Nonprofits have unique needs when it comes to financial management. If you’re looking for a bank as a new nonprofit or researching options in preparation for switching banks, don’t just settle for a business bank account. There are numerous factors you’ll want to consider for your bank account that are specific for nonprofits.
Donor retention is important. If you’ve been in the nonprofit space for more than a week or two, you’ve probably read all about it—how retaining donors is more cost-effective than acquiring new ones, how it’s an important part of building a sustainable fundraising program, and how focusing on retaining your donors should be one of your top priorities.
Grant management software is incorporating artificial intelligence (AI) and machine learning. These advanced technologies help nonprofits analyze data faster and more accurately and they provide insights into grant opportunities, assess eligibility, and track performance.
If your nonprofit is just dipping your toes into automation, the options can seem overwhelming at first, but the more research you can do upfront, the more likely you are to get exactly what you need.
Substack is a more user-friendly version of Medium that has garnered a large following. Many people regularly post on Substack. Initially, Substacks primarily focused on branding, organization, and food, but the platform's political content has grown, and now there are many notable political Substacks.
Digital tools are a critical part of sponsorships, which are the heart of a golf tournament’s fundraising power. Strategically designing sponsorships that include digital exposure boosts event revenue and keeps sponsors coming back year after year. Digital exposure can—and should—play a major role in your sponsorship offerings.
While organic social media fundraising may not yield immediate financial gains, it offers something more valuable – a community of engaged supporters who genuinely believe in your cause. This community can provide a steady stream of support, not just in terms of donations but also through advocacy, volunteering, and spreading the word.
Search Engine Optimization should be a top priority for nonprofits in 2024. By optimizing your content to maximize SEO, you’ll reach more potential new donors and supporters. ISEO can be a frustratingly long play since the process of getting indexed by search engines can take weeks or even months, but it’s worth it.
Request for Proposals (RFPs) are a critical tool for nonprofits seeking services from vendors or consultants. A well-crafted RFP attracts the right partners and lays the foundation for successful projects. Pulling from experience with thousands of RFPs, Prosal shares five best practices to enhance your RFP writing process.
Online silent auctions help non-profits raise funds effectively without having to organize a full-scale in-person event. However, one crucial factor that can make or break your silent auction’s success is the prizes you offer. Selecting compelling items that appeal to your audience can significantly impact your fundraising results.
Philanthropy is at an inflection point and fundraisers are looking opportunistically beyond cash and credit as their sole sources of funding. Now more than ever, nonprofits need to lean into non-cash giving in the form of stock, donor advised funds, and qualified charitable distributions.
Social media helps raise awareness about your cause and enables your nonprofit to connect with a wider audience and attract potential donors and volunteers. The good news is that you don't need a substantial budget to enhance your organization's social media presence.
Social media has seen some major changes over the past years, and to effectively use social media, you have to evolve your strategy alongside it. Make sure your social media is ready to go for Giving Tuesday to help your nonprofit maximize your fundraising efforts.