Management Features

Management Features (334)

What is Your Nonprofit's Funding Model?

Money is a crucial necessity that keeps any nonprofit in operation. It is for this reason that this is the leading topic of conversation among professionals in this sector. Among the key points of discussion is where money can be obtained for, why there is less money and how much money is needed to fund a particular cause.  These questions become even louder in tough times like we are today. The answers to these questions cannot be obtained easily. As a nonprofit leader, here are some nonprofit funding models that you need to acquaint yourself with to maneuver the ever-dynamic charity landscape.

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Don't Struggle With These Issues - Resolve Them

From poor fundraising strategy to bad causes and initiatives, nonprofits always face numerous challenges in the modern world where running a successful charity requires concrete strategy and aggressiveness. Despite many successes that you might encounter in the beginning as a nonprofit leader, the road might not always look as easy as it might appear at the start. While you might have the money to fund your project in the beginning, expansion will lead to many other financial challenges that can affect your operations. Here are issues that you must resolve to keep your nonprofit going.

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Finance Tech Helping Communities Impacted by COVID-19

The coronavirus pandemic hit rural communities hard, and the number of confirmed cases in those regions are rising steadily. Though there are benefits to living in a less populous area during a pandemic, there are several unique challenges: economic and financial vulnerability, limited resources, and most people living in rural communities are blue collar workers and likely lost their jobs at the onset of the shutdown or are risking their lives to go to work every day.

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The Most Generous Companies and Individuals

Donations are incredibly valuable to charities, and giving to charity is part of the missions of some of the biggest companies and CEOs around the world. We’ve taken a look at the several data sets on charitable companies, philanthropists and individuals around the world to find out who is the most generous when it comes to sharing their profit or wealth with others.

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Raise Funds for Your Nonprofit by NOT Doing These Things

From the success and failures of nonprofits, it has become clear that successful fundraising is both an art and science. It requires a lot of hard work and dedication and the ability to read the changes in the environment for the right fundraising programs to be developed. While these are the most critical aspects that are needed for a nonprofit to survive, you have to know the dos and the don’ts if you are to survive the fast-changing nonprofit environment. However, the most crucial part is to identify the things that you should avoid for you to succeed.

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Are You Addressing These Nonprofit Management Issues?

Nonprofit organizations are facing many challenges now than ever before. Some of the challenges that they encounter are associated with the changing nonprofit environment and regulations. However, the most notable issue involves failure to execute five areas of great importance properly. These areas are mission focus, succession planning, nonprofit board of governance, development, measurement of performance, and raising funds. These are the areas that successful nonprofits have mastered well, but those who fail, on the contrary, have failed to crack, leading to perennial issues in their organizations, that in the end bring them down.

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Cryptocurrency Marks a New Path for Nonprofits

The digital revolution is making its way into nonprofits and is inspiring charitable giving. All this began in the past decade, that saw diverse giving channels and donation options that were guided by technology. According to a report by Blackbaud, online giving has increased from 6.4% of all giving back in 2013 to 8.5% in 2018. Among online giving methods that have been adopted widely by nonprofits are cryptocurrencies. Hundreds of millions of dollars in cryptocurrency have been donated to many nonprofits. This includes the notable ones such as Fidelity Charitable and Wild Life Fund, that received $100 million and $4 million in cryptocurrencies respectively.

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Will Nonprofits Leave Facebook?

 Facebook donations have given nonprofits the ability to fundraise from their donors on the world’s leading website with much ease.  With just a Donate button on Facebook, fundraisers can get funds for different causes from all over the globe. While the help that nonprofits have received from Facebook cannot be downplayed, some nonprofit leaders are concerned with the changes that are affecting their charities. Some of these leaders are discussing the possibility of leaving Facebook entirely due to the increasing perception of censorship imposed on nonprofits’ messaging, which puts barriers between them and their donors. One of the reasons that might have informed the decision by Facebook is the Cambridge Analytica saga that led to massive disinformation and data collection.

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Create Your Nonprofit's Strategic Plan

Creating a strategic plan for your nonprofit is one of the methods of ensuring that your mission is well understood and achieved. The strategic plan puts your mission into goals that are not only easy but also measurable and easy to track. It defines where your organization wants to go and outlines how you should get there. Since the business environment changes along the way, your strategic plan also should be flexible enough to address the changes as this will make the plan valuable in guiding your nonprofit to success. As a leader of a nonprofit, a strategic plan will help you land more opportunities and have a template that will guide you to offer top-notch services, ideas, and priorities. Nevertheless, the question that many people ask is; what is a strategic plan?

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Grow Your Nonprofit Using These Strategies

Growth is not a hard thing to recognize in a nonprofit organization. In fact, you can easily find out how your nonprofit has grown over time by simply looking at the total fundraising revenue from one year and comparing it with the previous years. However, what is difficult is finding out precisely how you have come from a specific time to where you are at the moment. Understandably, there are many worthy nonprofits out there, only a few of them have efficient programs that are holistic and capable of withstanding the taste of time. 

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