The federal funding freeze takes effect today. We are deeply aware of the challenges posed by the Office of Management and Budget’s (OMB) decision to pause federal fund disbursements, effective today (1/28) at 5:00 p.m. ET. This action could delay access to critical funding for programs like TRIO, which students and families rely on. At Innovative Educators, we stand in solidarity with our colleagues navigating this uncertainty. If there’s any way we can support you—whether through resources or simply a listening ear—please don’t hesitate to reach out. Together, we can continue our mission to ensure that students and families receive the support they deserve. #Education #StudentSupport #FundingFreeze
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Regardless if the funding freeze stands, if you receive government funding, this is for you. I won't lecture you on why government funding is not sustainable; you already knew you needed to diversify. So, what should you do immediately? This is what I would do today: 1. Have my Executive Director immediately communicate with my donors, major donors via calls, and the grander donor list via email. Don't overcomplicate it - it just needs to be a short note outlining the potential financial impact and the steps you are taking to ensure the continuation of your programs. Short and personal. Not extensive. Timing is very important here; your donors are wondering what this means for you and their investment in you (AND HOW THEY CAN HELP). 2. Start an internal discussion on starting an emergency fund, similar to COVID, in case you need to launch an emergency fundraising round. I'm here to chat and am taking calls with those who want to discuss immediate and mid-term strategy. Hang in there. #philanthropy https://lnkd.in/duTmHWQU
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UPDATE: I’m glad to see this action rescinded. I hope this has helped a lot of people reflect on all of the critical activities in our community that are supported by federal dollars. ****************** This isn’t so much a political view as a public administrator’s view. It’s distressing to see the new administration holding up federal grants. Everything the government does is grant funded - education, nutrition assistance, housing, health initiatives, research, the list goes on. As the federal infrastructure began to do less direct work in the 90’s “Reinventing Government” era, they turned to nonprofits to carry out these programs through grants. These dollars fund social workers’ and teachers’ jobs, support vital veins of our economy, and save lives. Even if it’s a quick review, some agencies doing the hardest work can’t afford to miss two weeks of payments without cutting back services or personnel. I hope that Congress will act quickly to ensure these dollars continue to flow to the nonprofits that keep our communities strong.
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🔍 Dive into our first Commonfund Convenes discussion with institutionally-related foundations (IRFs) on administrative fees! Learn key insights on fee considerations, variations across institutions, fee structures by endowment size, and more. #CommonfundConvenes #IRFs https://hubs.ly/Q02M40dW0
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Need to save for a child or grandchild’s education? 529 plans are a great, tax-advantaged way to do it. Find out how to fund one, what it can be used for, how to make withdrawals, how to manage leftover funds and much more in this informative article. https://lnkd.in/gUym3gn7
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Need to save for a child or grandchild’s education? 529 plans are a great, tax-advantaged way to do it. Find out how to fund one, what it can be used for, how to make withdrawals, how to manage leftover funds and much more in this informative article. https://lnkd.in/gUym3gn7
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🔍 Dive into our first Commonfund Convenes discussion with institutionally-related foundations (IRFs) on administrative fees! Learn key insights on fee considerations, variations across institutions, fee structures by endowment size, and more. #CommonfundConvenes #IRFs https://hubs.ly/Q02M40q60
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With the school year back in full force, now is the perfect time to put some thought into your RESP. Setting funds aside for your child's education can go a long way and has many tax benefits. If you haven't made a contribution yet or haven't established an RESP as of now, let's talk about getting started and saving money today. Did you know... You can pick up unused government grants from previous years? #BacktoSchool #bestrongateverystage #savings #goals #finance
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🔍 Dive into our first Commonfund Convenes discussion with institutionally-related foundations (IRFs) on administrative fees! Learn key insights on fee considerations, variations across institutions, fee structures by endowment size, and more. #CommonfundConvenes #IRFs https://hubs.ly/Q02M40r20
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As kids grow up, back-to-school season is a great reminder that college is just around the corner. It's the perfect time to chat with your clients about their 529 savings plans. It's important to remind clients that plans can change significantly from elementary school to middle school to high school. Regular discussions about staying on track and even increasing contributions can help ensure their education savings goals are met. It's key to discuss plans for beneficiaries, knowing what are qualified expenses, and how unused funds can be rolled into a Roth IRA tax-free and penalty-free. See how to start the conversation with your clients today -> https://1blk.co/4dkFq63 #savings #education #529 For Professional Investors Only
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First Financial Foundation’s 5th annual grant campaign will run from May 1-31. The Foundation was created to support programs and organizations that enhance and develop the communities that we serve. To view eligibility and additional details about First Financial’s funding priorities, visit https://bit.ly/49YiGHe. #bankatfirst #firstfinancialfoundation #community #communitygrant ---- First Financial Bank. Member FDIC. This grant campaign will consist of $400,000 in total awards. Funds will be divided in accordance with market share and all applications will be reviewed. Incomplete applications, prior year grant awardees who do not have an impact report completed by May 31 for prior year grant awards, and/or those applications that do not meet the Foundation’s funding priorities will be declined. Consideration of approval is based on organization’s eligibility, prior year funding history, complete grant application (including required documentation & request being no more than the $20,000 maximum), and being within the Bank’s budget. Grant selections will be communicated the week of July 29, 2024.
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