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Richard C. Peck Consulting, LLC & The Philanthropy Guy, LLC


Providing consulting and educational services to nonprofits, donors, and professional advisors related to impactful charitable giving

CONTACT RICK

Charitable Giving Newsletter

04/01/24


In This Bi-Weekly Issue:


Reflections...


Weekly Tips for Nonprofits, Donors, and Professional Advisors

Reflections...

First of all, just letting y'all know that I am moving the cadence of my newsletters to bi-weekly, given that people's in-boxes are getting increasingly full (as is mine) and I am getting increasingly busy...which is not a complaint, just a fact!


Monthly newsletters felt too infrequent given all that is happening in the philanthropic world, so bi-weekly is a compromise.


Thank you for your support over the past six months with what I have produced in this newsletter! I am so pleased that you, loyal reader, feel the content is relevant and that you are encouraging others to read it is well. (Suggested guest spots are always welcome, so please let me know if you feel I should featuring someone special here.)


Additionally, I am now almost eleven months into my independent philanthropy consulting practice, and I thought I would take a moment to look back and comment on what I have observed so far with the three keys audiences I am marketing to:


Nonprofits are my biggest customer/target audience so far, by far. It doesn't matter if they have no fundraising program, one that is limping along, or one that is thriving---but needs a boost or a refreshed perspective. It doesn't matter if they are micro, small, medium, large, or mega. Most seem to need help with strategic planning (mission, vision, BHAG, SWOT) as well as gift acceptance policy work (and gift acceptance protocol), and their donation websites very seldomly show much beyond cash donation opportunities. Campaign planning and general education, including one PowerPoint regarding "Moves Management," are popular.


Donor referrals are slower, but when they come, donor interests are: 1) how can they make the most impact with their charitable dollars in a crowded marketplace of 1.8 million nonprofits to choose from; 2) which assets should they use to make their donation, including real estate, or stock, or other types of non-cash assets; 3) which vehicle should they choose---a donor-advised fund, a private foundation, a charitable gift annuity, a charitable remainder trust, or some other vehicle?, and 4) should they be anonymous with their giving, and if so, how?


Regarding professional advisors such as CPAs, wealth advisors, trusts & estates attorneys, and family wealth offices, they seem to fit into four categories: 1) they bring up the philanthropic conversation as often as possible; 2) they bring up the conversation only once-in-a-while; 3) they bring up the conversation only when the client does, or 4) they never talk about it. I have given lots of presentations over the past year and I try to offer a survey each time that solicits one of these four answers, and it seems to weight heavily to the second and third responses. So, I try to help them with courses like this Richard Peck | myCPE Expert Instructor (my-cpe.com), as well as new courses I devise at least monthly---with training on a sample intake form, and more offerings on the horizon---in response to what I am seeing and hearing (or NOT seeing and hearing in this space).


Anyway, please let me know by sending an e-mail through clicking right here thephilanthropyguy@gmail.com and offering what you feel is MISSING in this newsletter---or what you want to see more of. I am to please!

A Tip for Nonprofits: What the heck is a KPI? How does that differ from a metric? Don't you have enough to think about (sigh)? Well, yes, but, um, well...this is a terrific, easy-to-read article that separates the two concepts and fleshes out their characteristics as well for strategic purposes. Read more by clicking this blue link here: KPIs vs. Metrics: Understanding the Differences in 2023 (databox.com)

A Tip for Donors: So, we know that religion is consistently the top choice for donations/grants in the U.S., above education and other choices. However, how much do people of certain religions give, and to what? Jewish people give the most of all the religious faithful, averaging $2,526 annually, to Protestants’ $1,749, Muslims’ $1,178, and Catholics’ $1,142. Jewish and Muslim donors tend to prefer to donate money to social and human rights organizations, while Christian giving choices vary by denomination. Learn more by clicking this red link here, if you scroll WAY down: 80+ Charitable Giving Statistics & Demographics (2023) (definefinancial.com)

A Tip for Professional Advisors: You may have heard that proposed regulations could cause significant disruptions to donor-advised funds (DAFs). Also, the role of personal investment advisors could become pretty restricted. Please take six minutes to get up-to-speed via this excellent short summary (just a few months old) via the gold-ish link here: Proposed Regulations Define Donor Advised Funds | BakerHostetler (bakerlaw.com)

"While we do our good works, let us not forget that the real solution lies in a world in which charity will have become unnecessary."

~Chinua Achebe

Richard C. Peck Consulting, LLC and The Philanthropy Guy, LLC

About Rick

228 Park View Drive

Belmont, NC 28012

+1 (603) 387-3897

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