New Data on Giving Empowers Charities and Churches
Web-based analytic, forecasting innovation is “a game-changer for nonprofits.”
(Dallas) Information may indeed be power, but timing is still everything. With a recent breakthrough, U.S. nonprofits now have a powerful real-time tool for increasing their income and efficiency.
The introduction of PhilanthroDEX™, an online product of Philanthromax, LLC is changing the way charities and churches approach fundraising and financial management.
“After decades of working in the nonprofit sector, we saw a need to provide accurate and timely information for nonprofits trying to budget, fundraise and benchmark performance,” said Rob Mitchell, CEO of Philanthromax and the former President of the American Cancer Society Foundation and Chief Development Officer for the American Cancer Society, Inc. “For the first time, nonprofits have access to accurate real-time giving information, a reliable forecast, and specific analysis about how current events are impacting giving in the United States. This is vital information for any organization that relies on charitable giving for a portion of its income.”
More hopeful news for U.S. Charities
From South Texas Money Management, an asset management and investment advisory firm with a great track record of being correct. Their Q2 letter to clients states:
“We have modified our outlook to a “square root” recovery for the economy. In other words, now out of recession, we expect a slow and deliberate growth pattern for the balance of the year. We are not forecasting a double dip in the economy (a return to recessionary conditions), and we are also highly confident that the broad stock market will not return to the levels seen in 2008 and 2009.
The stock market correction which has occurred during the past three months is reflecting this downshift in economic growth-a downshift exacerbated by the Gulf oil spill...
Some Good News for Charitable Giving
I read some good news from Fidelity Charitable Gift Fund, the third-largest charity in the United States. It’s not great news, but it does take some of the sting out of the continuing reports of economic malaise, suggestions of a double dip recession, and increased pressure on giving coming from new taxes in 2011. Reports like this can be encouraging.
Fidelity surveyed 503 financial advisors, whose median number of clients was 150 and whose median typical assets under management was $500,000. 87% of the advisors said they thought most of their clients would see a tax spike in the next 12 to 18 months. 26% of the advisors think their clients will increase charitable giving to blunt the pain...
Philanthromax: I had this EXACT experience once. http://bit.ly/a3i9mS
“Accurately measures and reliably forecasts charitable giving in the U.S. monthly, quarterly, and annually.”
- Prevents budgeting errors with reliable forecasting.
- Allows real-time evaluation of results and staff performance.
- Adjust spending and promotions to fit current market conditions.
- Respond immediately to national and world events.
Normative Analysis for Income Advancement
The PhilanthromaxTM Normative Analysis of Income Advancement (NAIA™) is the only product available that uses a proprietary analytical process to identify and quantify new income opportunities, maximize existing revenue streams and minimize associated costs.
What is often standing between your organization and a new revenue stream is the experience and expertise needed to capitalize on emerging opportunities. Philanthromax can help. Our customized blueprints will provide the framework and design to ensure that you are able to realize your potential.
CULTURE DIGEST: Wallis admits funding from Soros; wealthy urged to give it away
BP News
Stacy Palmer, editor of the Chronicle of Philanthropy, said the pledge could be a new status symbol. "It will be something that's very important to the ...
San Francisco Symphony, Opera galas how-to
San Francisco Chronicle
In past generations, society wives lacking career opportunities in a male-oriented business world took on philanthropic work - assisted by social ...
Food, drinks and philanthropy
Lincoln Journal Star
By the Lincoln Journal Star | Posted: Friday, September 3, 2010 2:21 pm | Loading… Aura Restaurant and Lounge is hosting a fundraiser for Friendship Home ...
Locals attend Delta Theta Tau national convention
Princeton Daily Clarion
A combined total from all chapters donated to philanthropic projects during the past year amounted to $758012.35. The members supported their communities ...
A Rosh Hashanah resolution for Labor Day: helping workers
Washington Post (blog)
In our philanthropy we commit ourselves to giving money through a prism of tzedakah, a way of giving rooted in the pursuit of justice. ...
Health Care Reform: Philanthropy's Educational Role
Huffington Post (blog)
More specifically, the report calls on philanthropists to fund efforts to explain the law in ways that people -- including grantees -- can understand, ...
A Jewish New Year: A New Approach to Philanthropy
Huffington Post (blog)
As we consider our role in the world, we must act as a united community, ready to challenge our traditional approaches to philanthropy. ...