Study: Donor-Advised Funds Give Lifeline to Nonprofits During Recessions

When the next recession hits, donor-advised funds are expected to help cushion the blow for nonprofits, even as other revenue sources decline, a new study finds.

The study — conducted by Dan Heist, a professor at the University of Pennsylvania, and Danielle Vance-McMullen, an assistant professor at the University of Memphis — used Internal Revenue Service data from 2007 to 2016 to analyze the grant making activity of donors who have funds at 996 donor-advised-fund sponsors.

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Peter Panepento
Community Foundations Help Workers Displaced by Federal Shutdown

As the partial shutdown of the federal government enters its second month, a growing number of U.S. community foundations are stepping up to provide funding and other support to impacted workers and nonprofits.

In Washington, D.C., the shutdown is affecting an estimated 285,000 federal government and contract workers. In turn, it is wreaking havoc on the region’s economy and putting a huge strain on nonprofits that provide help with food and shelter, utilities, and social services.

As the need has grown, the Greater Washington Community Foundation has started setting aside and raising money to help nonprofits address the most critical needs.

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CF in ActionPeter Panepento
How Community Foundations Can Spur Community Development Through Opportunity Zones

The federal Opportunity Zone tax incentive program is designed to spur economic development and job creation in underserved communities across the United States by providing significant tax benefits to investors.

A new white paper by the Community Foundation Public Awareness Initiative explores the vital role community foundations can play in leveraging opportunity zones as a tool in their communities.

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Peter Panepento
A Decade-Long Journey to Transform Rural Libraries in Georgia

When Steve Kendall was growing up, the highlight of his week was the family trip to the local library. At an early age, his parents taught him that knowledge was power, easily found in the pages of books. He and his wife, Laraine, attribute much of their success to their lifelong love of reading.

Intrigued by research showing better outcomes for children who were able to read on grade level by third grade, they wondered what rural libraries could accomplish if they were empowered with focused funding to get children excited about reading.

That shared love of reading led the Kendalls to start the Georgia Rural Library Initiative (GRLI), a decade-long series of investments in rural county libraries in partnership with the Community Foundation for Greater Atlanta.

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Wisconsin Foundation Inherits a Cheese Factory, Creates a Legacy

Marilynn Taylor of New London, Wis., was president of Wohlt Creamery LLC, a manufacturer of processed cheeses and one of the city’s 10 largest employers.

She died Feb. 25, 2017, at age 71, leaving her entire business, including the building, equipment, 60 employees and a lot of cheese, in the care of her estate representative and the Community Foundation for the Fox Valley Region. 

The Community Foundation found a buyer for the business, and kept all workers employed — ensuring that it remained a stable employer.

What’s more, the sale of the cheese processing business and manufacturing facility will net the Community Foundation about $5.8 million. In addition, the foundation received additional assets from Taylor totaling about $2.5 million.

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