20 minutes | Mar 16th 2021

218: (news) $1B Stimulus for AmeriCorps + Rise in Giving Trend

Nonprofit News for the week of 3/15 summarized by Kariesha and Nick from WholeWhale.com.   2020 Saw 10% Jump In Giving According to the Quarterly Fundraising Report, nonprofit fundraising was up 10% overall in 2020 compared to 2019. While this represents the highest volume of donations in 5 years, donor retention continues to drop (approximately by 4%), even after new donors are acquired or re-activated. A decline in retained, repeat donors is a trend the industry must be aware of in 2021. Read more ➝   Americorps Receives $1 Billion Influx of Stimulus The Biden Administration’s new stimulus relief bill includes a $1 billion increase in funding to AmeriCorps, the nation’s national service program. The extra funding is applauded by nonprofit sector advocates and proponents of national service, which has seen increased public support particularly from Congressional Democrats over the past several years. Read more ➝ The Summary... > $1B Stimulus for AmeriCorps > Church Funding Lagged Other Nonprofits In 2020 > The Met Considers Selling Its Art To Stave Off Financial Shortfall : Coronavirus Updates : NPR > Jack Dorsey will convert NFT tweet auction proceeds to bitcoin and donate them to charity > Baltimore Sun deal sets up major test for nonprofit news model > A NEEDED BOOST: Paycheck protection loans aid nonprofits hit hard by COVID-19
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