(Phoenix Business Journal) Generating nonprofit funding requires a touch of techie know-how. Google Business Development Manager Jaime Casap led a presentation on drumming up funding for nonprofits during the Third Annual Nonprofit Business Summit. “The future is social,” Mr. Casap said, “Social is going to be huge.” Youtube, Twitter, Facebook, and mobile device applications are essential vehicles for nonprofit success. Mr. Casap cited the American Red Cross, which raised $47 million for Haiti relief through text messages alone, as an example. “They get it,” he said. Mr. Casap further emphasized the importance of website accessibility, saying that nonprofits must clearly state their missions and goals and then have a place for viewers to donate.
(ABC News) Campaign finance laws limit donations to political candidates, party committees, and PAC’s to $115,500, an amount equaling the mere hourly wage of some hedge fund managers. An analysis from ABC news’ Center for Responsive Politics reported that the five biggest hedge fund donors contributed most of their money to Democrats. Here is a brief summary the top five hedge fund donors, disclosed by ABC news:
- Mr. Jim Simons, founder of hedge fund Renaissance Technologies, gave almost all of his $94,100 donation to Democrats, including Senators Harry Reid (Nevada) and Chris Dodd (Connecticut), and Charles Schumer (New York)
- Mr. Eric Mindich, former Goldman Sachs trader, gave $89,600 to Democrats alone, including Senators Reid, Dodd, and Kirsten Gillibrand (New York).
- Mr. Michael Sacks, CEO of Grosvenor Capital Management, gave $76,425 to Democrats alone, including $1,000 to House Speaker Nancy Pelosi (California) and $2,300 to Senator Al Franken (Minnesota).
- Mr. Henry Laufer, a part of Mr. Simons’s Renaissance Technologies, gave $73,600 to Democrats alone. HILLPAC, the PAC initiated by Hillary Clinton to help Democratic candidates, was one of the beneficiaries.
- Mr. Scott Nathan, who works for the Baupost hedge fund in Boston, donated $73,050 to Democrats alone, including $4,800 to Alan Khazei who failed to fill the late Senator Ted Kennedy’s seat.