This program was recorded on April 20, 2022
Today’s donors are increasingly interested in assuring that their charitable giving will support their chosen organization’s mission and have greater social impact. Many are considering gifts of crypto currencies to share their huge appreciation in value. Younger donors are asking whether and how Environmental, Social, Governance (”ESG”) principles are included in a charity’s stewardship. Young tech-savvy and frequently very wealthy potential donors with large portfolios of cryptocurrencies may be the fastest growing demographic for charitable giving. Relatively few charities are prepared to deal with them.
How should charities respond? This webinar will explore key issues with both topics. It will discuss the basics and offer ways that charities can – and should – respond to their donors and increase their donors’ involvement.
Mimi Blackwell, Director of Philanthropic Services at Friends Fiduciary Corporation in Philadelphia, will give participants tools to convey to donors the ways in which their gifts can have long-lasting impact with relatively small investment, particularly making meaningful change through socially responsible investing and shareholder advocacy. It will also explore how a charity can evaluate a planned giving services partner and what stewardship looks like with a management relationship.
Aaron Haleva, a partner at Montgomery McCracken and a member of its crypto practice group, will explain the basics of the blockchain program that allows cryptocurrencies to exist. How do people use it to “mint” (create) digital assets such as Bitcoin and NFTs, who creates them and why they are becoming more in vogue? Are they secure? Where do they actually exist? And, most importantly, how are they transferred? What does a charity need to do to be able to receive cryptocurrencies? How does a charity convert a crypto gift to dollars? And what should a charity do if it wishes to be more attractive for crypto gifts?
Nonprofit Issues® editor Don Kramer and Tish Mogan, Standards for Excellence Director at the Pennsylvania Association of Nonprofit Organizations, will facilitate the discussion.
This program is approved to provide continuing legal and continuing professional education credits for lawyers and accountants in Pennsylvania.