The rise of the generative AI writing tool, ChatGPT, has captivated the global audience, achieving a milestone of over 100 million monthly active users within a mere two months—a feat that notably outpaces the growth trajectories of established platforms such as TikTok and Instagram. This surge in AI adoption brings forth a transformative opportunity for […]
In response to the challenges brought forth by the COVID-19 pandemic, nonprofits and funders are reassessing their collaborations to address immediate needs and prepare for the future. Amid growing calls for equitable grantmaking and heightened awareness of economic disparities, funders are grappling with the most effective ways to support nonprofits. While general operating support and […]
The capability of the nonprofit sector to initiate systemic social change has been a persistent question. Despite past attempts to reform elements such as board effectiveness, fundraising strategies, and foundation-led initiatives, shortcomings have led to a reevaluation of the fundamental assumptions guiding these efforts. The current imperative is to embrace a transformative shift that transcends […]
There are many stages in the lifetime of a nonprofit when it may be valuable to bring in outside support. Consultants can provide an unbiased perspective, beneficial expertise, or much-needed capacity, to help an organization address a specific problem or achieve an identified goal. With so many options, it may be difficult to find the […]
Conversations about the decline of charitable giving often center on only one-half of the fundraising transaction: the donor. Good development professionals understand that philanthropy is not a one-way street. It is incumbent upon organizations to craft effective strategies and build positive relationships with their supporters to ensure the success of their fundraising efforts. This article […]
In the nonprofit world, your focus is solidly on your mission. As a result, discussion about money can often be reactionary, leaving you at a disadvantage when it comes to establishing sustainable funding to support important programs and services. A more effective strategy for achieving a sound financial position is to take a page from […]
Whether or not you have a head for numbers, you can’t deny that accurate budgets are essential to running an effective agency. A budget is a guide that helps you understand what to expect in the coming months, measure progress against your predictions, and evaluate your mission’s overall success. The care you put into crafting […]
With limited money and staff time, it may seem logical that most nonprofits dedicate the majority of their resources to providing direct services to clients. Often this means that upgrades to technology rank low on the priority list…if they rank at all. But when agencies aren’t run efficiently, it is the mission that ultimately suffers. […]
As economic challenges persist and the potential for recession grows, organizations must build resiliency to survive. Nonprofits can no longer depend on the grants and donations they’ve historically relied upon. But that doesn’t mean your agency can’t still thrive! Embracing uncertainty and anticipating change is the key to maintaining stability, no matter what the future […]
Donor-advised funds (DAF) are a rapidly growing source of fundraising income for non-profits, with a 28.2% increase in funds granted by DAFs and a 46.6% growth in contributions made to DAF accounts in 2021. Effective organizations are implementing strategies to maximize their success in this quickly expanding revenue stream. Though DAFs have been around since […]
