Abiding by the Law? Using Benford’s Law to Examine the Accuracy of Nonprofit Financial Reports

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. Benford’s Law asserts that the leading digit 1 appears more frequently than 9 in natural data. It has been widely used in forensic accounting and auditing to detect potential fraud, but its application to nonprofit data is limited. As the first academic study that applies Benford’s Law to U.S. nonprofit data (Form 990), we assess its usefulness in prioritizing suspicious filings for further investigation. We find close conformity with Benford’s Law for the whole sample, but at the individual organizational level, 34% of the organizations do not conform. Deviations from Benford’s law are smaller for organizations that are more professional, that report positive fundraising and administration expenses, and that face stronger funder oversight. We suggest improved statistical methods and experiment with a new measure of the extent of deviation from Benford’s Law that has promise as a more discriminating screening metric.

Nonprofit and Voluntary Sector Quarterly | http://journals.sagepub.com/action/showFeed?ui=0&mi=ehikzz&ai=2b4&jc=nvsb&type=etoc&feed=rss  

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Pathways to Late-Life Volunteering: A Focus on Social Connectedness

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. Utilizing a mixed-methods research design consisting of two consecutive phases, this study investigates older adults’ perceptions and understanding of social connectedness factors influencing late-life volunteering. In the first phase, quantitative data from the Belgian Ageing Studies project (N = 24,508, from 89 municipalities) was analyzed through regression modeling. In the second, qualitative phase, focus groups with older people were conducted in each of the six research locations, to elucidate and build on the quantitative results. The research findings indicate that formal connectedness is highly influential for both the potential to volunteer and actually doing so. Membership of an association and being a new resident are key determinants for volunteering in later life. Moreover, local policy also functions as an important bridge between long-term residents and new residents in terms of the social structure of the society and the extent to which people are integrated into the community.

Nonprofit and Voluntary Sector Quarterly | http://journals.sagepub.com/action/showFeed?ui=0&mi=ehikzz&ai=2b4&jc=nvsb&type=etoc&feed=rss  

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Philanthropic Entrepreneurs Who Give Overseas: An Exploratory Study of International Giving Through Grassroots Organizations

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. We examine a phenomenon which includes people who have had transformative experiences while abroad and traveling, and who have returned home to the United States and become philanthropic entrepreneurs: they start their own international nonprofit organizations. We set out to examine the motivations for giving to international causes through these nonprofits, called grassroots, international non-governmental organizations (GINGOs), which allow individuals to actualize their calling to serve distant places and causes. As an exploratory, qualitative inquiry, we build on recent survey and experiment data about motivations to international giving and donor choice. In particular, GINGO leaders as philanthropic entrepreneurs challenge two main deterrents related to international giving: trust and its influence on willingness to donate to international causes and the adage that “charity begins at home.” Our findings support suggestions in the literature that personal networks and word of mouth are important in donor choice and incentivizing giving to international causes.

Nonprofit and Voluntary Sector Quarterly | http://journals.sagepub.com/action/showFeed?ui=0&mi=ehikzz&ai=2b4&jc=nvsb&type=etoc&feed=rss  

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The Good Exchange removes all fees for grant-makers and donors as it sets out to close the nationwide charitable funding gap

Newbury, 1st October 2019 – Not-for-profit, charity-owned charitable giving platform, The Good Exchange has today announced that it will be transforming the way that money is given to good causes using its platform by making the service completely free for every organisational funder and individual donor from today. During the three years that The Good Exchange has been in operation, there have been huge changes in the way that technology is being used across the…

Source: RealWire

Realwire: Voluntary Work | https://www.realwire.com/rss/?id=575&row=&view=Synopsis

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Team Rynkeby collects EUR 10 million in international donations on behalf of severely ill children

The Eckes-Granini Group supports the benevolent engagement of Europe’s most ambitious charity cycling project. Nieder-Olm, 30 September 2019. Since 2002, when employees of Rynkeby Foods A/S decided to ride their bicycles to Paris for a good cause, the Team Rynkeby project has become Europe’s biggest charity cycling event. More than 2,000 cyclists from 7 countries took part in the initiative in 2019 and collected 10.6 million euros for children suffering from severe illnesses. An absolute…

Source: RealWire

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Does Hospital Status Affect Performance?

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. This article investigates the impact of hospital profit status on quality of care as measured by risk-adjusted, 30-day, inpatient readmission rates gathered by the Centers for Medicare and Medicaid Services. It also evaluates the association between inpatient readmission rates and market concentration, measured by the Herfindahl–Hirschman Index, and various hospital characteristics. It concludes that nonprofit (NP) hospitals have a statistically significant negative association with readmission rates because they can focus on their mission without intense pressure to make a profit. We find no significant association between quality of care and hospital market competitiveness nor any statistically significant evidence to reject the exogeneity assumption of NP status.

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Constraints and Strategies to Scaling Up in Sport for Development and Peace Organizations: Evidence From the Field

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. The purpose of this study was to explore and examine the constraints faced by managers as they attempt to scale up their sport for development and peace (SDP) organizations, and to identify the strategies they are employing to mitigate these constraints. Previous research has not examined constraints to scaling up in the SDP nonprofit space. Findings revealed three major themes related to challenges within four types of scaling up (quantitative, functional, political, organizational); skepticism about sport as a development tool, funding challenges leading to an entrepreneurial mind-set, and challenges associated with a general lack of business acumen among key leaders. Within each of these three themes, strategies for addressing these constraints are illuminated. These constraints and strategies are positioned within the broader nonprofit context, and theoretical and practical implications for scaling up SDP organizations are also explicated.

Nonprofit and Voluntary Sector Quarterly | http://journals.sagepub.com/action/showFeed?ui=0&mi=ehikzz&ai=2b4&jc=nvsb&type=etoc&feed=rss  

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The Good Exchange Celebrates Disbursing £11.5m to Good Causes As It Reaches Third Anniversary

The platform has seen a 116% increase in new user registrations, while the number of projects achieving full funding via the platform has jumped by 70% in the last yearNewbury, 18th September 2019 – Not-for-profit, charity owned online charitable giving platform The Good Exchange has revealed significant growth figures as it celebrates its third anniversary today. In its third year of operations, the platform disbursed over 1,200 grants (with a 74% increase in total grant…

Source: RealWire

Realwire: Philanthropy | https://www.realwire.com/rss/?id=720&row=&view=Synopsis

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ThreatQuotient Expands Support for Rhino Conservation in Honour of World Rhino Day

Long-time supporter of efforts to save rhinos becomes official partner of Helping Rhinos charityLONDON, UK – 17th September 2019 – ThreatQuotient™, a leading security operations platform innovator, today announced its partnership with Helping Rhinos, a charity organisation focused on providing a sustainable future for rhinos. As an official supporter, ThreatQuotient aims to bring awareness to rhino conservation efforts and to raise money for initiatives that will ensure protection of the endangered species. The rhino has…

Source: RealWire

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Grantmaking Foundations’ Asset Management, Payout Rates, and Longevity Under Changing Market Conditions: Results From a Monte Carlo Simulation Study

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. Today’s uncertain financial markets could affect foundations’ future grantmaking capacities. We review foundations’ financial decision-making patterns and their effect on foundations’ assets, longevity goals, and payouts. Using three fictional foundations with different longevity goals and grantmaking preferences, we demonstrate the delicate balance and tight nexus between asset management strategies, payout rates, and longevity. To do so, we perform stochastic Monte Carlo simulations of multiple foundation life cycles, conducted under diverse capital market scenarios. The findings suggest that foundations should (a) readjust their return expectations to today’s less favorable markets; (b) reduce their reliance on past portfolios’ investment returns or unique “success stories” in making decisions; (c) appreciate the strong interdependence between portfolio-mix, payout rates, and longevity; (d) consider effects of their particular mission/problem area on these parameters; and (e) use tailored projection analyses that simulate various investment strategies, payouts rates, and longevity to meet their grantmaking goals.

Nonprofit and Voluntary Sector Quarterly | http://journals.sagepub.com/action/showFeed?ui=0&mi=ehikzz&ai=2b4&jc=nvsb&type=etoc&feed=rss  

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Government & National Lottery backed youth social action #iwill Fund supported by County Durham Community Foundation available via The Good Exchange

Local youth charities and good causes encouraged to apply for grants totaling £150,000 from a North East charitable trust in latest funding roundNewbury, 10th September 2019 – Not-for-profit cloud platform The Good Exchange has today announced that £150,000 of funding is available to support young people in the North East of England.County Durham Community Foundation (CDCF) is launching its youth social action programme by bringing together the Government and National Lottery Community Fund-backed #iwill programme…

Source: RealWire

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What Does Innovation Mean to Nonprofit Practitioners? International Insights From Development and Peace-Building Nonprofits

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. Charitable nonprofits strive to meet their organization’s goals, address external demands, and secure resources to pursue their missions. Management scholars have recommended that nonprofits promote innovation and innovative practices to maximize profits and gain a competitive advantage. However, the voices of nonprofit practitioners who implement this strategy have not been heard. We used data from interviews and focus groups with 47 practitioners representing development and peace-building nonprofits across six continents to probe what innovation means to them. Five themes emerged: (a) experimentation and social transformation, (b) financial sustainability, (c) collective solutions, (d) new means for achieving missions, and (e) adaptations to local contexts. These findings reveal discrepancies in the meaning of innovation between theory and practice. The findings from this study suggests innovation and innovative practices can have different meanings in different sectors. Perspectives on nonprofit innovation are multifaceted, yet the overarching emphasis is finding transformative ways to attain organizational goal(s) for social change.

Nonprofit and Voluntary Sector Quarterly | http://journals.sagepub.com/action/showFeed?ui=0&mi=ehikzz&ai=2b4&jc=nvsb&type=etoc&feed=rss  

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Understanding the Dissolution of Nonprofit Organizations: A Financial Management Perspective

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. The financial antecedents of nonprofit dissolution have not been well studied, although there is growing scholarly attention devoted to the dissolution of nonprofit organizations. Using longitudinal data on U.S. public charities from 2005 to 2015, this study employs the Cox proportional-hazards model to examine the effects of overhead costs and revenue mix on nonprofit dissolution. In particular, we find that spending on employee compensation and fundraising each has a nonlinear, U-shaped relationship with the likelihood of nonprofit dissolution. We also find that commercial nonprofits are less likely to dissolve than their noncommercial counterparts. Finally, revenue diversification has a favorable effect on nonprofits’ survival prospects. These findings provide important managerial implications for nonprofits to sustain their operations and influence in practice.

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DataCore takes Platinum Sponsorship for LifeCycle Challenge 2019

READING, UK & MALTA, September 02, 2019 – DataCore Software is sponsoring the LifeCycle Challenge in its 21st anniversary year, raising much needed funds to assist renal patients to have a significantly improved quality of life. Their main fundraising event, the Nescafé 3in1 LifeCycle Challenge, this year sees 27 cyclists racing 2,000km across Vietnam, Laos and Cambodia in just 10 days this September. Michel Portelli, VP EMEA Marketing, DataCore commented: “This life-changing charitable challenge across…

Source: RealWire

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Fit Themes in Volunteering: How Do Volunteers Perceive Person–Environment Fit?

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. Worldwide, millions of people volunteer for nonprofit organizations. These organizations heavily depend on volunteers, such that successfully retaining them represents an indispensable task, as well as one that might benefit from the application of fit theory. The complex mechanisms that shape volunteers’ fit throughout their volunteering experiences in the nonprofit environment have been scarcely analyzed though, and fit research has only selectively assessed volunteer experiences. Therefore, the current study investigates how volunteers perceive person–environment fit using a qualitative research design that relies on narrative interviews. Eight service-related and daily-life–related fit themes emerge at the organizational, collaborational, individual, and external levels. These identified fit themes help clarify how volunteers relate distinctly to the environments established by the organizations for which they volunteer. In addition to extending research on volunteering experience, this qualitative analysis of perceived fit among volunteers enriches fit theory, by contextualizing the concept of fit for volunteers.

Nonprofit and Voluntary Sector Quarterly | http://journals.sagepub.com/action/showFeed?ui=0&mi=ehikzz&ai=2b4&jc=nvsb&type=etoc&feed=rss  

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Artesian Solutions Set to Once Again Host the ‘Brain of the City’ Quiz for City Giving Day on 24th September 2019

27th August 2019: Artesian Solutions, the powerful technology for client facing commercial teams, designed to accelerate revenue growth by helping create deeper and more meaningful B2B relationships, is once again set to host the ‘Brain of the City’ Quiz for this year’s Lord Mayors Appeal City Giving Day. Following the success of last year’s event, in which tickets sold out in record time, Artesian along with partners Pinsent Masons and RSA Group, will run concurrent…

Source: RealWire

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Game of Loans: The Relationship Between Education Debt, Social Responsibility Concerns, and Making a Career Choice in the Public, Private, and Nonprofit Sectors

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. The public and nonprofit sectors generally pay less than the private sector, and individuals are willing to forgo higher salaries in exchange for greater intrinsic satisfaction derived from making a contribution to society. However, personal financial considerations, such as education debt, may discourage individuals from pursuing careers in lower paying sectors even if they are predisposed to public service motivation (PSM). We surveyed a sample of graduating students to investigate if (a) education debt discourages students from pursuing lower paying public or nonprofit careers and (b) whether PSM overrides the considerations students might make about entering lower paying sectors as their education debt rises. First, we find that education debt has a marginal effect on initially selecting private over public and nonprofit careers. Rising education debt may discourage students from public sector careers after controlling for PSM. We also find that rising education debt may discourage students from nonprofit careers even with high levels of PSM. The present study enhances our understanding of how financial considerations, in the form of education debt, may influence a student’s initial choice in pursuing public, private, and nonprofit careers.

Nonprofit and Voluntary Sector Quarterly | http://journals.sagepub.com/action/showFeed?ui=0&mi=ehikzz&ai=2b4&jc=nvsb&type=etoc&feed=rss  

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Bringing Politics Back in Charitable Giving: Evidence From Donations After China’s Sichuan Earthquake

Nonprofit and Voluntary Sector Quarterly, Ahead of Print. Do non-Westerners donate differently? Drawing on a unique survey after the 2008 Sichuan earthquake, this article reports some empirical findings about Chinese donation behavior. Our empirical analysis confirms the importance of various socioeconomic factors in charitable giving. What distinguishes the Chinese case from other societies is the role of politics. Political attitudes affect how people donate: Less trustful individuals and less dependent communities do not embrace state-centered charity enthusiastically. Our research expands the spatial coverage of the charity study that is dominated by experiences and practices from European and North American countries. To generate hypotheses about political attitudes, we develop a simple political model of charity. Placing politicians’ survival motivation at the center opens up new inquiries that are underexplored by current literature. It also inspires further research into comparative institutional designs of charity across national boundaries.

Nonprofit and Voluntary Sector Quarterly | http://journals.sagepub.com/action/showFeed?ui=0&mi=ehikzz&ai=2b4&jc=nvsb&type=etoc&feed=rss  

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Fred.Olsen Renewables raise more than £16k with Three Peaks Challenge

Fred.Olsen Renewables, with the help of Natural Power, SeaRoc and ZX Lidars, has raised a total of £16,078 for the Marine Conservation Society, Scottish Mountain Rescue and Mountain Rescue England and Wales by completing the Three Peaks Challenge.A team made up of 27 employees from all four companies took park in the challenge scaling Ben Nevis in Scotland, Scafell Pike in England, and Snowdon in Wales.Finley Becks-Phelps, development manager at Fred.Olsen Renewables, said: “Originally, it…

Source: RealWire

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