How to do charitable giving better - Pacific Business News

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12/1/2016

How Hawaii nonprofits and donors can do charitable giving better ­ Pacific Business News

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From the Pacific Business News: http://www.bizjournals.com/pacific/news/2016/11/25/how-to-do-charitable-giving-better.html Cover Story

How to do charitable giving better Four areas where Hawaii’s nonprofits, and their donors in business, can get together.  SUBSCRIBER CONTENT: Nov 25, 2016, 5:00am HST

During the holidays, the act of giving is on many minds as groups gather to give thanks in November and gifts are exchanged between friends and family in December. But giving, as well as the act of asking for donated time and funds, is top of mind for nonprofit organizations, whatever the season. And the solicitation of funds is something businesses and wealthy donors experience on a daily basis. ISTOCK In the nonprofit world, navigating the flow of money from donors to organizations can be tricky. A Nov. 16 conference by the Association of Fundraising Professionals, Aloha Chapter, focused on the challenges and opportunities before both the

donor and non-profit communities. Insights from the conference, plus additional reporting, went into this guide to better charitable giving. Briefly, the top challenges include: a lack of communication and understanding from both sides can lead to repeated requests in one area and not enough funding in others; a shortage of legacy giving; redundancies among nonprofit requests; the tension over nonprofits’ need for unrestricted funds versus donors’ preferences for defined projects. Here, Pacific Business News looks into these challenges in greater detail and offers some takeaways for nonprofits and givers for smoother, more effective fundraising. Legacy giving In a study released last year, the Phoenix Global Wealth Monitor listed Hawaii as the state with the fourthhighest number of millionaires per capita. According to the report, 32,829 households in the Aloha State have investable assets of $1 million or more. The Hawaii Community Foundation has built an entire campaign around this statistic and is working to spread awareness around the impact that legacy giving can have on Hawaii’s community. According to a study conducted by SMS Research, commissioned by HCF, 21 percent of all high-net-worth households in Hawaii have committed to leaving a legacy gift to a nonprofit when they die, compared to the national average of 30 percent. http://www.bizjournals.com/pacific/news/2016/11/25/how­to­do­charitable­giving­better.html?s=print

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