Today’s Top News In The Nonprofit Industry
$1 Million Loan Fund Launched In California “The Nonprofits Insurance Alliance of California (NIAC) has started a small loan fund available for loans of up to $50,000 to its California members. The loans are secured only by the nonprofit’s assets. The organization has $1 million available for loans in the state.”
Millennial Giving and Volunteering Influenced By Peers“Competitions and incentives can motivate Millennial employees in particular and inspire short-term engagement but in the long run, managers must show employees how their donation or volunteer hours make a difference, according to the 2015 Millennial Impact Report released today.”
Donors Splurge: Giving Hits $358.3 Billion “Charitable giving in the United States was up 7.1 percent — 5.4 percent when adjusted for inflation – compared to 2013, with much of the sector returning to pre-recession levels sooner than originally projected. It’s the fifth consecutive year that giving has increased.”
High Net-Worth Donors Want To “Give Back” More than half of high net-worth (HNW) individuals consider “giving back to society” essential to a life well lived, and another one-third describe it as “important,” for a combined 86 percent.”
Sustainable Impact Becomes Investment Grade “Merrill Lynch has added sustainable impact multi-asset class portfolios to its platform of impact portfolios to serve clients interested in using their investment capital for positive social and environmental purposes.”
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(Source: Nonprofit Times)