Data analytics provides solutions to many nonprofit challenges

If your nonprofit wants to improve budgeting, forecasting, fundraising or other functions but is having a hard time identifying both problems and solutions, data analytics can help. This form of business intelligence is already considered invaluable in the for-profit world. But it can be just as useful to nonprofits. Goal: informed decision making Data analytics […]

3 traits of growth-oriented nonprofits

What does it take to grow a nonprofit from a concept to a $2 million-plus revenue organization? A November 2016 study attempted to answer this question by surveying 200 social entrepreneurs funded by impact investing portfolios such as the Skoll Foundation and Silicon Valley Social Venture Fund. Even if your organization’s growth goals are relatively […]

5 tips to find and keep event sponsors

Your special event’s attendees are critical to its success. But for any successful fundraiser, individual participants and donors are only half the equation. Corporate sponsors are the other half, whether they’re local businesses, Fortune 500 companies or in-kind service providers. Here are five tips for finding — and keeping — these valuable supporters. Tip #1: […]

Volunteers are a valuable financial asset

How much are your volunteers worth? Independent Sector, a nonprofit advocacy group, has estimated the value of the average American volunteer at $23.56 an hour. Volunteers who perform specialized services — for example, an accountant who volunteers to prepare your nonprofit’s tax return — are, arguably, even more valuable. Whether your entire workforce is unpaid […]

How to execute a capital campaign

When your nonprofit desperately needs a new facility, costly equipment or an endowment, a capital campaign can be the best way to raise funds. But to be successful, a campaign requires strong leadership, extensive planning and dedicated participants. Leading the troops Capital campaigns generally are long-term projects — often lasting three or more years —and […]

What really motivates donors: New research suggests some surprising answers

What do charitable donors want? The classic answer is: Go ask each one individually. However, recent research provides some insight into donor motivation that can help your nonprofit grow its financial support. Taxing matters The biennial U.S. Trust® Study of High Net Worth Philanthropy, conducted in partnership with the Indiana University Lilly Family School of […]

A donation’s a donation … except when it’s a gift in kind

Some supporters give your nonprofit money, others give goods and still others give intangibles, such as use of a facility for a fundraiser. A donation’s a donation, right? Not quite. Under certain circumstances, gifts in kind and donations of services must be recorded and recognized at year end as revenue, expenses or assets. Here’s what […]

A cheat sheet on FASB’s proposed financial statement changes

Your nonprofit’s financial statements may look very different for fiscal years starting after December 15, 2017, than they do now. In April, the Financial Accounting Standards Board (FASB) made its final recommendations for changes to how organizations classify net assets and account for liquidity, performance and cash flows in financial statements. With the comment period […]

Use a Giving Day to Raise Money and Awareness

Do you have plans for November 29, 2016? If that date doesn’t ring a bell, your organization probably isn’t participating in #GivingTuesday. But considering the opportunities associated with it, maybe you should. What is it? #GivingTuesday was created to encourage Americans to contribute to charity during the holiday season, similarly to how they participate in […]