Using the Whole Whale - A Nonprofit Podcast
Business:Non-Profit
NonprofitNewsfeed.com
**This Week's Highlights: Tax Deductions and Corporate Philanthropy Shifts**
Welcome back to the Nonprofit News Feed with your hosts, George Weiner, Chief Whaler of Whole Whale, and Digital Strategist Nick Azulay. This week, we dive into the misconceptions surrounding charitable donations and tax deductions, and explore the evolving landscape of corporate philanthropy.
**Myth-Busting Tax Deductions in Charitable Giving**
Despite popular belief, the majority of donors do not make charitable contributions solely for tax benefits. With most people opting for the standard deduction over itemizing their taxes, the tax incentive for charitable giving is not as significant as presumed. Research indicates that charitable giving is more influenced by economic growth and personal income levels rather than tax deductions. This revelation prompts a reevaluation of how nonprofits emphasize tax benefits in their fundraising appeals, suggesting a pivot towards showcasing impact and building donor trust instead.
**Corporate Philanthropy Undergoes Transformation**
In a notable shift, major Minnesota companies like 3M, General Mills, and Thrivent are moving their philanthropic efforts in-house, away from separate charitable foundations. This transition raises concerns among nonprofit leaders about potential declines in funding and reduced transparency, as internal company-controlled organizations are not obligated to disclose as much information as traditional foundations. Despite assurances from these corporations about their ongoing commitment to community support, the move signals a broader trend in corporate social responsibility focusing on sustainability, diversity, and employee volunteerism.
**Insights and Implications**
These discussions underscore the importance of transparency and the true motivators behind charitable giving. For nonprofits, the emphasis should be on the tangible impact of donations rather than tax benefits. Meanwhile, the corporate sector's pivot towards in-house philanthropy invites a closer examination of how these changes will affect the future of nonprofit funding and accountability.
**Final Thoughts**
As we navigate these evolving narratives in the nonprofit sector, it's crucial to stay informed and adaptable. Whether debunking myths about tax deductions or understanding the implications of new corporate philanthropy models, the goal remains to foster a more transparent, impactful, and responsive nonprofit ecosystem.
Using Food Entrepreneurship to Feed Careers | Hot Bread Kitchen
MLK Day Celebrated by Nonprofits & Santos’ Charity Questions (news)
Thousands of NYC Nurses Go On Strike As Hospital & Union Talks Fall Apart (news)
Mastodon Embraces Nonprofit Status (news)
Where Did MacKenzie’s Billions Get Donated? (news)
Helping 40,000 Young Entrepreneurs | Sky’s The Limit
CVS CSR Needs a Health Check (news)
#GivingTuesday Predictions: Search Is Down, Hope Is Up (news)
Controversy in Qatar & Giving Tuesday is Coming (news)
Maximizing Corporate Event Fundraising | Move for Hunger
FTX Collapse & Effective Altruism (news)
The Power Law of Large Donors | Causevox
Crypto DAFs are 3X MORE Generous that Traditional DAFs | Endaoment.org
Greenpeace: ”Recycling is Futile” (news)
Voter Engagement Can’t Be One-and-Done | Voter Empowerment Project
Terrifying Twitter Trends - Nonprofits React (news)
Girl Scouts Get $85 Million Historical Donation (news)
“Big Lie” Affiliated Nonprofits Scrutinized By FBI (news)
10th Annual Giving Tuesday: Predictions & Strategies | Big Duck
Marijuana Win For Social Justice (news)
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Advocacy Scoop Podcast
Social Dallas Podcast
Change Church Podcast
Six Degrees with Kevin Bacon
Nonprofits Are Messy: Lessons in Leadership | Fundraising | Board Development | Communications