10 Things to Know About Non-Profit & Social Service Organizations

June 2, 2014
  1. Utah is the top state for charitable giving, thanks largely to the Mormon tradition of tithing. The typical household claimed charitable contributions totaling 10.6 percent of discretionary income, more than 3 percent ahead of the next most charitable state. —The Chronicle of Philanthropy
  2. The top 10 states for giving are: Utah; Mississippi; Alabama; Tennessee; South Carolina; Idaho; Arkansas; Georgia; Georgia; and Maryland. At the bottom of the list were the New England states of New Hampshire, Maine, Vermont, Massachusetts, Rhode Island and Connecticut. —The Chronicle of Philanthropy
  3. Board members are typically not liable for the debts of the nonprofit organization when the nonprofit is a corporation, but board members have a legal responsibility to exercise due care in the performance of their duties. —Nonprofit Risk Management Center
  4. Thirty-six percent of those who purchased directors and officers insurance reported having a claim in the last 10 years. Nonprofits had the highest proportion of those reporting claims at 63 percent, followed by public companies (33 percent) and private companies (27 percent). —Risk and Insurance Management Society’s 2012 Cost of Risk Survey
  5. Employment-related claims accounted for 85 percent of directors and officers liability claims in the U.S. from 2003 to 2012. —2012 Directors and Officers Liability Survey from Towers Watson
  6. Regulatory claims accounted for 39 percent of directors and officers liability claims in the United States from 2003 to 2012. —2012 D&O Liability Survey, Towers Watson
  7. Nonprofit CEOs earned an average of $118,678 in 2013. —The NonProfit Times 2014 Nonprofit Organizations Salary and Benefits Report
  8. National Public Radio, Untied Nation’s Children’s Fund, Wikimedia Foundation and World Food Program USA are the top five among a list of top 100 nonprofits on the Internet based on criteria including Facebook likes, Twitter followers and Google PageRank. —Top 100 nonprofits on the Web
  9. Topping the list of the 50 largest U.S. charities in 2013 were: United Way; Salvation Army; Task Force for Global Health; Feeding America; Catholic Charities. —Forbes’ 2013 list for The 50 Largest U.S. Charities
  10. United Way reported $3.9 billion in private support money in 2013. —Forbes’ 2013 list for The 50 Largest U.S. Charities

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Insurance Journal West June 2, 2014
June 2, 2014
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