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New Year! New Info to Help You Grow Your Team!


By Mary Hernandez, Petrus Blog Contributor


The newest release of the Association of Fundraising Professionals (AFP) annual Compensation and Benefits Study is timed perfectly for organizations creating a strategic plan to start or grow their development team in the new year. We've limited the scope of the 178-page report to look at key findings from the United States in religious, higher education, and human services sectors.

The data takes some of the mystery out navigating compensation for development professionals, who are integral to making your development program successful. By looking holistically at professional compensation relative to organization budget, team size, geographic region, and several other data points, you will better understand how growing your team may impact your budget. 

Organizations should be mindful that statistics and numbers only tell a part of the story. These data points do not measure the intangible qualities that ultimately make a...

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Let’s Get Excited about RMDs!


By Mary P. Walker, Petrus Blog Contributor & Local Charity Board Member


Let’s Get Excited about RMDs!

This may be the most boring blog post you’ll read this week, but slogging through it could bring a lot of money to your ministry!

2021 is shaping up to be a CRAZY tax year. Many of our benefactors have just recently filed their returns for 2020—with the deadline extended to October 15. WHEW! Now, you can help them and your ministry by gently reminding them that December 31 is only about two months away. That is the last day for tax favorable gifts in 2021. 

The funds for such a gift can come from a “required minimum distribution” (RMD) from a non-Roth IRA or other qualifying retirement plan account. 

Many people view their traditional IRAs as “nest eggs.” Even though they are old enough (at least 59 ½) to draw on these IRAs without penalty, they don’t, or draw just enough to meet expenses. However, when they...

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Women in Philanthropy Episode 5 with Sandy Guzmán


Hosted by Tara Doyon, Director of Client Services and Sarah Rose, Director of Communications.


In this episode Tara and Sarah are joined by Sandy Guzmán, Senior Accounting Specialist at Four Leaf Financial and Accounting. They discuss the importance of finances in leadership. As well as how understanding the story the numbers are telling you allows you make decisions that will help your organization and your personal giving. 


Show Notes:

History

For many reasons, women have historically taken a backseat in finances. But today, we see that trend change. Whether because they are equal earners in the household or because they are needing to manage finances for themselves. 

 

Empower Women

The stigma needs to be removed that investments or taking care of your financial future must be done by men. The availability of information allows women to learn and do for themselves. This is not being taught in schools, but that doesn't mean that we can't still...

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Giving USA Report 2021


By Mary P. Walker, Petrus Blog Contributor & Local Charity Board Member


Latest Information on Giving Trends

Giving USA 2021: The Annual Report on Philanthropy for the Year 2020 was released in June.  This report on the state of philanthropy is LONG and comprehensive, so I picked a few findings that would interest Petrus clients and blog readers. The opinions expressed below are my own. If you would like more detail, summary information is available for free here and you can purchase the full report here.

 

  • 2020 marked an all-time high in philanthropic giving.

More money was given last year than in any previous year studied, and about 5% more than in 2019. There are probably a number of reasons for this: (1) households whose incomes were NOT greatly affected by the pandemic, such as retirees on fixed incomes or those who stayed employed, felt a greater internal motivation; (2) investment value and the stock market recovery was high, which affects the wealth of...

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Commentary - "AI and the Future of Generosity" by Nathan Chappell


By Sarah Rose, Petrus Director of Communications


Recently, I was invited to watch one of OSV talks titled “AI and the Future of Generosity” by Nathan Chappell, Senior Vice President of DonorSearch Aristotle.

The OSV Talks are a “series of topics from Catholic leaders to spark discussion, explore new, or re-explore old approaches, and inspire creative thinking, all from the heart of the church.”

In the talk “AI and the Future of Generosity,” Nathan Chappell answers the question “How do you solve the world’s most pressing issues?” in 18 minutes or less.

The simplified conclusion is INCREASE GENEROSITY. Now we’re talking! 

Nathan leads the research and development division at DonorSearch Artistotle. In other words, he is a data man. 

According to Nathan, the data shows that last year 56% of Americans made donations. And the average American gave about 2% of their income to charity. 

If Americans...

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