalanced in the grantor’s favor. This can damage trust and close off future opportunities for good work, among other problems. How can you build a healthy partnership with the nonprofit organizations you financially support?
A thoughtfully crafted mission statement is like a compass. It guides decisions, redirects focus, and encourages everyone on the journey to stay the course. Every Catholic foundation needs a strong mission statement; learn why they matter and how to write yours.
Did you know a donor advised fund allows you to give to causes you care about in a strategic way while benefiting from tax deductions? Find out how donor advised funds work, how to set them up, and how they can be a useful instrument on your philanthropic journey.
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