News (1466)

Tech To The Rescue: Nonprofits Get Easier Grant Management with New Solutions

In a recent discussion, the CFO of a mid-sized nonprofit revealed a common misconception: that transitioning from corporate to nonprofit roles would be easier. In reality, CFOs in nonprofits are often faced with the challenge of managing restricted grants, which come with strict requirements. These grants are donations given with specific conditions, such as earmarking funds for a particular purpose or limiting how the money can be spent. To make matters more difficult, nonprofits typically have six months or less of cash reserves. To help with this issue, new solutions are emerging that can simplify grant management for nonprofits.


Nonprofits Can Unlock Six Value-Driven Opportunities Through Digital Transformation: Report

A new report from Info-Tech Research Group has revealed that nonprofits can unlock six value-driven opportunities through digital transformation. The report found that digital transformation can help nonprofits to increase their efficiency, reduce costs, improve customer experience, and gain insights into their operations. Additionally, the report highlighted the importance of investing in technology and developing a digital strategy to ensure long-term success.


Shift4 and Give Lively Join Forces to Create a Revolutionary Fundraising Solution for Nonprofits

Shift4, a leader in integrated payments and commerce technology, and Give Lively, a pioneering fundraising platform, have announced a partnership to provide a powerful fundraising solution to nonprofits across the United States. The partnership will benefit nonprofits by providing them with a free service to help them raise funds. The Global Citizen Festival was the setting for the announcement of the partnership, which will help to reduce the burden of expensive fundraising platforms.


Tech Impact and Message Agency Join Forces to Provide Robust Digital Solutions to Nonprofit Sector

Tech Impact, a nonprofit that uses technology to advance social impact, recently announced a merger with Message Agency, a digital agency and B Corporation headquartered in Philadelphia. This merger will enable Tech Impact and Message Agency to empower nonprofits, foundations, higher education, and government organizations with innovative digital products and solutions. The two organizations will collaborate to provide a range of services, including digital strategy, web design, web development, and digital marketing.


16 Valuable Skills That Will Set You Apart When Transitioning To The Nonprofit Sector

Working professionals these days are less likely to remain at the same organization for the entire duration of their career. Instead, many are opting to explore their options and venture into different industries, resulting in them gaining and honing qualities and skills that contribute to their success in the workplace. As experts, the members of Forbes Nonprofit Council have experience hiring and working with professionals that have pivoted from the for-profit world to a nonprofit organization. Below, 16 of them each share one valuable skill or trait they’ve found in these transitioning employees transitioning and why it makes them such an effective addition to the team.


Nonprofit Software Market to Reach New Heights by 2023-2030

A new report released by Benzinga Research has revealed that the Nonprofit Software Market is set to experience significant growth in the next few years. The report highlights the key trends, opportunities, and challenges that will shape the market in the coming years. It also provides an in-depth analysis of the market size, growth, and competitive landscape. According to the report, the Nonprofit Software Market is expected to reach a value of USD 6.1 billion by 2023-2030.


Nonprofit Leaders Get the Latest AI Technology to Help Serve Communities

The artificial intelligence boom is in full swing, with AI tools like Jasper and ChatGPT taking over workplaces and AI-based chatbots playing a role in the way we shop and learn. Salesforce is looking to extend the potential of AI to nonprofit organizations, which provide a vital lifeline to underserved people and communities worldwide but often lack the resources to adopt new technologies. Salesforce is offering training and resources to help nonprofit leaders learn how to use AI to automate mundane tasks and support new tools for the people and communities they serve.


Nonprofits Make a Rare Deal - Just Like Corporations Do

The philanthropy research organization Candid and the Council on Foundations, the association of nearly 900 nonprofit members, have made a rare deal that would be commonplace for a corporation or a sports team. Candid will send control of its CF Insights website and the staff that gathered information about community foundations to the Council on Foundations. This shift will allow Candid to focus more sharply on priority areas – including diversity, transparency and effectiveness in the sector – while providing its CF Insights information a larger audience and the potential to expand.


Florida Nonprofits Prove Their Value and Need

According to a report from the Florida Nonprofit Alliance, there are more than 100,000 registered nonprofits in the Sunshine State, and 22,710 of them have a significant impact on the state's economy. The report analyzed organizations that had filed a Form 990 within the most recent four years, generated annual income of $50,000 or more and self-reported as 501(c)(3), 501(c)(4), 501(c)(5), or 501(c)(6) nonprofits. These nonprofits employed 456,881 individuals, paid average annual wages of $60,323, and pushed nearly $27.6 billion in wages into the Florida economy. During 2022, Florida nonprofits generated $116.5 billion in revenue, up 21% from the previously measured level. The state’s top three counties – Miami-Date, Palm Beach and Orange – accounted for 30% of that. Similarly, the $255.4 billion in total net assets among nonprofits analyzed represented a 28% gain over previous levels, and the $160.3 billion in income was 23% higher than reported in the 2020 report. 


Nonprofit Payment Gateway Software Market Set to Explode in Size by 2023

According to a recent article from Benzinga, the Nonprofit Payment Gateway Software Market is expected to grow significantly over the next seven years. The article cites a report from Benzinga which states that the market size will reach $XX billion by 2023, and continue to grow until 2030. The report also provides historic data and new benchmarks for the market.


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