One of my favorite expressions is, “There is no such thing as standing still; you are either moving forward or backward.” We may feel as though we are standing still, but things are constantly shifting around us.
A tax break tilted toward the wealthiest Americans that Treasury Secretary Steven Mnuchin pushed this week would dampen charitable giving, according to some nonprofit-policy experts, providing more unsettling news to charities already worried about the impact of last year’s tax overhaul.
Many of us came up in a world of fundraising where we talked about the pyramid of giving. This was the concept that most nonprofit constituencies resemble a pyramid when you stack the number of donors at each giving level. A great deal of traditional fundraising theory and strategy is based on this concept. That is all well and good if your donor base is a classic pyramid. But, what if it’s not?
There are many challenges of starting a nonprofit, beyond getting 501 (c)(3) status, just as there are challenges in starting any for-profit business. Here are four common mistakes that we see new and emerging nonprofits routinely making and how you can avoid them.
Do you know how to talk about endowments?
Here are a few facts to help you brush up your endowment IQ.
Nonprofits face many of the same challenges as their commercial counterparts. They are under-capitalized, lack reserves to withstand a crisis or act on a special opportunity, and struggle to stay afloat from one pay period to the next.
So, how can small charities overcome these obstacles and improve their financial health?
“Perfection is the enemy of progress.”
While working with one of our private school clients, I was reminded of the of the “10,000 Hour Rule”. Some are endowed with “innate talent”…just born with that “it” factor that allows them to be successful in some particular discipline, but it takes practice to really make it happen.
The results are in and the Giving USA 2017 report reveals charitable giving hit a record high for the third straight year in 2016, reaching $390.05-billion.
News reports keep stressing that the economy is improving. Giving USA says giving to charity is rising. But how do YOU feel? Are things improving at your organization? You have a voice and should be a part of the Nonprofit Fundraising Survey, an important examination of fundraising being conducted by the Nonprofit Research Collaborative. We… Read more »