Muhammad Babangida | Philanthropy

Muhammad Babangida is a committed philanthropist from Nigeria

Tag: Charity

Check Out These Great Podcasts If You Love Philanthropy

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On August 29, 2020

In Community Engagement, Muhammad Babangida, Philanthropy, Youth Philanthropy

Podcasts have become immensely popular in recent memory and they can be great sources of entertainment, knowledge, and news amongst other things. If you’re interested in philanthropy, charity, or nonprofits, podcasts can be an invaluable resource. You can hear so many perspectives on various social issues as well as how you can help and there are so many different podcasts out there. Here are a few great podcasts about philanthropy.

The Business of Giving

If you’re looking to hear possible solutions to social problems throughout the world, check out The Business of Giving. This show is hosted by expert philanthropist Denver Frederick, and every week he invites various philanthropists, social entrepreneurs, and nonprofit experts onto the show to discuss these social problems. With Frederick’s 40+ years of experience and the knowledge of these various experts, they dissect these social problems and try to come up with possible things we can do to solve them.

Futures in Fundraising

If you’re passionate about fundraising and want to know more, check out Futures in Fundraising. Every episode you’ll learn something new on topics such as using your organization’s data for good, advancing careers in development, or just new ways for you to give. They often provide great tips as well, just in case you decide to become a professional in the fundraising world. Every episode features an interview with someone who went on their own fundraising experience where they experienced both highs and lows.

Nonprofits Are Messy

Running a nonprofit organization isn’t easy. There are so many different aspects to think about and as host Joan Garry would put it, they’re messy. In her show, Joan discusses topics such as marketing, leadership, fundraising mistakes and so much more. Practically everything you can learn about nonprofits is discussed in this show, making it the ultimate resource for anyone wanting to improve their own organization.

The Important Podcast

The reason people become philanthropists or decide to work with nonprofits often comes down to one thing: they want to help people. The work they do is ultimately meant to serve those who are in need, and that’s exactly what The Important Podcast is all about. Each episode features inspirational stories of people helping others with an important mission to share these stories to as many people as they can.

The Biggest Trends In Philanthropy for 2020

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On July 1, 2020

In Community Engagement, Muhammad Babangida, Philanthropy, Youth Philanthropy

As the world evolves, philanthropy evolves as well. People are always finding new ways to give back and make a difference in the world, regardless of the obstacles they may encounter. While we’re halfway through 2020 and things are much more complicated than many expected in the world due to the global pandemic known as COVID-19, many trends are still occurring or can be expected to occur. Here are a few of the biggest trends we’ve seen and will continue to see in philanthropy as 2020 continues. 

People Will Continue To Give Regardless Of If It’s Seen

While it can sometimes be hard to believe, people are giving back more than ever nowadays. The biggest difference is that you don’t always see people giving back to a charity. Many Americans give to crowdfunding sites such as GoFundMe, or will try and raise money or needed supplies for families that are struggling. GoFundMe says that a new fundraiser is started on their site every 8 seconds, which is mind blowing to think about. More than ever people are trying to do better regardless of whether or not it makes them look good, and many are trying to make sure those donations go directly to the people in need as opposed to the organizations that act as intermediaries.

Philanthropy May Become More Polarized

With the 2020 presidential election fast approaching, many people will begin to donate to causes that may be the focus of some political conversations. This is commonly called “rage giving” and isn’t always the greatest way to approach philanthropy. This political polarization can cause larger funders to shift the way they approach their charitable giving, such as funders adopting a non traditional “charitable” LLC which helps them engage in policy debate more.

Tech Will Move Philanthropy More Than Ever

This trend likely doesn’t come as much of a surprise, and will also be a trend that we see for years to come. As time passes, technology becomes better. This is only inevitable, and the better tech becomes, the more people will utilize it to make their lives easier. This can be seen with philanthropy as well. Due to mobile phones and the existence of apps on our phones, it’s faster and easier than it ever has been to vet a nonprofit. They allow us to give to the causes we choose almost instantly, and it’s even easier to share that with our friends and family in hopes that they will also give back.

How to Handle Donor Fatigue the Right Way

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On June 29, 2020

In Community Engagement, Muhammad Babangida, Philanthropy, Youth Philanthropy

A lot of organizations dread to hear the words donor fatigue. It means that there is a lack of cash flow, which can be intimidating to think about. However, there is are ways to remedy donor fatigue.

 

Host Engaging Events

If people aren’t engaged, they likely will not feel inclined to make donations. It is important to create a comfortable space that promotes socialization. One great way to make the events comfortable for donors is to host events that are not fundraising events. The organization does not have to pour a lot of money into these events. Hosting events that are not meant to bring in donations allows donors to create relationships and learn about the cause in a no-pressure environment.

 

Communication is Key

Donors need to know where their money is going and the impact it is having. If the organization does not have a consistent way to communicate with donors, it needs to get one stat! This can be through a newsletter, social media page, or even text updates. There are plenty of tools available online to help automate this process if the organization has a large number of donors.

 

Find Out Why Donors Leave

It is no surprise that the business will lose some of its donors eventually. Use this opportunity to learn why the donor stopped donating. This information is valuable as the business continues to grow its relationships with donors. Be sure to ask in a courteous and non-obtrusive way in order to keep the relationship with past donors positive.

Understanding Trends in Online Fundraising

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On January 13, 2020

In Community Engagement, Muhammad Babangida, Philanthropy, Youth Philanthropy

Americans are very giving as a culture. As technology evolves, it’s become important to target potential donors online. One example of this is the COVID-19 epidemic. Where traditionally many museums and other non-profits hosted big parties to raise money, many of those events have gone online. Organizations that have been light on their feet and quick to adapt have been able to continue to raise funds in spite of social distancing.

 

 Text-to-donate has also grown as a way to reach donors, particularly younger ones. People today are increasingly attached to their mobile phones. Smartphones have become the main place people organize their lives in many ways. And donors are willing to give via text in many cases. Organizations like the Red Cross have utilized this model with great success. Donors text a specific number, usually a 5-digit code. Donors are also willing to give to smaller, local charities they feel personally connected to with this model. Of course, it’s important to make sure donors are aware an organization is able to accept funds this way. Messaging via email or postal mail is a great way to make them aware of this. There are different software programs available to set this up. 

 

 Peer-to-peer fundraising is also a wonderful way for charities to increase online donations. Peer-to-peer means that people from the community ask their friends and family for donations. This is often done as a birthday fundraiser on platforms like Facebook. It’s a great way to keep giving at the forefront of a donor’s minds.

Millennials and Philanthropy

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On June 7, 2017

In Muhammad Babangida, Philanthropy

Wondering how to better market your non-profit or social cause to what has been called the most philanthropic generation yet? Read on to find out about the giving trends of millennials and what causes Millennials care about.

Here we have compiled a brief overview of the research on the general outlook of Generation Y on donations and philanthropy.

Millennials are close to running the world

Millennials or Generation Y are those born roughly between 1980 and 2000, succeeded by Generation Z or Centennials. As of now, Millennials constitute the biggest part of the global workforce – they are also the biggest buyers, driving consumption in most economies.

The engagement of Millennials in philanthropy is not the highest right now – Boomers and Matures or “The Silent Generation” make larger donations and greater overall donations annually. Generation Y’s paying capacity is going to increase greatly by 2020, as they mature and inherit more wealth from their predecessors.

Engaging the cautious Millennial in your cause

With millennials contributing to a growing share of the economy, they are an important source for fund-raisers. However, they are cautious investors and usually like to stay very involved in the activities of the organizations they donate to.

The “me me me” generation is perennially connected via social media. Any organization worth its salt in the 21st century needs to have a strong online presence. It adds a great deal of credibility to your brand image. Having 3 or 4 posts per year on your Twitter feed makes it seem like your company is either defunct or not very active. Updating your social media handles on a consistent weekly or even daily basis is essential to keep your audience involved.

Your biggest resource – The Millennial Impact Report by Achieve

The US national research group Achieve releases a comprehensive report on the habits of the Millennials and the causes they invest in. The Millennial Impact Report is a rich source of information on engaging this highly socially conscious generation. The 2016 Impact Report focused mostly on observing how the presidential elections would affect the issues that Millennials are interested in.

The main findings were along these lines:

Millennials don’t believe in the ability of government to bring about any change. The disillusioned generation places more emphasis on their personal responsibility to make the world better for everyone.

Despite willing to take more responsibility for the state of the nation, Millennials are less vocal about their stances than previous generations like the Boomers. Millennials tend to avoid conflict and argument.

Millennials display less allegiance to any particular political party and instead are more supportive of political figures who touched more on the issues they care about.

How all of this translates to your marketing campaign

Possibly because of the nature of social media and the availability of more information to us at any point of time, millennials are at any point aligned with 3 to 5 causes. The initial investment in any cause is small in most cases, the ones who stand out urge individuals to take further action and be more deeply involved. Acknowledgment from peers is highly impactful in helping the process along, and deeper involvement can be incited by making further action beyond the initial investment easier.

Millennials are deeply invested in social issues; this comes from an empathy knowing that they themselves or people close to them could be similarly affected. They are more responsive to cause-based marketing that directly invokes their empathy via human-centric imagery. Make your audience aware of the real issues that and struggles that people face and how your cause can alleviate them.

Guide to Founding a Charity

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On May 9, 2017

In Muhammad Babangida, Philanthropy

Section 501(c) (3) of the Internal Revenue Code (IRC) exempts nonprofit charitable groups from taxation, allowing financiers to deduct their donations to the groups while filing tax returns. Here are important steps to follow when starting a certified charity.

1. Know the different types of charity organizations you can start

There are different organizations based on missions. For instance, animal charities are concerned with the welfare of animals. Public charities receive most of the funds from the government while private foundations receive funds from small groups.

2. Confirm if your organization qualifies to be an IRC §501(c)(3) compliant

Your charity must be organized and managed just for “exempt purposes.” The exempt purposes include that the organization should run for public interest only.

3. Name your charity

The name to be used must adhere to rules set and be accepted by the Office of the Secretary of State among other conditions.

4. Set up a mission statement

A mission statement summarizes the importance and purpose of your organization. It is used in the filing of IRS and state files for the entity.

5. Incorporate the organization

This stage involves steps such as naming the corporation, the state of incorporation, and Articles of Incorporation among others.

6. Request a Federal Employer Identification Number (EIN)

In all your communications with the IRS, EIN must be used. An EIN is applied by filling the IRS Form SS-4. You should only apply for an EIN after your company is legally incorporated.

7. File to get tax exempt status

Send the correct IRS files to be considered for tax-exempt status by the federal and state government. You can use IRS FORM 1023-EZ or IRS FORM 1023.

8. Comply with charity regulations in your area

Different states, counties, and cities have different rules for charity organizations. You need to license and file the necessary annual reports.

9. Create a website

A great website enhances the credibility of your charity and ability to raise more funds. Your website should have your mission, testimonials, and charity activities you have undertaken.

10. Insure the charity

Choose the best insurance for your charity. You may need property and general liability coverage.

11. Plan how to raise money

The most difficult thing for many charities is to raise funds. Plan how to use various avenues such as social media and marketing to raise funds.

12. Minimize your costs

Many donors are concerned about how their contributions are used. Keep the administrative costs low to attract more donors.

13. Look for volunteers

Volunteers are crucial as they expand your mission and help in raising funds. The main advantage of volunteers is that they are not paid.

14. Deal with your employees appropriately

This involves offering your employees a fair salary. Look for employees who believe in your mission.

15. Other things

This involves activities like opening a bank account among others.

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