Archive for March, 2019

Nonprofit Finance Fund in Colorado to lead workshop

  • March 28, 2019
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Our members gathered recently to learn more about how to get a clear grasp of financial information provided by nonprofits. “Unpacking a Nonprofit’s Financial Story,” led by the Nonprofit Finance Fund, was focused on equipping funders with the language, tools, and resources for assessing a nonprofit’s financial health in a holistic manner.

Throughout the day, participants were encouraged to reflect on the ways in which equity, access, and capacity can impact a nonprofit’s financial performance on paper. Furthermore, funders were challenged to think of creative questions to ask nonprofits as they build a comprehensive picture of a grantee’s financial story. Keller Anne Ruble, Associate Investment Director at Gary Community Investments, reflected, “We came away with a common language and tools to continue pushing the conversation within our foundations and with our grantees. I particularly appreciated the time to exercise the analytic skills both individually and with a group.”

Nonprofit Finance Fund consultants, Jihye Gyde and Chance Craig, imparted new wisdom after walking through some of the basics of financial literacy. One of the major takeaways was to assess the full-picture of a nonprofit’s financial health which includes often overlooked considerations: unfunded expenses, like sweat equity, are often not captured on an income statements, but, if funded, could help a nonprofit operate effectively. CAF members learned more about nonprofit surpluses and how breaking even may not be enough.

Adolph Coors Foundation announces new leadership

  • March 25, 2019
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The Adolph Coors Foundation has announced that Carrie Tynan will be replacing John Jackson as executive director effective April 1st, 2019. John has worked for the foundation for 28 years, including ten years serving as executive director.

Carrie has worked at Adolph Coors Foundation since 2007.  Since 1976, the Adolph Coors Foundation has awarded 6,700 grants totaling $266 million to promote the western values of self reliance, personal freedom and responsibility, and limited government. Read the press release on this leadership transition here.

The Charitable Giving Tax Deduction Act and Foundations on the Hill 2019 Highlights

  • March 21, 2019
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During the second week of March, CAF and several representatives from our member organizations attended United Philanthropy Forum’s 2019 Foundations on the Hill. Our delegation met with many Colorado members of congress including Senators Michael Bennet and Cory Gardner, and House Representatives Jason Crow, Joe Neguse, and Ed Perlmutter.

Topics of discussion included the Charitable Giving Tax Deduction Act (H.R. 651) that was introduced in the House in January. This bill would make charitable deductions universal and above-the-line, meaning that taxpayers can deduct charitable donations from their taxes whether or not they choose to itemize. As charitable giving is expected to decline by billions of dollars due to the new increase to the standard deduction, this bill would ensure that taxpayers who want to make tax-deductible donations to charities have the greatest flexibility possible to do so—either while itemizing their deductions, or taking the standard deduction.

Our group also learned about How Philanthropy Can Activate and Influence Policymakers during an informative session led by the Senior Vice President for State Fiscal Policy at the Center on Budget and Policy Priorities.

Thank you to our delegates from The Colorado Health Foundation, Boettcher Foundation, Grand Foundation, and The Joseph Henry Edmondson Foundation for attending FOTH 2019 with us!

Aspen Community Foundation Executive Director reflects on economic dynamism of the Colorado nonprofit sector

  • March 18, 2019
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Tamara Tormohlen, who serves as the Executive Director of the Aspen Community Foundation, has written a piece in The Aspen Times sharing her thoughts on the recently published “Colorado Nonprofit Economic Impact Report“.

At Aspen Community Foundation, Tamara is often asked about how nonprofits contribute to the overall economy. The Economic Impact study is a crucial resource to her because it confirms that nonprofits are an important economic driver, and that charitable contributions from individuals and institutions provide both vital services to vulnerable populations, as well as economic stimulus across the state. In the Roaring Fork Valley region alone, nonprofits provide over 5,000 jobs and nearly $640 million in economic activity.

 

The Colorado Health Foundation, the Colorado Trust, and Kaiser Family Foundation partner to bring Health Journalism to Colorado

  • March 10, 2019
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CAF members  The Colorado Health Foundation and The Colorado Trust have partnered with KFF (the Henry J. Kaiser Family Foundation) to bring Kaiser Health News to Colorado. KFF—the trusted source of health policy information—produces health policy analysis, polling, and journalism. With support from TCHF and The Trust, Kaiser Family Foundation will hire a reporter based in Colorado to produce quality health journalism that is relevant to Colorado residents. Access to reliable health news coverage is an important step forward in reaching health equity in the state.

Read more about this partnership and health journalism in Colorado here.