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I thank Jeffrey Wilson for providing the following information.
|1515 W. 22nd Street * Suite 300 * Oak Brook, IL * 60523|
Jeffrey Wilson is a registered representative and investment advisor representative who offers securities and investment advisory services through AXA Advisors, LLC (NY, NY 212-314-4600), member FINRA/SIPC, and is an agent who offers annuity and insurance products through AXA Network, LLC and/or its insurance agency subsidiaries. AXA Network, LLC does business in California as AXA Network Insurance Agency of California, LLC and, in Utah, as AXA Network Insurance Agency of Utah, LLC. AXA Advisors and AXA Network are affiliated companies and do not provide tax or legal advice. Please consult with your professional tax and legal advisors regarding your particular circumstances. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. Your receipt of this e-mail does not necessarily indicate that the sender is able to transact business in your state.
I thank Emmanuel Jackson for providing the following announcement.
STATE OF ILLINOIS
Business Enterprise Council for Minorities, Females, and Persons with
Next Council Mtg. – October 27, 2014
1:30 p.m. – 3:30 p.m.
100 W. Randolph 401 S. Spring St.
Room 2-025 Room 500 1/2
Chicago, IL 60601
. Committee Updates
• Procurement Committee
• Business Development Committee
• Capital Access and Banking Committee
• Certification Committee
• Policy, Rules and Enforcement Committee
This council has a great deal of power under Senate Bill 51. The problem is companies almost never show up. They have to have something to advocate for. This is the council that decides rather companies receive waivers for BEP participation. There are many other issues that they deal with. My only suggestion is that when you go to the council have your company in position to do business. Make sure you are in good standing with the state. It is always helpful that you are certified with CMS as a BEP company.
Thirty years ago, organizations could tell warm and fuzzy stories, describe their work in terms of the number of people served, and almost be assured of funding. That’s not always true today. Although heart-warming human interest stories and reaching large numbers of people are important, funders are demanding to see measureable returns on their social investments. On top of that, their funding criteria and priorities change from time to time, making nonprofit leaders wonder how foundations are really making funding decisions.
GuideStar commissioned Hope Consulting to conduct a survey of 4,000 high net worth individuals and foundations in 2010 to get a sense for how donors make funding decisions. They were specifically interested in learning how donors conducted research of organizations, and whether their findings impacted giving. In 2011, they commissioned Hope Consulting to survey 6,000 affluent donors and foundations to find out what information they were seeking from nonprofits and the sources they used to get their information. They also wanted to know if there was a typical format in which high net worth individuals would like to receive the information.
GuideStar and Hope Consulting explored 10 factors that impact donors’ decision to give or deny funding. They found that foundations were most driven by causes and the level of impact organizations made through their programs and services. Foundations were more likely to give to the highest-performing organizations that align in their cause areas of interest. Foundations were least likely to take into consideration personal connections with the organization, the organization’s reputation, or input from colleagues.
Individual donors were likely to spend less than one half hour doing research on organizations before giving. Foundations, on the other hand, were likely to spend 4-6 hours researching organizations before giving. Some foundations spent more than a week. Foundations typically compared prospective donors with similar organizations, focusing on the degree to which programs have made a positive impact upon their clients and communities. Other factors that were strongly considered included financial management practices and performance; whether or not the organizations were current in their filings with the IRS and state agencies and the organization’s legitimacy in the community and nonprofit sector.
Currently, foundations are most likely to get their information from sources like the organizations’ funding proposals, site visits, conversations with organizational leaders and word of mouth from other grant makers. In the future, it is expected that funders will get most of their information from sources like the GuideStar website, which currently collects data on every nonprofit in the country, including their form 990’s, organizational profiles and stakeholder reviews of those organizations. It is also expected that foundations will rely more heavily on reviewing organizations’ websites and other government and commercial databases that track organizational performance.
Given what we know about how foundations make funding decisions, and where they get their information, how should nonprofits proceed? It goes without saying that organizations should keep good financial records and make sure their filings with the IRS and state agencies are current. While it’s not a requirement, organizations can set themselves apart by posting their Form 990’s on their websites and updating their GuideStar profiles. Other items that should be posted on the organization’s website include organizational newsletters, evaluation results, annual reports, client satisfaction questionnaires and results, board and staff bios, and program descriptions and outcomes. After prospective funders leave your website, they should have a very good sense for the quality of organizational leadership, the impact of the organization’s programs and services in the community, how well the organization manages its finances and whether the organization has legitimacy in the community. If funders were to visit your website today, what would they find?
About the Author
Valerie F. Leonard is an expert in community and organizational development, with a mission to strengthen the capacity of organizations to make a positive impact on the communities they serve through technical assistance, specialized workshops, resource and organizational development and project management. She is also an instructor with the University of Illinois at Chicago’s Online Certificate in Nonprofit Management Program is a member of the Chicago Metropolitan Agency for Planning Citizen Advisory Committee and North Lawndale Innovation Zone. For further information, visit www.valeriefleonard.com or e-mail her at firstname.lastname@example.org.
Congratulations to Paul Norrington, who will be receiving a Local Neighborhood Heroes Award for North Lawndale. Paul is the Vice President of the K-Town Historic District and the driving force behind the application for a Presidential Library in North Lawndale. He is active in a number of other activities and supports every positive initiative in North Lawndale. Please, come out and show your support for Paul.
I am deeply honored to have been invited to be a member of the GuideStar User Advisory Panel.GuideStar’s mission is to revolutionize philanthropy by providing information that advances transparency, enables users to make better decisions, and encourages charitable giving. (www.guidestar.org)
GuideStar gathers and disseminates information about every single IRS-registered nonprofit organization. They provide as much information as possible about each nonprofit’s mission, legitimacy, impact, reputation, finances, programs, transparency, governance, and so much more. The goal is to arm end users with the information they need to make the best decisions possible.
The 42nd Tutor/Mentor Leadership and Networking Conference will be held Friday, November 7, 2014 at the Metcalfe Federal Building, 77 W. Jackson Blvd. in Chicago. The conference is part of an ongoing strategy aimed at building connections between the people leading tutor/mentor programs, the people who are volunteers, and the people who provide the money so that high quality tutor/mentor programs can reach more K-12 youth in high poverty neighborhoods in Chicago and other cities. Register here.
I will be presenting a workshop, If I Build It, Will They Come? How to Develop Youth Programs That Are Relevant and Impactful.
Whether you are developing a youth program concept, or are in the throes of running a youth program, this workshop has something for you. You will learn how to develop or improve existing programs so they are consistent with your mission and strategic plan, yet, responsive to client needs.
We will cover:
- How to build your team
- Engaging internal and external stakeholders to maximize buy-in
- The differences between programs and services
- Developing a framework for your program that aligns with your organization’s mission, values, goals and objectives
- Relationships between a theory of change, strategic planning and program logic model development
- Using the program logic model at various phases of program development
- Conducting program needs assessments
- Laying the groundwork for program evaluation
- Developing realistic program budgets
- Funding your program
- Developing and monitoring work plans
- Developing program infrastructure
I got the following email from the Donors Forum.
I got the following email from the Chicago Sun-Times.