PayPal has Come to Israel and Nonprofits Yawn Their Indifference

PayPal is coming to Israel, reported Haaretz on September 13th. While this is great news for those individuals buying up those priceless items on eBay, nonprofits should be a little less enthusiastic. Continue reading

Today’s US Dollar & How it Affects Your (Nonprofit’s) Budget

Summary of US Dollar’s Recent Activity

The peaks in the dollar/shekel exchange rate this past year and a half make me more nauseous that the merry-go-round at the local playground (and they really make me queasy). The dollar tanked and leveled out against the shekel at an 11-year low in late May of 2008, trading for 3.24. As if to prove itself, the dollar then proceeded to rise faster than analysts had predicted, peaking a little less than a year later in Mach of 2009 at 4.25. Since those glory days of March, the dollar has plummeted against all of the world’s currencies. Specifically, the last six months have seen the dollar drop against: the Pound, 7.2%; the Shekel, 8.9%; the Euro, 8.7%; and the Yen, 10.6%. With world markets (and charities financed by donations in US Dollars) hanging on the dollar’s every move, things are, once again, looking just a tad scary. Not monster-in-the-closet terrifying, mind you, but enough to make me bite my nails more often than I should. Continue reading