Charitable Profit Arrangement Services Donors and Nonprofits

Charitable Profit Arrangement™, an Arizona-based organization that matches donors with nonprofit organizations, has created a new fundraising tool for charities. The service allows private investors to allot a predetermined percentage of their quarterly return to the nonprofit organization of their choice. This shifts the focus for philanthropic activities from giving to sharing.

Charitable Profit Arrangement acts as a third party administrator to coordinate the contracts with all parties and the distribution of returns. Contracts between donors and their chosen charities can last for three years, five years, or the lifetime of the donor. This allows charities to be able to anticipate a quarterly return for a specific period of time.

Donors determine what percentage of their investments’ earnings to share with a charity, and may also choose to change their designated charity for the remainder of their contract if they have reason to question the use of their funds. All investments are held at Fidelity, a worldwide provider of financial services and investment resources.

“Fundraising is considered a laborious and time-intensive aspect of philanthropy, and can lead to employee burnout and high turnover,” said P. Joseph Phillips, founder of the Charitable Profit Arrangement. “The Charitable Profit Arrangement makes charitable donation easy, simplifies the development process and creates a mutually beneficial situation for both donors and nonprofits.”

The benefits to donors are significant because they receive a decent return and a tax deduction on the amount donated. They may also be inclined to give more generously, since it is sharing a return on investment rather than an out-of-pocket donation from their disposable income.

Phillips reports that feedback obtained from focus groups consisting of various nonprofits’ stakeholders has been very favorable.

The Charitable Profit Arrangement is now available nationwide and is accepting appointments from donors and nonprofits. The organization maintains the funds at the largest financial institutions which are regulated by FINRA (NASD) and SEC.

About P. Joseph Phillips

P. Joseph Phillips conceived the Charitable Profit Arrangement. He has been in the financial industry for more than 17 years, and is now devoted to his CPA Program and philanthropy issues. He frequently guests in Russ Wiles’ column in the business section of the Phoenix-based newspaper The Arizona Republic, and has been interviewed in USA Today’s business section, and other national venues

Article Source: http://www.share.onlypunjab.com

For more information visit www.CharitableProfitArrangement.org.

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