Access the latest news in the nonprofit sector.
The proliferation of technology tools available to help nonprofits can feel overwhelming. Some support efficiency through tracking; others identify opportunities to raise more funds for your mission. There are lots of tech products that can support your fundraising, but these three categories are must-haves for all development teams.
For almost every nonprofit organization, COVID-19 has placed a strain on essential resources in one way or another. Some are fighting to remain viable in the face of a total shutdown of their operating model. Others are experiencing skyrocketing demand and an outpouring of generosity from their communities. Still more are somewhere in the middle.
What all organizations have in common, though, is continued pressure to raise money at or above previous levels, all while trying to conserve resources in an uncertain environment.
To thread the needle between increased fundraising needs and scarce resources to meet those needs, you’ll need to think critically. Our Strategic Information Services team recently shared a process all organizations can follow—in as little as three weeks—to develop a crisis fundraising strategy using their donor data.
Beyond following that all-purpose process, we recommend using an approach tailored to the way the pandemic has impacted your organization. Below, we walk through fundraising approaches designed for organizations facing three different realities:
Regardless of industry or sector, the following truths about staff turnover seem universal:
Truth #1: Turnover is expensive and can have repercussions far beyond the position that is vacated.
Truth #2: Turnover is an opportunity to reframe and reconsider what an organization needs.
Based on the above truths, how can your nonprofit take advantage of the former while minimizing the latter? In short, by leaning on interim management to prioritize and maintain positive and productive relationships with key constituencies.
Five percent of all charitable dollars donated in 2014 went to donor-advised funds (DAFs). That $17.28 billion figure is slightly greater than the total amount given to the entire Arts, Culture and Humanities sector. Since its 2009 nadir due to the recession, total annual donations to DAFs have grown by 86 percent, and the number of DAF accounts has grown by 21 percent, to where they now outnumber foundations by a ratio of 3:1.
The buying and selling of art – especially contemporary art – has been in the news a lot lately. In May, Christie’s sold over $1 billion of art in just three days. Rival Sotheby’s did well too; its 63 lots of contemporary American art sold for an average of over $6 million each, totaling over $380 million.
