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Category: "Searching FDO" (39 posts)

August 26, 2019

Tap into Donor-advised Funds with FDO

Expert fundraisers recognize that Donor-advised Funds are a growing source of funding for nonprofits. Between 2007 and 2016, assets in donor-advised funds nationwide skyrocketed from $32 billion to $85 billion[1].

You can now prospect research for DAFs easier in FDO. Follow these simple steps:

  1. Go to Organizational Type filter
  2. Expand Charitable gift funds (grantmaker)
  3. Select Donor-advised funds
image from image.send.foundationcenter.org
Open Additional Filter, go to Organization Type, select DAFs

 

đź’ˇExpert Tip: To ensure your organization is applicable for DAF funding, make sure to update your Nonprofit Profile on GuideStar and share basic financial information to earn a Silver Seal of Transparency. To get started, visit guidestar.org/update

 

 

[1] https://eyeonfdo.foundationcenter.org/2018/10/partners-in-philanthropy-how-to-work-with-donor-advised-funds.html

 

August 15, 2019

NEW FEATURE: Search for Grantmakers in a Specific Location

Good news! Searching for Grantmakers or Recipients in a specific location just got easier. Simply use the Organization Name filter AND Location filter together.

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This new upgrade will help streamline your prospect research.

💡Expert Tip: To ensure you don’t miss out on a potential funder, begin your prospect research by searching for all grantmakers supporting your mission. Simply use the global search bar.

October 08, 2018

Partners in Philanthropy: How to Work with Donor-Advised Funds

Last year, Giving USA’s Annual Report called donor-advised funds (DAFs) one of the “hottest topics in the philanthropic community.”1 Between 2007 and 2016, assets in donor-advised funds nationwide skyrocketed from $32 billion to $85 billion,2 and this trend continues today. Who uses DAFs? How can your nonprofit collaborate with DAF advisors to meet your goals? I explore these questions below.

WHAT IS A DONOR-ADVISED FUND?

A donor-advised fund is a giving tool that charitable individuals use to tax-effectively consolidate, accrue, and grant assets to public charities. You can think of it as an investment account dedicated solely to your charitable giving.

Donor-advised funds are managed by sponsoring organizations, which are themselves 501(c)(3) tax-exempt organizations. Sponsoring organizations generally fall into three categories: community foundations, single-issue organizations, or national organizations, such as Vanguard Charitable.

HOW DOES A DONOR-ADVISED FUND WORK?

  1. A donor contributes to a DAF and takes an immediate tax deduction. The charitable assets now legally belong to that DAF’s sponsoring organization. The donor, and other named individuals, often become a DAF advisor.
  2. The DAF advisor can recommend how the assets in the DAF are invested; proceeds grow tax-free.
  3. The DAF advisor can recommend grants to the nonprofits he or she wishes to support. The sponsoring organization will conduct due diligence and, if that research shows the organizations are eligible to receive tax-deductible contributions, issue the grants to the charities.

Note that specific policies vary by sponsoring organization—most donors weigh the different options before opening a DAF.

Donor-advised-funds-from-Vanguard

(Image credit: Vanguard Charitable)

WHY DO DONORS USE A DONOR-ADVISED FUND?

1. Convenience: Instead of having to personally track all their giving, advisors can use DAFs as a centralized hub to simplify their philanthropy. One contribution can fund multiple donations to an advisor’s favorite charity or charities.

2. Increased giving potential: Assets in a DAF are invested tax-free, enabling many advisors to grant much more to charity in the long run.

3. Flexibility: In the wake of crises such as last year’s hurricanes, DAF advisors can respond quickly. Charitable resources in a DAF are “primed” and ready for rapid disbursal.

4. New charitable assets: Most sponsoring organizations can accept donations of non-cash assets such as appreciated securities. These often-overlooked charitable assets pull additional resources into the philanthropic community.

WHO GIVES THROUGH DONOR-ADVISED FUNDS?

With nearly 1,000 sponsoring organizations and more than 280,000 individual DAFs,3 some with multiple advisors, it is hard to generalize about this diverse philanthropic population. A DAF advisor may be a retiree who opened a DAF so that he or she could continue giving after leaving work. Or, a DAF advisor may have found a private foundation to be too costly and burdensome, and opted for a cheaper giving tool with more flexibility. Many DAFs are advised by families who have pooled their charitable resources and view philanthropy as a communal endeavor.

The average DAF advisor in the United States has roughly $300,000 in his or her account,4 and nonprofits report that gifts from DAFs tend to be larger than their typical contributions. The average gift from a Vanguard Charitable advisor, for example, is nearly $12,000.

In removing the administrative burdens of charitable giving, DAFs allow their advisors to pursue a comprehensive, long-term strategy. For nonprofits, this means your donors with DAFs may well be repeat givers. At Vanguard Charitable, the vast majority of our advisors are involved in philanthropy beyond financial contributions. Ninety percent of our advisors also volunteer, serve on a board, or otherwise lend expertise, time, or resources.5

Anonymity is a concern for some nonprofits working with DAF advisors. However, only 5 percent of Vanguard Charitable grants are anonymous.6 The remaining 95 percent allow nonprofits to engage in some form of stewardship.

WHAT ARE DAF ADVISORS LOOKING FOR IN NONPROFITS?

Vanguard Charitable advisors often discuss the best way to identify charities doing meaningful work in their area of interest.

One way that you can distinguish your organization from similar ones is to provide comprehensive and up-to-date information to GuideStar. Vanguard Charitable is one of more than 200 sites and programs that share GuideStar Nonprofit Profile information with their users. DAF advisors appreciate transparency, as additional information enables them to make more informed, strategic decisions. Maintaining an updated GuideStar profile can pay dividends: As they research charities to support, Vanguard Charitable advisors make more than 15,000 searches each month via the GuideStar National Nonprofit Directory.

HOW TO MAXIMIZE YOUR RELATIONSHIP WITH DONOR-ADVISED FUNDS

Generally, nonprofits cannot solicit gifts directly from sponsoring organizations, but there are many ways you can strengthen your relationship with DAFs:7

  1. Actively promote your ability to accept grants from DAFs. Consider mentioning donor-advised funds on your website, in solicitation offers, and on promotional materials. You can also suggest that your donors with DAFs set up automatic recurring grants.
  2. Educate your entire organization about gifts from DAFs so that they can be processed smoothly. Remember: DAF advisors are interested in efficiency and convenience! For example, you should not send a tax receipt to DAF advisors, as they’ve already received one from the sponsoring organization, but you may send a thank-you letter to help stay connected.
  3. Steward sponsoring organizations. Don’t send them solicitation letters, but have a working knowledge of prominent sponsoring organizations. Feel free to send them an acknowledgment letter when you receive a gift.
  4. Be familiar with IRS rules concerning DAFs. Grants from a DAF cannot result in impermissible benefit to the DAF account advisors, their family members, or the donor to the DAF account. Grants must be made exclusively for charitable purposes. Vanguard Charitable includes language with each grant to help you understand how the funds can be used.

OUR DONORS ARE YOUR DONORS

I like to tell nonprofits to think of us as members of the same team. Our donors are your donors, and our mission is to increase philanthropy in the United States and maximize its impact over time. We cannot do this without you and your vital work. Together we can continue to help create a better world.

 

Rebecca Moffett is Vanguard Charitable’s Chief Strategic Planning Officer. Rebecca is focused on building awareness of the benefits of strategic philanthropy and is committed to improving donors' giving experiences. In her charitable endeavors, Rebecca is an alumnus of Big Brothers Big Sisters of South Eastern Pennsylvania and is also active in her church community. She earned her bachelor's degree and MBA from Saint Joseph's University.

Original post on Guidestar.

September 10, 2018

5 Ways to Seek Corporate Giving

Corporatefunders-blogCorporate companies support nonprofits in a variety of different ways, FDO offers a window into many of them. The following are some of the more common means by which companies give.

  1. Company-sponsored foundation â€“ A company-sponsored foundation is a separate entity from the corporation. Approaching a company foundation for a grant is just like applying to any other type of foundation. There are usually guidelines and an application process, and these details – as well as a giving history – can be found in FDO.
  2. In-kind gifts – Many companies prefer to donate their own products or services to nonprofits. Called “in-kind support,” this can be a good way for a nonprofit to start a relationship with a company. For example, if you run a soup kitchen, you might approach a food company or local supermarkets for supplies. To find companies that offer in-kind donations in FDO, find Transaction Type under Advanced Search & Filters, and select “in kind gifts.
  3. Corporate giving programs – A corporate giving program is administered by the company itself, often through a dedicated department such as Community Relations. Tracking down corporate giving programs can be challenging. When available, FDO will have contact information and guidelines about these types of programs, but seldom prior giving information
  4. Workplace giving – Workplace giving encompasses a number of different programs that encourage and facilitate employees’ donations of cash and/or volunteer time to nonprofits in their communities.

Tip: Find out where your volunteers and donors work to find employees that can act as your cheerleader.

Some of the more popular workplace giving programs offered by corporations are:

  • Employee Matching Gifts: Employers will sometimes match employees' charitable contributions.
  • Volunteer Support Programs: Employees who volunteer in their communities make their companies look good, and employers may offer what’s called “Dollars for Doers" – providing grants to nonprofits their employees support. Also, if you need volunteers, some companies will help organize groups of employees for various nonprofit projects.
  • Pro bono expertise: Some companies will “donate” their professional expertise.
  • Annual Giving Campaigns: Donations through Payroll Deductions can also be set up for employees who wish to effortlessly donate to a worthy cause. However, usually nonprofits must be affiliated with a “pass through” organization, like the United Way or the Combined Federal Campaign.

Utilize the Transaction Type filter under Advanced Search & Filters to search for grantmakers who support these types of Workplace giving.

5. Corporate sponsorship / Cause-related marketing – Both of these are advertising opportunities, and therefore must be entered into thoughtfully. It’s worthwhile to note,

donors could perceive a nonprofit as “selling out” to a company not seen as socially responsible.

Think like a marketer – what products or services do your donors or clients likely use, and what companies offer them? Also, don’t ignore small businesses in your community.

The key thing to keep in mind when approaching companies for any type of support is that they are profit-making enterprises and are looking for some kind of “return on investment” for their philanthropic dollars. Motivations for giving might include getting their name in front of potential customers, keeping their employees happy, or burnishing their reputation in their communities. Your job is to discover what they want and convince them that supporting you is a win-win for all involved.

 

Lori Guidry - Foundation Center San Francisco Lead

As City Lead for Foundation Center West, Lori oversees Foundation Center public services and programming for the social sector in the Bay Area — helping nonprofits in the region find the information and tools they need to be successful. She has worked in information services for more than 15 years, specializing in business and marketing topics, including corporate social responsibility. A native of Chicago, she earned her Masters in Library & Information Science from Dominican University in River Forest, IL.

August 16, 2018

Key Steps to Fundraising Success

 

 

Did you know 90% of foundations don’t have websites?

Foundation Directory Online gives you access to key information you need to win funding — find that funder today through FDO! You can search over 140,000 grantmakers and easily see how much support they give, based on your specific mission. Build stronger prospect lists through grant and peer funding insights to win that funding you need to succeed.

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FDO is everything you need in one fundraising tool. Subscribe to FDO today!

July 12, 2018

Improved FDO Organization Search: Delivering you better ways to find funding

Organization search just got even easier in new FDO. We listened to the valuable feedback of FDO subscribers and worked hard to redesign your search by organization experience. Our goal is to continuously evolve FDO to ensure we bring you the best grant prospecting tool available.

What’s new?

Use the Organization Name search box to look for a Foundation or peer Grant Recipient*.  When you enter an organization name, a full list of organizations will appear. This new layout is much easier to navigate, to ensure you can easily find organizations. You can now define if you want to see Grantmakers only or Recipients only, or both.  

To view a profile directly, click on the flyout icon in the top right hand corner. đź’ˇTip: You may also select multiple organizations and all will appear in your search results.

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We look forward to sharing other future FDO developments with you all. Happy fundraising!   

*Recipient profiles available in Professional subscription only

June 19, 2018

FDO Drives Innovation in Grants Prospect Research Using AI

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AI and machine learning are driving change every day to improve communities and solve crucial problems in sectors such as education and public health. AI powers everyday services like Facebook newsfeed or Netflix recommendations to personalize your experience. The ability to leverage data for insights is a prerequisite for keeping pace with rapid changes in the philanthropic sector so that nonprofits and donors can stay abreast and be better prepared to respond — and machine learning is just one way to achieve this.

AI and machine learning have been at the core of Foundation Directory Online (FDO) for the last several years. Foundation Center’s data scientist, David Hollander, took us through the implementation of AI and machine learning to make our fundraising research tool possible, and starter tips for nonprofits interested in the potential of AI and machine learning for their organization.  

Making FDO Possible

Machine learning powers the grantmaker, grant and recipient results you achieve through FDO every day. Machine learning has accelerated the process of coding grants based on Foundation Center’s expert Philanthropy Classification System. The algorithms in FDO are constantly trained and improved to achieve better results. This is how FDO is able to match user queries to their most likely funders. It also enables FDO to gather deeper insights and provide grant data analytics for prospect research. FDO handles vast amounts of data that is parsed and analyzed using AI and machine learning. Powered by our data team’s expertise and supported with machine learning, we are now able to deliver more grant data and insights than ever before.

Every year Foundation Center codes a record number of grants for FDO facilitated by AI and machine learning. The more data that is fed into FDO, the more the algorithm trains and improves – and with a record number of grants being coded, the faster FDO learns and improves, empowering FDO users with the most comprehensive data and insights needed to find funding.

Interested in AI and Machine Learning for Your Organization?

If your organization is new to AI and machine learning, there are several considerations to make before embarking on implementation, including figuring out your data storage, cleaning your data and data integrations. David suggests to first: identify the problem you are trying to solve with machine learning, and second: identify the data you need to solve it. While the applications for machine learning are endless, there are also inherent challenges to overcome. The quality of your data and data bias, how heavily certain data is weighted, influence the algorithm’s results. Algorithm bias can be minimized with better sampling of data and balancing the weight given to specific data. These are just some of the areas to take into consideration. With your organization’s objectives in hand and procuring the relevant, quality data, your data scientists can understand which machine learning models your organization’s data will need to achieve your goals.

May 17, 2018

Three Easy Steps To Identify New Funding Prospects  

Blogpost-FindFundingWith so many potential funders out there, grant research can be a daunting task. But with a few simple tricks, grant research can produce amazing results pretty quickly. First off, there is a wealth of information to be found in Foundation Directory Online. Let’s look at a few ways to use this tool to find great new prospects for your current needs. The first step to successful grant research is knowing what you are looking for.

Start with a list of the things you need, how much they will cost, and when you need them in hand. Here at Funding For Good, we use our needs list in conjunction to help us determine all the answers needed to be effective in our research. 

Once you have all the prep work done, you are ready to jump online.

Let’s take a look at three easy ways to identify new funding prospects you may not have thought of or didn’t know how to search for previously.

  1. Search for foundations that have funded similar organizations in the past. In order to conduct this search, you first need to know the nonprofit organizations who do similar work, their official names, and where they are located.

Once you have the basic information, hop on Foundation Directory Online and click the upper right link in the search box that says Advanced Search. Once this box opens, you will see a box in the lower left corner that says Organization Name. In this box, you can type the organization name and choose the one you want to investigate. The search results will show you all the foundations who have funded  the organization in the past, the year of funding, the amount funded, the description of what the project funded, etc.

  1. Search for foundations that have funded YOUR organization in the past. Here’s a crazy idea that many people new to an organization or new to the world of nonprofits never think about: Who has funded us in the past? Many organizations don’t have stellar records about foundations that have given them grants previously, what the money was used for, or how much was granted. Crazy, but true! Refer to #1 and run that search on your own organization. See who has given to you in the past. Has a foundation that has an interest in your work been neglected? Perhaps you need to revisit some past supporters and get them back in the fold.
  1. Search for foundations by Geographic Focus. Do you know all of the foundations that provide funding in your county, in surrounding counties, or in your region? Would you like to? I know I love using that information when I’m researching prospects for a specific area. It’s easy peasy with Foundation Directory Online. Simply go to the Advanced Search link and type in the county and state in the Geographic Focus box (top row, center box). You’ll see the list of all foundations that award grants in that county appear. Now you can research all the foundations that send funding to a geographic area and see who might support your work. Do this for each region in your service area or where you have an impact. You might be surprised at some of the prospects you uncover.

Two additional tidbits to keep in mind.

Tidbit #1: Don’t limit yourself to super specific Subject Areas in your search. Many foundations will give to a variety of organizations, so using more general terms will lend to better results.

Tidbit #2: Don’t freak out when you see “We only fund pre-selected charitable organizations” or “We don’t accept unsolicited proposals.” To learn more about these two phrases and what they really mean, check out this blog: The Dreaded Phrases of Grant Research.

MANDY PEARCE is a grant writing expert, executive coach, and national fundraising trainer who launched Funding for Good, Inc. in 2009 to equip organizations with the skills and tools needed to become successful and sustainable. Mandy has taken her passion and expertise for fundraising to the development field and shared it with individuals and organizations for over 21 years. Her dynamic teaching style brings thousands of people annually to her presentations at conventions, trainings, and workshops. Mandy lives in Hickory, NC with her husband and their rescue dogs, Leo and Dalli, who share her enthusiasm for the outdoors.

April 13, 2018

Introducing FDO’s Newest Feature: Recipient Profile Charts

 

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We’re excited to announce a new powerful feature in FDO is here: Interactive charts on recipient profiles.  

New Recipient Charts provide insights you can leverage in your research and when you’re searching for new funding opportunities.

But how do Recipient Profiles help your funding search?

Utilize Recipient Profiles to:

  1. Discover new funding opportunities
  2. Shape your prospecting strategy
  3. Quickly gain fundraising insights

What you can do with New Recipient Charts

With Recipient Charts you can quickly see grantseeking trends and organizational insights to help guide your prospecting, find new prospects and better understand how to approach potential funders. The first Recipient Chart gives you insights on the types of funders giving to an organization and the percentage of total funding each type of funder makes up of the organization’s grant portfolio.

The second chart shows the proximity of funders to the recipient they are giving to, giving you insight on how you can expand your prospect list. Proximity is indicated by the following geographic areas:

  • Local: Funders who are located within the same city or town as the recipient
  • State: Funders who are located within the same state as the recipient
  • Region: Funders who are located in states with a shared border as the recipient
  • Country: Funders who are located in the same country as the recipient
  • International: Funders who are not located within the same country as the recipient

With this funder proximity chart, you see how much money is being awarded from each of these geographic areas and the percentage of total funding each geographic area makes up.

These first two Recipient Charts can be viewed by Grant Amounts or Number of Grants.

The third graph will help guide you on the optimal amount to request from a funder. With this grant size graph, you can understand how much funders are giving to peers and the size of those grants to see how much those funders most commonly give.

New Recipient Charts are available in the new FDO, Professional.

Start uncovering new opportunities with Recipient Charts»

 

Join us for a live webinar on May 1st (2:00PM EST), where we’ll introduce new Recipient Charts, discuss Recipient Profiles, and provide a tour of the new FDO. 

November 21, 2017

The New FDO is here!

We are thrilled to bring you the new Foundation Directory Online! We have introduced powerful enhancements and features designed to make the process of finding the right funders and conducting research seamless. The new FDO provides…

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New and Improved Grantmaker Searching

FDO now features a global search bar and integrated results page to address all your prospecting needs.  One search bar allows you to simply enter a phrase describing your work.  When you enter a phrase that describes what you’re looking for, or search by Advanced Search & Filters fields, you’ll now receive the full range of data on grantmakers, grants, recipients, and 990s in one results page.  One results page allows you to efficiently compare grantmakers, grants and recipients before you dive deeper in evaluating funders, so you can hit the ground running in building strong prospect lists.

Funding insights relevant to your mission

With a growing source of grantmakers, grant and recipient data, you can now get results, trend insights and funding summaries tailored to your field of work based on your search criteria.

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Understand the funding landscape

For the first time, see how much funders are giving to your cause based on your search criteria with Amount Funded in your grantmaker search results.

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More data and insights with interactive charts and maps to quickly understand funders’ priorities

Enhanced visualizations provide context to your funding search and allow you to see prospective funders’ giving trends and their suitability to your funding needs. Here you’ll be able to gather key insights on how to approach funders, like how much to ask for from specific funders.

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Built-in LinkedIn integration to help you unlock prospect networks

FDO provides lists of key decision makers and their affiliations.  Turn insights into action: see who can make an introduction to prospects with FDO’s LinkedIn integration. 

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Stay on top of opportunities: Past funders and Other funders to consider

Never miss a funding opportunity, past or present.  FDO further personalizes your prospect research by identifying when a grantmaker has previously funded your organization, so you can rekindle support from organizations who believe in your work. 

Explore other potential funders available within each grantmaker profile— these are grantmakers with similar giving patterns to your search that you might not have otherwise evaluated.

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Peer recipient profiles to discover new prospects

Peer recipient profiles can give you ideas on new grantmakers to explore and insights on the funding mix of organizations like yours that can help you shape your funding strategy.

Mobile-friendly for when you’re on-the-go

FDO is also mobile-friendly, so you can keep track of your prospects anytime, anywhere. 

 

These are just some of the powerful features you’ll experience and that we will continue to improve upon.  The new FDO delivers increased speed and ease to build your prospect funder pipeline, grow your connections to funders, and gather the grantmaker and grant insights you need to successfully identify and approach funders that are a good match with efficiency and agility.  

As the FDO team continues to bring you the highest quality prospect research experience, we look forward to you getting the most out of these new features and enhancements! 

 

Experience the New FDO→