Victor Jung is a committed philanthropist from New York City

Category: Philanthropy Page 1 of 5

valentine day silent auction victor jung

Valentine’s Day Charity Event Ideas: A Guide to Hosting a Silent Auction

Valentine’s Day is a special time of year when people express their love and affection for one another. But it’s also an opportunity to give back to the community and make a positive impact on the lives of others.

One way to do this is by organizing a silent auction as a charity event. Not only is it a fun and unique way to raise money for a good cause, but it also offers attendees the chance to bid on some truly unique items.

One of the top silent auction items that is sure to draw a lot of attention is a luxury vacation package. Imagine bidding on a trip to a tropical paradise, complete with airfare, accommodation, and all-inclusive meals and activities. This is the kind of experience that people will be willing to pay top dollar for, and it’s an excellent way to raise money for a charity.

Another popular item for a silent auction is an exclusive dining experience. This could be a private chef’s table at a top-rated restaurant, a wine tasting at a vineyard, or a cooking class with a celebrity chef. These types of experiences are not only unique, but they also offer a chance for people to indulge in something special and make lasting memories.

Original artwork or limited edition prints are also a great option for a silent auction. Not only are they beautiful to look at, but they also have the potential to appreciate in value over time. This makes them an excellent investment for art collectors and enthusiasts.

For sports fans, autographed sports memorabilia is another great silent auction item. This could be anything from a signed jersey to a ball or bat used by a famous player. These items not only have sentimental value, but they also have the potential to increase in value over time, making them a great addition to any sports fan’s collection.

For tech enthusiasts, high-end electronics such as smartphones, laptops, or tablets are also a popular choice for a silent auction. These items are in high demand, and people are often willing to pay a premium for the latest technology.

Jewelry and watches are timeless classics that never go out of style. They are perfect for Valentine’s Day silent auction, because they make great gifts for loved ones. They can range from simple and elegant to extravagant and luxurious, and they are sure to appeal to a wide range of people.

Spa and beauty treatments are also a popular choice for a silent auction. These items offer a chance for people to pamper themselves and relax, and they are perfect for couples or friends looking for a day of indulgence.

Finally, VIP concert or event tickets are a great silent auction item. They offer a chance for people to see their favorite artists or teams in a VIP setting, with exclusive access and special perks. This is the kind of experience that people will be willing to pay top dollar for, and it’s an excellent way to raise money for a good cause.

In conclusion, a silent auction is a great way to raise money for a charity on Valentine’s Day. The items listed above are just a few examples of what can be offered, but there are many other options as well. With the right items and a well-organized event, a silent auction can be an incredibly successful and enjoyable way to give back to the community on Valentine’s Day.

 

Philantrophy Spotlight – Children’s Scholarship Fund

Children's Scholarship Fund - Victor Jung

Nonprofit Overview

CausesEducationElementary & Secondary SchoolsLiteracyPrimary & Elementary SchoolsScholarshipsScholarships & Student Financial AidStudent Services

Mission: The Children’s Scholarship Fund aims to maximize educational opportunity for all children: for those in need by offering tuition assistance in grades K-8 for alternatives to faltering conventional schools, and for all children by supporting and cultivating education reform and parental choice efforts.

Results: Since our inception in 1998, CSF has provided scholarships worth $934 million, changing the lives of more than 191,500 low-income children.

Target demographics: Low-income families with children in grades K-8.

Direct beneficiaries per year: In 2020-21, CSF and CSF partner programs served more than 23,600 children who used scholarships to attend the private schools their families chose for them.

Geographic areas served: 23 cities and states

Programs: We provide partial tuition assistance for low-income families to send their children to private schools in grades K-8. We focus on the earlier grades to ensure a solid educational foundation. Since our inception, 191,500 children have benefited from our scholarships across the United States as part of our mission to expand choice in education. Currently more than 25,000 children are using CSF scholarships (2021-22 school year). These children are attending the school of their families’ choice through the generosity of our donors, the efforts of our partner programs across the country and the sacrifices made by the families themselves, who pay – on average – 50% of their children’s tuition.

Accepting Crypto Donations

The world is changing, which means philanthropies and nonprofits are taking leaps forward alongside technology. These days, the financial and technological world has been captivated by cryptocurrency.

 

A cryptocurrency is essentially a digital form of payment. Typically, cryptocurrencies are not connected to any governing body or bank, allowing users to sell, trade, or buy them as they see fit.

 

Most recently, people have begun to experiment with other uses of cryptocurrencies. For example, it is not unheard of these days to find a job offering payment via cryptocurrency. Now the idea has trickled into the world of nonprofit organizations.

 

Crypto Donations

 

The crypto world hit news organizations worldwide hard when Ethereum co-founder Vatalik Buterin did something surprising. He donated approximately one billion dollars worth of cryptocurrency (shiba inu coin) to a Covid-19 relief fund in India.

 

Given the highly flexible nature of cryptocurrencies, this generous move was followed by a decrease in value towards the coin. This does not negate the generous action. Interestingly, it seems that Buterin was gifted the money (by the founders of the shiba inu coin), which he chose to pay forward.

 

Buterin’s move has opened the eyes of many, as nonprofits realize they must adapt to accepting new forms of donations. In recent years, thanks to the pandemic, many have already switched to accepting digital contributions. Now it is time to take that one step further.

 

There are many reasons why donors may choose to pay with cryptocurrency instead of more traditional funds. For one thing, some find cryptocurrencies to be more accessible. Additionally, the IRS has labeled cryptocurrencies as a form of property instead of currency. While that doesn’t sound like much, this changes the donations and charitable gifts regulations. Whether or not this will change remains to be seen.

 

What Nonprofits are Accepting Crypto Donations

 

One might be curious to learn which goodwill, societies, and nonprofit organizations have adapted to these new changes. As we already discussed, charitable organizations have already had to make many changes in recent years to survive the pandemic. Thus, they were already poised for further changes.

 

Children-centric organizations such as Save the Children, World Vision, and No Kid Hungry made great leaps this year when they accepted the digital currency. The American Cancer Society likewise accepts cryptocurrencies from donors, as does the Leukemia and Lymphoma Society.

 

The Water Project is another organization accepting cryptocurrencies. The Water Project aims to create easy access to clean and potable water in Sub-Saharan Africa. 

 

Unsurprisingly, many internet and tech-based organizations now collect cryptocurrencies as a form of donation. These organizations include Code to Inspire, The Electric Frontier Foundation, and the Tor Project.

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The Big Picture Benefits of Philanthropy

Philanthropy is an intensely popular industry that encourages people to give back to their communities. Whether through corporate giving or personal volunteerism, the more people give back each day, the more people in need get the help they’re looking for. In the short term, philanthropists gain instant gratification from knowing that they’ve done something good to help their fellow humans—this is what most people chase when beginning their philanthropic journeys. 

 

What many people don’t know is that practicing philanthropy can benefit the philanthropist, those they are helping, and society as a whole in the long run. No matter how people practice charitable giving, there’s no doubt that helping others is a crucial part of personal and professional success.

 

Take, for example, corporate giving. Many businesses take part in charitable giving through company-wide donations and giving their employees paid days off for volunteer work. This is crucial for company culture as it builds a strong sense of community between coworkers, increases productivity in the workplace, and forms loyalty among employees and their employers. 

 

Philanthropy can also give companies a huge PR boost when they act charitably. By donating money to non-profit organizations, businesses will gain positive exposure and improve their reputation with customers, employees, partners, and the community. The better a business’s reputation is, the more sales they’ll ultimately make—roughly 90% of customers will shop at businesses that actively support a cause. In the same grain, Millennial job seekers are much more likely to apply to a company that supports a cause because they’ll feel a sense of purpose while working there.

 

Charitable giving impacts people individually as well. Parents can teach their children about the importance of helping others when participating in philanthropy and build on a child’s emotional intelligence. Many non-profits are involved in projects and events, providing parents with another teaching moment for their children: they can teach their children how to set goals, manage money, and plan projects correctly. These children typically end up being adults who continue volunteering and helping their communities. 

 

Additionally, philanthropy can vastly improve a person’s health. The body is actively moving while volunteering and working, which keeps people active for however long they work the charity event. Helping others can increase a person’s mood, reduce stress, stave off loneliness, and combat symptoms of depression. 

 

No matter how people give back, it’s clear that philanthropy is beneficial to society in the long run. The more people participate, the happier they, and their communities, will be.

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COVID-19’s Impact on Donating

After more than a year and a half of the world feeling the effects of the COVID-19 pandemic, some industries remain limited, while others have adapted to continue progress one way or another. Donor behavior is one facet of philanthropy that has shifted for the better.

According to a survey conducted in March 2020 by Fidelity Charitable, 54% of donors planned to maintain their regular giving habits, while a surprising 25% planned to actually increase their donations. Younger generations have also pledged to donate more of their time and resources in the wake of the pandemic. 46% of the millennial generation, specifically, said they would start donating or continue to donate to COVID relief organizations.

In terms of what exactly donors aimed their philanthropic sights on, health-related nonprofits were of the most important. A majority of the population was concerned about the health and safety of frontline workers and people who were considered “at-risk.” However, knowing that nearly every industry in the world was impacted in one way or another, a portion of donors wanted to ensure that arts and entertainment did not fall by the wayside as well.

While the pandemic’s impact on donor habits has been trending positively, there are still a few fields that have been, and will continue to be, negatively impacted, such as volunteering. With social distancing being strongly encouraged, if not made mandatory, across the world, nonprofits that rely heavily on volunteers have seen a steep decline in their returns. Fidelity Charitable found that almost half (47%) of all volunteers stated that their time spent volunteering would either decrease or stop altogether amid the pandemic.

Another problem many donors have been facing is a general lack of information on where they should contribute in order to support combative efforts against COVID-19. One-third of the donors surveyed stated they were unsure what pipelines of philanthropy would be best to truly aid the fight in ending the pandemic. The number of confused donors only increased with age, as 35% of Baby Boomers stated they did not have enough information, versus 27% of millennials.

The fact that donations have continued and a clear need to help remains on the minds of donors is a positive sign in itself. For individuals not working in any facet of the healthcare industry, donating your time and finances is a guaranteed way to make an impact, as small as it might be.

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