GoFundMe Charity to shut down
GoFundMe Charity, the fundraising-dedicated website launched in November 2019, is now scheduled to shut down on September 30, 2021, when it will merge with GoFundMe.com. The last day to start a new fundraising campaign on the platform is June 30, 2021. Nonprofits have through December 31, 2021, to view and export their donor and fundraiser data and content such as campaign images and stories.
Recurring gifts will be canceled after September 30, and campaigns won’t automatically transfer to GoFundMe.com. Organizations will need to recreate any ongoing fundraising campaigns to continue raising money on GoFundMe.com. Like the free pricing model on GoFundMe Charity, GoFundMe.com offers a 0% platform fee (plus a 2.9% transaction fee and $0.30 per donation), making it free for charities to start fundraisers.
What nonprofit employees say about cost-cutting and other measures
The 2020 Eagle Hill Consulting Nonprofit Survey, conducted by Ipsos, finds that 58% of more than 500 nonprofit employees polled say that their employer cut costs last year. And they predict similar changes in 2021, including program reductions (32%), hiring freezes (32%), salary reductions (23%), layoffs (20%) and furloughs (17%).
Most employees (54%) report that nonprofit leaders have implemented significant changes to their organizations’ goals and activities, and 82% say their organization has altered how it serves its constituents in response to COVID-19. Nearly 90% report that their nonprofit has changed how employees work due to the pandemic (for example, remote work). In addition, 58% say their organizations have increased their focus on diversity, equity and inclusion in the workplace.
DAF giving continues to surge
Donor-advised funds (DAFs) are posting impressive numbers when it comes to charitable giving, suggesting nonprofits would be wise to actively pursue such donations. For example, Schwab Charitable, one of the largest DAFs, recently announced a jump of 35% in dollars granted ($3.7 billion) and 39% in the number of grants (830,000) in 2020, compared with 2019. The most popular organizations among Schwab donors were Feeding America, Doctors Without Borders and the Salvation Army.
A survey conducted by the National Philanthropic Trust found that that DAF grants to charitable organizations increased 29.8% by dollar value in the first six months of 2020, compared to the same months in 2019 — from $6.41 billion in 2019 to $8.32 billion. The total number of DAF grants increased by 37.4%, from 945,044 grants in the first half of 2019 to nearly 1.3 million in the first six months of 2020.
Information provided on this web site “Site” by Thompson Greenspon is intended for reference only. The information contained herein is designed solely to provide guidance to the user, and is not intended to be a substitute for the user seeking personalized professional advice based on specific factual situations. This Site may contain references to certain laws and regulations which may change over time and should be interpreted only in light of particular circumstances. As such, information on this Site does NOT constitute professional accounting, tax or legal advice and should not be interpreted as such.
Although Thompson Greenspon has made every reasonable effort to ensure that the information provided is accurate, Thompson Greenspon, and its shareholders, managers and staff, make no warranties, expressed or implied, on the information provided on this Site, or about any other website which you may access through this Site. The user accepts the information as is and assumes all responsibility for the use of such information. Thompson Greenspon also does not warrant that this Site, various services provided through this Site, and any information, software or other material downloaded from this Site, will be uninterrupted, error-free, omission-free or free of viruses or other harmful components.
Information contained on this Site is protected by copyright and may not be reproduced in any form without the expressed, written consent of Thompson Greenspon. All rights are reserved.
Ready to talk to one of our specialists?
Our specialists are all seasoned professionals who have years of experience working within your industry. Reach out to us today to schedule a consultation.