Infinite Giving, a financial service firm for nonprofits, is working to build more sustainable nonprofits by helping them with investment opportunities. According to Infinite Giving CEO Karen Houghton, the firm offers a multitude of services for nonprofits, which are all designed to help them grow. These services include helping nonprofits manage their cash reserves, create and manage endowments, and receive high capacity asset donations such as stock, cryptocurrency, and donor advised fund grants. Houghton also notes that small to medium sized nonprofits often lack equitable access to investment strategies and asset giving, and that 90% of nonprofits in the United States don’t have a brokerage account, which means they can’t receive stock gifts to grow their giving. To help nonprofits navigate through these issues, Infinite Giving is providing financial stewardship that helps nonprofits acquire competitive rates and become FDIC insured on their reserves, as well as an easy process to open a brokerage account in 20 minutes.
Opinion:
It is encouraging to see a financial service firm like Infinite Giving working to help nonprofits become more financially secure. However, it is clear that there is still a long way to go in terms of providing equitable access to investment strategies and asset giving for nonprofits. It is important to recognize that while Infinite Giving is making strides in this area, there is still a need for more organizations to step up and provide support to these nonprofits. It is also essential to ensure that nonprofits have the resources and support they need to make informed decisions when it comes to their finances.
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