If your nonprofit has primarily relied on baby boomers for its fundraising, it’s time to broaden your approach. While Boomers remain the largest donor demographic, younger generations are gaining ground fast. Generation (Gen) X, millennials, and Gen Z are already making an impact through their … Read More
According to a recent economic forecast, the likelihood that a recession will occur in the next 12 months has been steadily declining. However, a potential recession is not the only economic crisis that nonprofits need to be leery of in the current climate. A recent trend of major federal budget … Read More
With nearly two million nonprofits in the United States, you might fear that your organization will just get lost in the shuffle. In response, perhaps you’re tempted to develop a competitive mindset. After all, there are only so many donors and volunteers to go around, right? While there are … Read More
For nonprofits, it’s vital to consistently look for ways to keep costs down while also increasing your impact. Your mission demands you deliver high-quality services on a limited budget, which can be a challenge. But one strategy your nonprofit can benefit from is targeting sharing resources. … Read More
As a nonprofit — by definition, working for the greater good of society — you expect your organization to be liked by everyone. After all, who could be against a group working to improve the world around them? Still, at the heart of a nonprofit’s mission is trust, and while a 2024 survey from … Read More
You saw something in your community that could use help or needed fixing. That’s why you started a nonprofit or joined its board of directors. So you don’t want to let ineffective or dysfunctional board meetings keep your nonprofit from carrying out its mission. Estimates range from 66 percent to … Read More
When you joined your nonprofit, accounting may not have been on your list of new things to learn. However, understanding the key differences between nonprofit and for-profit accounting can help your organization make more informed decisions and better meet your goals. Nonprofit and for-profit … Read More
As a nonprofit, the penalties for excess benefit transactions can hurt your organization financially, possibly leading to a loss of tax-exempt status. These penalties can sink your reputation in the community as well, costing you valuable support. That’s a lot to lose and an incentive for you to … Read More
If you head a board of directors for a nonprofit, one of your number-one challenges is recruiting and retaining good board members. The prized community leaders you target for recruitment may want to help but fear that the work will overwhelm their schedule. And current board members may be … Read More
Every year, your nonprofit’s dance, dinner, golf tournament, or other event is well-planned, well-promoted, and well-attended. However, the donations you receive to support your worthy cause may not be as plentiful as you’d like. Fortunately, you have some control over this variable. Making … Read More
