Donor-advised funds: What DAFs’ popularity may mean for philanthropy |
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Donor-advised funds (DAFs) are playing an increasingly significant role in how people in the U.S. formalize and distribute their charitable giving.
As more donors embrace DAFs, it’s important to understand what they are, why they’re on the rise, and how this growing trend may affect fundraising and sector-wide issues, such as funding transparency, accountability, access, and equity.
A growing philanthropic middle ground
At their core, DAFs are investment accounts that can only be used for charitable giving. While the money in the fund is owned and managed by a financial firm, DAF donors still have a say in how and to which nonprofits its assets are distributed.
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How Non-Profit Leaders Can Thrive with Fractional Resources |
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Non-profits play a vital role in our communities by advocating for positive change, fulfilling unmet needs, and enhancing the overall quality of life in the communities they serve. While focusing on the missions of their organizations, non-profit leaders also must prioritize strong financial management to ensure long-term sustainability for their organization.
Non-profits face many challenges as they navigate the needs of the populations they serve, their staff, and the donors who support them. In a post-pandemic environment in which donations have not yet fully recovered, non-profit budgets can be strained, and with funding sources less readily available, making the case to hire staff with deep knowledge of non-profit accounting can be particularly challenging.
Hiring a fractional non-profit CFO or Controller can be a cost-effective way to meet these needs and save on the expense of additional staff salaries, benefits, and training costs.
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At Your School (AYS) named Lynn Auffart as controller. Auffart previously served as finance senior director for United Way of Central Indiana. |
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Indiana Diaper Bank has hired Jessica Taylor as their TANF program coordinator. Taylor previously served as paleontology preparator at The Childrens Museum. |
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United Way of Central Indiana is now accepting applications for its fourth annual Go All IN Day on June 21. Nonprofit organizations looking to host a project can fill out the online application form to be considered. Organizations can also RSVP to volunteer. Learn more and apply
The Villages of Indiana launched the Mother-Centered Domestic Infant Adoption Program, thanks to the generous support of a $1.6 million grant awarded by Lilly Endowment Inc. The program offers comprehensive support to expectant mothers as they navigate the crucial decisions associated with pregnancy and potential parenthood. Learn more
Damien Center has expanded financial assistance eligibility for patients seeking HIV care and treatment. The expanded requirements will enable individuals earning less than $72,500 per year to access Damien Center’s medical care, pharmacy discounts, food pantry, and additional services. Learn more
DePauw University’s new Creative school, a $64 million project to launch this fall, is part of the school’s Bold and Gold strategic plan. This program offers a transformative experience, to amplify artistic abilities and cultivate the power to create a meaningful impact on contemporary culture. Learn more
The International Center is accepting applications for the 2024 James T. Morris Global Leadership Series, a five-month global leadership development program. The application opens March 1. Learn more and apply
Attend the INspire Her Summit. This event will connect passionate advocates, allies, and champions as attendees are immersed in impactful conversations and inspiring moments. Purchase your ticket to participate in a day dedicated to shaping a future in Indiana that uplifts the female perspective. Presented by Girl Scouts of Central Indiana, Pass the Torch for Women, and Girl Coalition of Indiana. Register today for the March 21st event
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Diversity dialogue: How to be an antiracist on Feb. 15 at 9:30 a.m. Join an expansive conversation on how deeply ingrained racism is in our society and outline what we can all do to annihilate it completely. Presented by Marion County Commission on Youth (MCCOY). Cost: Free. Register
Empowering fundraisers to create social good lunch program on Feb. 21 from 11:30 a.m. – 1 p.m. at The Salvation Army Indiana Division, 6060 Castleway W Drive. Presented by the Association of Fundraising Professionals, Indiana Chapter. Cost: $30. Register
Funding the urban north: Philanthropy, policy, and racial equity "after" civil rights virtual discussion is on Feb. 27 at Noon. How philanthropy shaped U.S. cities in the decades after the civil rights movement. Presented by IU Lilly Family School of Philanthropy. Cost: Free. Register
Seeking support for general operations: What to know webinar on Feb. 29 at 2 p.m. Learn how leaders can make a compelling case for general-operating support and position their organizations as strong and sustainable. Presented by The Chronicle of Philanthropy. Cost: $69. Register
Smart fundraising: How savvy groups are streamlining and innovating webinar replay. Hear from various development executives about the tools and tactics they are using to meet ambitious revenue goals, ensure employee well-being, and help their organizations meet their missions. Presented by The Chronicle of Philanthropy. Cost: Free. Watch
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AmeriCorps is looking for volunteers to expand their anti-poverty impact with the AmeriCorps VISTA program. Dedicate a year of full-time service with an organization to create or expand programs designed to empower individuals and communities in overcoming poverty. Learn more
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Nonprofits play a crucial role in creating positive social change, but their impact is hindered when internal culture is neglected.
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Candid shares their vision for the future of grant reporting in the sector.
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Our sponsor marketplace serves to further connect our readers with our advertisers who are focused on serving nonprofits. To learn about each sponsor's nonprofit services, click on its logo.
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FUND DEVELOPMENT
STRATEGIC PLANNING
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BANKING/
ASSET MANAGEMENT
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Grow your organization in a cost-effective, collaborative space that supports your unique needs. Refinery46 goes beyond physical space to focus on you and your organization. In addition to promoting a collaborative and inspiring environment, Refinery46 delivers a full-service workspace for founders, teams, and individuals. Learn more. Visit Refinery46.com, call (317) 762 4646, or email Community Manager Addison. |
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Nexus coworking spaces available
Need an affordable, community-oriented work environment? Nexus currently has open desks and dedicated desk options available in its shared coworking space. Month-to-month memberships include free meeting room credits, high-speed internet, printing, and coffee. Nexus members consist of small business owners and nonprofits that are making a positive difference in Indianapolis. Monthly memberships range from $59 to $149. Learn more
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CHARITABLE ADVISORS FEATURED JOBS |
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Executive Leadership (CEO/ED/COO)
Fund Development/Marketing/PR/Advocacy
Admin Support/Clerical
Finance/Accounting/HR/IT/Facility
Data/Research/Quality Assurance
Programs/Program Support
Internships/AmeriCorps/VISTAs
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