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Knowledge Base

What information should be in a gift acknowledgement letter? Where can I find samples?

Gift acknowledgement letters serve two basic purposes. First, they substantiate donations if donors need their contributions documented. Second, these letters are an opportunity to thank donors personally and sincerely, in hopes of building relationships with them so that they will continue supporting your organization.

Topic(s) Individual Giving Donor Cultivation & Retention

Knowledge Base

What is the difference between a private foundation and a public charity?

Foundation Center defines a private foundation as a nongovernmental, nonprofit organization having a principal fund managed by its own trustees or directors. Public charities generally derive their funding or support primarily from the public, receiving grants from individuals, government, and private foundations. Grantseekers should know the difference.

Topic(s) Foundation Giving

Knowledge Base

What is the monetary value of volunteer time?

The estimated value of volunteer time for 2018 is $24.69 per hour, according to Independent Sector, a coalition of charities, foundations, corporations, and individuals that publishes research important to the nonprofit sector.

Topic(s) Fundraising Volunteers