AXIS (AXIS Capital)’s Post

According to the 2023 Giving USA Report, the IRS registered 49,299 new NPO's for charitable purposes. That's 948 per week. What are you doing to distinguish your mission in light of the increasing competition for philanthropic gifts? #MortarStone #Clarity

Thanks IRS...   The Chronicle of Philanthropy reports: "In a potentially widespread error, the Internal Revenue Service has apparently transmitted tax return data for nonprofits that misreports organizations' finances for 2022 -- a glitch that could pose a barrier for charities seeking to secure donations or government grants."   As we all know, these listings are relied upon by donors and other investors to assess a nonprofit's financial health before making a grant or gift.    At this point, it's not clear how many non-profits are affected but it may be worth checking your organization's listing on Candid and ProPublica for errors. Candid appears to be working quickly to correct errors.   ‘Dodgy’ Data Dump From IRS Causes Headaches for Nonprofits (philanthropy.com)    

We speak with so many who were excited to create a Donor Advised Fund (DAF) but then find themselves asking “What do I do next?” Recognizing this need, we are in the process of creating a special collection of resources for individuals, families, and wealth advisors interested in learning how to maximize the impact (and meaning) of their DAF gifts. Sound useful? If you would like to learn more about these special Donor Advised Fund resources — or want to stay current on all things Untraditional Philanthropy, sign up for our quarterly newsletter through this link (https://lnkd.in/evyYvY8c). The untraditional thing here is that we will only email you once a quarter. #donor #advised #fund #daf #donoradvisedfund #philanthropy #untraditional #untraditionalphilanthropy #giving #forwardthinking #philanthropicgiving #charitablegiving #donation #trustbasedphilanthropy #familyphilanthropy #trust #philanthropymatters

Some light Friday reading! Have you read the 72-page National Study on DAFs by the DAF Research Collaborative? Here are a few things I found interesting: 1) Nearly all DAFs had a succession plan (92%) 2) There's a section specifically dedicated to institutional DAFs which made up only 3% of DAF accounts in the study. I anticipate this number has significantly increased over 2023-2024. 3) This report used the following formula to calculate payout: Grants ÷ (Beginning of Year Assets + Contributions) = Payout Rate Unlike Candid's payout rate calculator which uses the following: Grants ÷ Previous Year’s Charitable Assets = Payout Rate (results in a higher payout rate) https://lnkd.in/gQdcXC-r #DAFs #DAFRC #DonorAdvisedFunds

San Diego Fundraising Colleagues: Here is a great resource to better understand gifts of real estate and their impact on your organization. While handling these gifts is complex, we at San Diego Foundation have in-house expertise and external advisors to support you in these gift vehicles. We have creative ways to structure these gifts for you and your donors, such as donating real estate to create a charitable gift annuity. It's an excellent strategy for some donors!   Learn more about the process and the significant philanthropic impact it can have here: https://bit.ly/3T40GGr    #RealEstate #CharitableGiving

Maximize Your Donations: Deductions Up to 100% Explained Discover how to maximize your charitable donations and potentially deduct up to 100% of your AGI. We explore the complexities of private foundations and trusts, revealing strategies the elite use to lower their tax burden. Stay tuned for expert insights! #CharitableGiving #TaxDeductions #FinancialPlanning #PrivateFoundations #WealthManagement #TaxStrategy #Philanthropy #FinancialLiteracy #DonorAdvisedFunds #TrustsAndEstates

Maximize Your Donations: Deductions Up to 100% Explained Discover how to maximize your charitable donations and potentially deduct up to 100% of your AGI. We explore the complexities of private foundations and trusts, revealing strategies the elite use to lower their tax burden. Stay tuned for expert insights! #CharitableGiving #TaxDeductions #FinancialPlanning #PrivateFoundations #WealthManagement #TaxStrategy #Philanthropy #FinancialLiteracy #DonorAdvisedFunds #TrustsAndEstates

Data has shown that DAF's are a midrange philanthropic vehicle, supporting donations larger than that of the average household, but smaller than those of private foundations. According to a recent study by the Dorothy A. Johnson Center for Philanthropy, data shows: 38% of recent DAF contributions are between $10,000 - $49,999,  15% of DAF contributions are between $50,000 - $99,999, and  19% of FAF contributions are between $100,000 - $499,999. If you're wondering if a DAF is right for you, or if you already have a DAF and want to develop your own personalized giving plan, drop us a line. If you want to learn more about our resources for donors, sign up for our newsletter here: https://lnkd.in/evyYvY8c. The untraditional thing is that we will only email you once a quarter. #donor #advised #fund #DAF #DAFs #halfmyDAF #flexibility #financialwisdom #givingvehicle #untraditional #philanthropy #donoradvisedfund #donoradvisedfunds #plannedgiving #strategicphilanthropy #philanthropicgiving

Dive into the latest insights from the FreeWill #DonorAdvisedFund Report, featuring insights from Renaissance Charitable Foundation. Explore how DAFs are enhancing philanthropic efforts nationwide. Full report here: https://bit.ly/3Wf8tmE #Philanthropy

Maximize Your Donations: Deductions Up to 100% Explained Discover how to maximize your charitable donations and potentially deduct up to 100% of your AGI. We explore the complexities of private foundations and trusts, revealing strategies the elite use to lower their tax burden. Stay tuned for expert insights! #CharitableGiving #TaxDeductions #FinancialPlanning #PrivateFoundations #WealthManagement #TaxStrategy #Philanthropy #FinancialLiteracy #DonorAdvisedFunds #TrustsAndEstates