Today at Fluxxcon we announced some exciting new product features which enhance Fluxx’s ability to facilitate true collaboration between givers and doers.
In 2015, the Jessie Ball duPont Fund was wrestling with the same issues many foundations still struggle with today: how to maximize their impact and improve operational efficiency without further burdening grantees. The Fund – which in 2017 granted 146 grants totaling nearly $5.4 million – was searching for a cloud-based, feature-rich management platform that enabled the grants management team to streamline their day-to-day work.
Photo by Ingrid Damiani for the Jesse Ball duPont Center
Here at Fluxx we work with both funders and grantees, giving us a unique insight into just how much money is invested in the philanthropic sector. Last year alone, $5.2 billion moved through our platform in the form of grants. This money went from foundations straight to the trusted nonprofits they fund, who then affected meaningful change across communities worldwide.
Recently, Fluxx Co-founder and Chief Development Officer, Kerrin Mitchell, and Fluxx Chief Evangelist, Dan Schoenfeld, delivered an illuminating webinar: 4 Ways in Which Technology is Changing Grantmaking. The webinar brought context to key trends we’re seeing in philanthropy—specifically how improved technology has resulted in optimization and success for both foundations and nonprofits.
The Giving USA annual report on the state of philanthropy, which was released last month, reveals that Americans are giving more than ever (including when measured using inflation-adjusted dollars): $410 billion in 2017. (From 2007 through 2017, giving went up $99 billion in current dollars.) As in previous years, the types of organizations that received that money were mostly religious ($127 billion) and educational ($59 billion). Meanwhile, donations to foundations were up 15.5% and, of all types of recipient, foundations saw the highest growth rate over two years.