Latest Nonprofit business and finance News

Nonprofits strain to support voters in Georgia Senate race

Dec. 02, 2022 14:30 PM EST

When the closely watched Georgia Senate race went to a runoff, nonprofit organizations that educate voters strained to ramp up operations again after Election Day. “It’s not just, ‘Find new canvassers and recruit new volunteers.’ It’s also, ‘Find new money,’” said...

Fidelity Charitable: New grants to surpass deposits in 2022

Nov. 29, 2022 06:07 AM EST

Fidelity Charitable, the nation’s largest grantmaker, expects 2022 will be the first year since 2018 that the value of grants from its donor advised funds exceeds the value of investments going into the funds. Jacob Pruitt, Fidelity Charitable’s president, told The Associated...

Fidelity Charitable launches NFT raffle amid crypto downturn

Nov. 28, 2022 15:42 PM EST

NEW YORK (AP) — Fidelity Charitable is getting into NFTs, the digital images that are registered on the blockchain, despite a torrent of bad news from the adjacent world of cryptocurrencies. The nation's largest grantmaker is sponsoring a raffle that ends Tuesday, where...

Sustainability group pulls lobster certification over whales

Nov. 16, 2022 15:53 PM EST

PORTLAND, Maine (AP) — An international nonprofit organization that sets sustainability standards for commercial fishing management has suspended a certification it awarded Maine's lobster industry over concerns about harm to whales. Representatives for Marine Stewardship Council,...

FTX bankruptcy also endangers founder's philanthropic gifts

Nov. 14, 2022 14:12 PM EST

NEW YORK (AP) — The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement. The FTX Foundation -- and other...

Rayze app lands investment to connect volunteers, nonprofits

Nov. 14, 2022 13:58 PM EST

Tampa Bay Buccaneers linebacker Carl Nassib dreamed of a different kind of social media app for years — one that celebrates positivity and community. With Rayze, a new app that links people to each other and to nonprofits that appeal to their interests or are based where they live,...