Nonprofit Sues Bankrupt Corporate Donor to Obtain Pledged Donation | Non Profit News For Nonprofit Organizations | Nonprofit Quarterly

Nonprofit Sues Bankrupt Corporate Donor to Obtain Pledged Donation | Non Profit News For Nonprofit Organizations | Nonprofit Quarterly: "Erica Mackie, GRID Alternatives’ CEO, says that the SunEdison Foundation made a two-year pledge totaling $5 million in February 2015 of cash and in-kind solar module donations, that GRID Alternatives has only received around $3 million, and SunEdison did not meet its two most recent donation deadlines.

“GRID is filing this claim to request that the remainder of the commitment is fulfilled, so that we can continue to serve our communities with these important initiatives,” says Mackie, who is nonetheless also quick to express gratitude to the company:"



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To Sue or Not to Sue Over Unpaid Pledges? | Michael Rosen Says…

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To Sue or Not to Sue Over Unpaid Pledges? | Michael Rosen Says…: To Sue or Not to Sue Over Unpaid Pledges?

Sometimes, nonprofit organizations sue philanthropists over unpaid pledges. This was recently the case with the Kansas City Art Institute. When a charity pursues this type of legal action, it sends shockwaves throughout the nonprofit and philanthropic sectors.

I do believe there are times when a nonprofit can and should sue a donor. However, this should only be done as an absolute last resort. The three instances when a lawsuit might be acceptable are:

Flexibility key for gift pledges in tough times � Philanthropy North Carolina

Flexibility key for gift pledges in tough times � Philanthropy North Carolina: Many gifts pledged to charities are falling short of what donors intended and charities expected as economic woes continue to change the conditions under which the gifts were made.

So donors and charities, often with the assistance of their lawyers or other intermediaries, increasingly are finding themselves negotiating over how to resolve their gift agreements.

GT | Newsroom - Georgia Tech Posts Near Record Philanthropy

GT | Newsroom - Georgia Tech Posts Near Record Philanthropy: The Georgia Institute of Technology posted the second best year-to-year philanthropy results in the Institute’s history for the fiscal year ending June 30, 2012. Private gift income to the Institute and its associated foundations totaled $118.4 million, as reported to the Council for Aid to Education (CAE), which measures only gifts received, excluding pledges.

Former President Clinton gets $2 bln in pledges to tackle world's woes | Reuters

Former President Clinton gets $2 bln in pledges to tackle world's woes | Reuters: With its theme of "Designing for Impact" and an emphasis on improving the lives of women and girls in the developing world, heads of states, business leaders and humanitarians at the eighth annual Clinton Global Initiative made 150 new pledges valued at about $2 billion to tackle some of the world's woes.

Nothing ‘Quiet’ About Archdiocese’s Campaign - TheNonProfitTimes

Nothing ‘Quiet’ About Archdiocese’s Campaign - TheNonProfitTimes: he archdiocese tightened its belt by slashing expenses and forged ahead with a parish-based, $135-million capital campaign called “Changing Lives Together,” which ends next year.

“We launched the campaign because we had to. That’s the bottom line,” said William Blaul, the campaign’s communications coordinator.

Now nearing the halfway mark of the staggered campaign, Changing Lives Together has received $52 million in pledges from more than 36,000 households. The pledges are to be paid over three years. “Changing Lives Together is right on goal,” Blaul said. “Our fulfillment right now is right where we want it to be -- better than 90 percent.”

Donors standing by Armstrong’s charity in days following cycling ban, stripping of titles - The Washington Post

Donors standing by Armstrong’s charity in days following cycling ban, stripping of titles - The Washington Post: But in the days following the announcement, the Lance Armstrong Foundation was showered with donations and pledges of continued support for its mission of promoting cancer awareness and research.

Public relations professionals say that while the famous cyclist and cancer survivor remains a polarizing figure, even his naysayers will have a hard time turning their back on the foundation and its trademark Livestrong yellow bracelets.

U.Va. donors may withhold funds over leader's ouster | HamptonRoads.com | PilotOnline.com

U.Va. donors may withhold funds over leader's ouster | HamptonRoads.com | PilotOnline.com: A top donor to the University of Virginia said she plans to withhold future contributions unless members of the school's governing board who are responsible for the ouster of President Teresa Sullivan are removed.

Another donor said she is worried about her family's investment - more than $170 million over the years - at the historic campus. More than a dozen other smaller donors have withdrawn pledges totaling thousands of dollars, and university officials are bracing for more.

Exploring Why Some Pledges Go Unfulfilled - Press - AFP

Exploring Why Some Pledges Go Unfulfilled - Press - AFP: Exploring Why Some Pledges Go Unfulfilled

(May 22, 2012) Little data exists for measuring slippage of multiyear pledges to capital or endowment campaigns. A recent survey offers a glimpse at this phenomenon.

The research study is based on an online survey of AFP eWire readers conducted by ME&V Fundraising Advisers.

massnonprofit.org ::

massnonprofit.org ::: March 15, 2012 — A philanthropist in western Massachusetts is leveraging his philanthropy through an unusual estate legacy giving program that, over five years, has generated nearly $60 million in pledges based on incentives valued at $765,000.

The Grinspoon Institute for Jewish Philanthropy has awarded incentives totaling $765,000 to 41 Jewish camps, which together have secured 2,278 letters of intent worth nearly $60 million in pledges.

Post-Recession Charitable Pledges to Hospitals Slow, Jeopardizing Future Fundraising Efforts

Post-Recession Charitable Pledges to Hospitals Slow, Jeopardizing Future Fundraising Efforts: WASHINGTON, D.C., (March 6, 2012) – As the United States and Canada emerged from the Great Recession, charitable pledges to nonprofit health care organizations slowed in fiscal year 2010, jeopardizing the ability of health care systems in both countries to generate philanthropic funding necessary to meet their long-term, construction, equipment and patient needs. These and other findings were contained in two reports published by the Association for Healthcare Philanthropy (AHP) based on its detailed Performance Benchmarking Service survey of fundraising activities in both countries - which for the first time examined a full year’s post-recession fundraising by U.S. and Canadian health care organizations.

Irwin Jacobs strives to make lives better | UTSanDiego.com

Irwin Jacobs strives to make lives better | UTSanDiego.com: He and his wife, Joan, graciously accepted the billionaire challenge from Warren Buffett and Bill Gates to pledge at least half of their considerable fortune to philanthropic causes. Well known are the La Jolla couple’s generous pledges to medical care, research, education and the arts. These include $120 million to the San Diego Symphony, a similar amount to UCSD’s Jacobs School of Engineering, $75 million to a specialty UCSD hospital, $30 million to the Salk Institute of Biological Studies. The Chronicle of Philanthropy ranked them as the 22nd most generous U.S. donors in 2011, with gifts totaling $64.9 million last year alone.

DVIDS - News - CFC-Overseas successful

DVIDS - News - CFC-Overseas successful: CAMP FOSTER, Japan - The Combined Federal Campaign-Overseas wrapped up its 2011 campaign here Dec. 2, after two months of raising money for approved charitable organizations around the world.

According to the CFC website, the CFC is the world’s most successful annual workplace charity campaign, with more than 200 campaigns worldwide, helping to raise millions of dollars each year. Pledges made by federal civilian, postal and military donors during the campaign seasons go toward nonprofit organizations that pro

Bill Clinton gets 194 pledges to tackle world woes | Reuters

Bill Clinton gets 194 pledges to tackle world woes | Reuters: The number of pledges made at the September summit was a third less than last year's record, but when combined with those made at an inaugural summit organized by Bill Clinton in June to help create U.S. jobs and fuel a U.S. economic recovery -- there have been a record 299 commitments made so far in 2011.

A further 66 commitments are in development and expected to be finalized by the end of the year, organizers said, taking the 2011 total to 365.

Steel Magnate Pledges $265-Million to Carnegie Mellon - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Steel Magnate Pledges $265-Million to Carnegie Mellon - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Carnegie Mellon University has received the largest gift in its history, a $265-million pledge from a prominent Pittsburgh businessman, reports the Associated Press.

The unrestricted gift from William S. Dietrich II, former chairman of the steel supplier Dietrich Industries, will pay for programs at the Pittsburgh university after the 73-year-old donor dies. It brings Carnegie Mellon close to meeting a $1-billion target for a fund-raising campaign now under way.

New MSU record: $80 million in private gifts (Mississippi State University)

New MSU record: $80 million in private gifts (Mississippi State University): "STARKVILLE, Miss.--Mississippi State is announcing a new milestone of $80.3 million in outright private gifts and pledges of future support during the just-ended fiscal year.

A 23 percent increase from FY 10, the record number represents the highest single-year giving total in the university's 133-year history."

New MSU record: $80 million in private gifts (Mississippi State University)

New MSU record: $80 million in private gifts (Mississippi State University): "STARKVILLE, Miss.--Mississippi State is announcing a new milestone of $80.3 million in outright private gifts and pledges of future support during the just-ended fiscal year.

A 23 percent increase from FY 10, the record number represents the highest single-year giving total in the university's 133-year history."

You too can leave part of your estate to charity - Community Voices - Modbee.com

You too can leave part of your estate to charity - Community Voices - Modbee.com: "One hundred and twenty-nine Californians have pledged to leave at least 10 percent of their estate to the charities of their choice and are leading the way to the goal of 1,000 pledges by Oct. 1. This date is the second annual California Legislature declared 'Plan Your Giving Day.'"

Nonprofit Hospitals Raise $8.26 Billion in Donations in FY2010, With Individual Donors the Majority of Pledges, AHP Reports. But Fundraising Costs More in Recession

Nonprofit Hospitals Raise $8.26 Billion in Donations in FY2010, With Individual Donors the Majority of Pledges, AHP Reports. But Fundraising Costs More in Recession: "The AHP’s annual survey showed that donations and grants to health care institutions in the not-for-profit sector totaled $8.264 billion in fiscal year 2010, up $620 million over the $7.644 billion raised in fiscal year 2009. While last year’s total was still short of the $8.588 billion raised in
FY 2008 and the FY 2007 level of $8.347 billion, the eight percent"

5 Questions: New fundraiser for Art Museum is in enviable spot

5 Questions: New fundraiser for Art Museum is in enviable spot: "hat a difference two years made. The economy might not have fully rebounded, but the museum's prospects sure have. The campaign started in December 2009 — one year later than originally scheduled — and the museum is close to meeting its $145 million goal of contributions and pledges."