Transcript Hampton Roads Gift Planning Council

Hampton Roads Gift Planning
Council
State of the Region
Nonprofit Sector
How Our Local Economy May Affect Planned Gifts
Content from the State of the Region-Hampton Roads 2015, Nonprofit Sector Chapter, and resources as
credited in the bibliography accompanying the full written report as prepared by Gary A. Wagner, PhD,
Katrina L. Miller-Stevens, PhD and Vinod Agarwal, PhD, Director of the Economic Forecasting Project, a
publication of the Regional Studies Institute and Old Dominion University
September 10, 2015
Rovner Philanthropic Partnerships
Nonprofit Sector –
Community Charities & Foundations
•
•
•
•
•
•
•
Hospitals
Universities
Private Schools
Social Services
Animal & Environmental Welfare
Arts and Museums
Churches, Synagogues and other religious
institutions
Most are Unaware of Scope, Value and
Impact
• NATIONAL
– 1.6 million nonprofit organizations filed with IRS
– Does not include churches, clubs or other
voluntary associations not required to file with IRS
– 2010 – nonprofit sector employed 9% of American
workforce with almost $577 billion in paid wages
– 2010 – contributed 5.5% ($804 billion) to the
Gross Domestic Product (GDP)
– 2010 $2.06 trillion in revenues & $4.49 trillion in
assets
Largest Contributors to Total Revenue
• Health Organizations
• Education
• Human Services
53%
15%
18%
80% of the Revenue & Assets comes from only 3% of the
Total Number of Nonprofits and These Consist Primarily
of Revenues to Health Care & Educational Institutions
Volunteering 2013
• 62.6 million people
– 36.2 million were women
– 21.7 million were a parent
– 20.5 million were in the baby boom generation
– 5.2 million were veterans
• $173 billion in services contributed by unpaid
volunteers
• Virginia had a volunteer rate 0f 28.5% of its
adult population (middle of the pack)
Donations to Charity - 2013
• $310+ billion per year to charities
– $241.32 billion by Individuals
78%
– $ 52.28 billion by Foundations 17%
– $ 16.76 billion by Corporations 5%
Where Gifts Are Given?
•
•
•
•
Religious Organizations
Education
Human Services Organizations
Grant Making Foundations
31%
16%
12%
11%
Hampton Roads - 2012
• 2,009 public charities with Receipts => $25k
– ~500 in S Hampton Roads with Revenues > $100k
– ~200 on the Peninsula with Revenues >$100k
Organizations By Type
Hampton Roads
Breakdown of Revenues & Expenses
• $9.6 billion Total Revenues
–$7.4 billion Program Service Revenues
• 77% (US 50%)
–$1.5 billion in Charitable Gifts
• 16% (US 13%)
–$160 million in Investment income
• 1.6% (US 2.8%)
–$626 million in Other Income
Interesting Observations-2012
• Health oriented organizations have the highest revenues
($6.7 billion) & highest expenses ($6.3 billion) even
though they only make up 8% of the total 2,009
nonprofits in the area. Wages $1.9 billion.
• Nonprofits paid ~$2.6 billion in paid wages &
compensation
• Human Services organizations, which make up 34% of the
nonprofits operate with revenues of $729 million and
expenses of $706 million. Wages $236 million.
United Way of South Hampton Roads
• Human Services are at the heart of
service delivery in the nonprofit sector
• Collective Impact creates a path for
facilitating collaborative efforts of
individuals and institutions across the
public, private and nonprofit sectors
2013/14 United Way Statistics
16 Accounts raised 50% of the Campaign:
Sentara, Norfolk Southern, Pilot Media, GEICO, PRA Group, Dominion Power,
Dominion Enterprises, VB City Public Schools, TowneBank, Wells Fargo,
City of Virginia Beach, Bank of America, USAA, CBN, Sun Trust, City of Norfolk and
Checkered Flag Motor Car Co.
2013/14 United Way Statistics
UWSHR Membership Statistics: 2013
• 66 members with Total Revenue of $390
million
• 367 different programs targeted at helping
individuals
• Employ 8,301 individuals
• Total Clients Served 193,000 – This total may
be considerably higher depending on how the
members reported their service metrics
Community Impact
Final Observations
• The number of nonprofits in Hampton Roads is
impressive; however, the nonprofit sector as a
whole is often overlooked and its relevance
misunderstood.
• This State of the Region Chapter is a big-picture
overview but what is not discussed is the
collaborative nature of nonprofits to work closely
with private companies, government agencies,
the military and individuals to solve local
problems to address the civil society.