Displaying items tagged: Montgomery Consulting Inc

Philanthropic giving by U.S. corporations surged last year compared to 2020, a positive sign for Michigan nonprofits that tend to rely more on corporate donors than individuals compared to other states.

A robust stock market, strong economy and low unemployment rate in 2019 created a trifecta that is credited for the second-best year in recorded history for charitable giving in the United States.

Rescheduled. Postponed. Canceled. These are the words Michigan nonprofits are using frequently these days when talking about the status of fundraisers that are critical to the financial health of their organizations.

The fallout from the coronavirus pandemic proves how quickly sentiment can change among philanthropic donors. 

Building stronger relationships with donors who are part of a U.S. demographic shift should be part of the fundraising strategy for the nonprofit and philanthropic sectors. 

While he wouldn’t categorize it as “dire,” a leading Michigan-based consultant said the fundraising climate in Michigan has been better and currently is headed in the wrong direction. Michael Montgomery, owner of Huntington Woods, Mich.-based Montgomery Consulting Inc. and an instructor at the University of Michigan’s Dearborn campus, lays out the rationale for his predictions in his annual Michigan Fundraising Climate Survey, released at the end of March.

On the surface, reports that charitable giving in America hit a record high of more than $400 billion in 2017 are encouraging. 

A more business-minded approach is helping Goodwill affiliates in West Michigan achieve and maintain healthy profits while remaining true to their nonprofit missions.

The fundraising climate in Michigan remains stable, but many nonprofit fund developers say they’re concerned about federal tax law changes.