Tag: donors

Cryptocurrency Is Changing The Way Colleges Do Business With Students And Donors
CRYPTOMARKET, EDUCATION, IN OTHER NEWS

Cryptocurrency Is Changing The Way Colleges Do Business With Students And Donors

Until about 2020, universities used cryptocurrencies only to pay ransoms to criminals attacking their networks. A fast payment to criminals helped victim universities restore their networks quickly. With increasing public adoption of cryptocurrencies, especially among young consumers, universities are exploring them, too. As of early 2022, 20% of U.S. consumers had used cryptocurrencies. According to an April 2022 report, 28% of 13- to 39-year-olds had purchased at least one type of cryptocurrency. Among consumers in this age group, 13% had purchased and 38% were interested in a particular offshoot of cryptocurrencies called non-fungible tokens. Cryptocurrencies have lost market value from a peak of about US$3 trillion in November 2021 to $804 billion in November 2022. And their uses are...
According To A New Survey – Black, Hispanic And Asian American Donors Give More To Strangers In Need As Well As Social And Racial Justice Causes
Journalism, SOCIAL JUSTICE

According To A New Survey – Black, Hispanic And Asian American Donors Give More To Strangers In Need As Well As Social And Racial Justice Causes

Wendy Chen, Texas Tech University and Una Osili, IUPUI More than a year after protesters around the world responded to the tragic deaths of George Floyd, Ahmaud Arbery, Breonna Taylor and other people of color, U.S. donors of all backgrounds are still responding to calls for an end to deep-rooted racial inequities. To learn more about these giving patterns, the Indiana University Lilly Family School of Philanthropy teamed up with the nonpartisan research organization NORC at the University of Chicago to survey 1,535 Americans from Sept. 14 to Oct. 6, 2020. Our survey, which has a margin of sampling error for all respondents of plus or minus 5 percentage points, indicates that giving to racial and social justice is on the rise – especially among donors of color. We highlighted these find...
The Biggest US Donors Gave $25 Billion In 2020 What That Says About High-Dollar Charity Today
BUSINESS

The Biggest US Donors Gave $25 Billion In 2020 What That Says About High-Dollar Charity Today

According to The Chronicle of Philanthropy, the top 50 Americans who gave the most to charity in 2020 committed to giving a total of US$24.7 billion to hospitals, homeless shelters, universities, museums and more – a boost of roughly 54% from 2019 levels. David Campbell, Elizabeth Dale and Jasmine McGinnis Johnson, three scholars of philanthropy, assess what these gifts mean, the possible motivations behind them and what they hope to see in the future in terms of charitable giving in the United States. What trends stand out? Campbell: Pandemic. Pandemic. Pandemic. The share of giving that went to social service nonprofits, food banks and homelessness assistance groups rose sharply. At the same time, performing arts organizations, largely shut down as a result of the pandemic and starved of...
Donors And Volunteers Can Help Nonprofits Struggling To Do More With Less Money
Journalism

Donors And Volunteers Can Help Nonprofits Struggling To Do More With Less Money

Historically, nonprofits have gotten nearly a third of their charitable donations just during the month of December. In recent years, this flurry of giving has begun on #GivingTuesday, an online campaign that takes place on the first Tuesday after Thanksgiving. We asked Erica Mills Barnhart, a University of Washington nonprofits scholar, to explain how nonprofits are holding up amid the COVID-19 pandemic and the economic distress it has caused, as well as why everyone with money to spare should consider giving some of it away now. 1. How are nonprofits faring? Many are in trouble. According to a study on how the pandemic is affecting nonprofits in Washington state, my colleagues and I found that demand for services is 10.2% higher, while funding has sunk by 29.5%. In addition, nonprofits...
Prejudice May Make Donors Less Generous Against People With Darker Skin
IN OTHER NEWS

Prejudice May Make Donors Less Generous Against People With Darker Skin

U.S. donors are inclined to give less generously to charities in developing countries when they believe those funds will help people with darker skin. That’s what I found out when I measured the implicit skin-tone bias of 750 people who completed an online survey. The donors who harbored more implicit bias against darker skin were less likely to give more than US$10 to the charity than those who were less prejudiced. How I did my work I recruited the participants through a virtual labor market known as Amazon MTurk. They were asked about their age, income and education, and other characteristics. Then I assessed their bias toward light skin or dark skin by relying on a variant of the Implicit Association Test, a common research tool for this purpose. Finally, I asked how much money they a...
The new coronavirus is hitting colleges and universities hard, but donors can help
COVID-19, IN OTHER NEWS

The new coronavirus is hitting colleges and universities hard, but donors can help

Amid concerns about the deadly coronavirus pandemic, a rapidly growing number of colleges and universities are closing their classroom doors, forcing faculty to teach students online instead of in person. The risks posed by COVID-19, the disease caused by the new coronavirus, are both dramatic and abstract. Without a vaccine, scientists can’t say how long it will last or what its full impact will be in any regard – including on higher education. There was almost no time to forge a plan to cope with either the logistical or financial consequences before they began to unfold. We are scholars of philanthropy who have examined the responsibilities of people in charge of overseeing colleges and universities. At this point, we are growing increasingly concerned about the hundreds of colleges ...
Journalism

Why the Demand for Black Bone Marrow Donors Is High—and Awareness Is Low

For Black people, whose donor pool is exceptionally small, addressing racism in the medical profession is crucial to finding solutions. Every week for the past five years, Destiny Worthington has sat in a chair watching donated blood pump through narrow plastic tubing into her body. At the City of Hope Comprehensive Cancer Center in Los Angeles County, she spends up to six hours every week getting blood work done followed by blood and platelet transfusions. When she was 15 years old, Worthington went to a required routine physical for her softball team. At the time, she had a lot of bruising on her body, so doctors ran blood tests for leukemia, various types of anemia, and other blood disorders. “I actually wasn’t diagnosed back then. They just knew that something was wro...