As of January 2024, 56% of the largest U.S. charities now accept cryptocurrency donations. According to The Giving Block, a crypto-giving platform for charities, more than $2 billion in crypto has been donated to nonprofits since 2018. Is it the future of giving?
Read More(ANALYSIS) Among high income folks, the ones who are the most generous are those living in two places — the South and the Mountain West. Arkansas has the highest rate of charitable giving at 6.7% of adjusted gross income. Utah is right behind at 5.8%. There are several other states that are north of 3%, though. They include: Georgia, Tennessee, Mississippi, Alabama, Oklahoma, Wyoming, Idaho, and Washington state and Washington, D.C.
Read More(ANALYSIS) Three men have filed a lawsuit against the Church of Jesus Christ of Latter-day Saints – also known as the LDS or Mormon church – and its investment arm, Ensign Peak Advisors, Inc. The men, at least one of whom remains an active member of the church, according to the lawsuit, allege that the church had fraudulently induced them into making donations.
Read MoreGenerosity towards religious organizations grew slightly between 2021 and 2022, despite total U.S. charitable giving declining after two record years.
Read MoreBloomberg’s bottom line: “A small but growing number of wealthy Americans (have) discovered how to bypass rules designed more than a half-century ago to ensure philanthropists stay accountable for the billions of dollars in tax breaks they receive each year.”
Read MoreNFTs. Online gaming. Cryptocurrency. Compassion International is exploring these and other innovations as it connects with new supporters and prepares itself for Web 3.0, the Metaverse, and beyond. With fewer Americans donating to charity, the 70-year-old, $1 billion ministry is working to find new ways to engage younger believers.
Read MorePolitical partisanship is a powerful dividing line, but a new survey shows widespread agreement on the need for changes in how quickly charitable foundations and donor advised funds put donations to work.
Read MoreResearch shows charitable donors prefer to give their time over money — even when it does less good for the cause — because they perceive it gives them more control over where their donation goes. But nonprofits, although they need both donors’ time and money to succeed, feel that financial gifts have the most impact.
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