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How to Develop Your Nonprofit Operating Reserves

Blackbaud

Find the Right Number for Your Nonprofit Operating Reserves The Nonprofit Operating Reserves Initiative (NORI) Workgroup suggests that the minimum operating reserve ratio at the lowest point during the year should be 25 percent, or about three months of the annual operating expense budget. However, this is not a universal benchmark.

Contract 102
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Build Trust by Integrating Your Fundraising and Finance Systems

Blackbaud

Nonalignment means you might only redo your acknowledgment letters once a year, after your annual report has been published, when the info is readily available. Budgeting: If you can track goals and budgets in your software, are you doing so? You also must follow up by sharing how well you did, the results you achieved.

Finance 80
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Simplify Fundraising Operations with the Right Tools

DoJiggy

Are there any fundraising tools that can help with financial management, event planning, international operations, or donation organizations? Event Management Software can simplify ticketing, registrations, and event promotion. Create a Timeline Break down tasks into manageable steps with deadlines. Sure, there are!

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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Let’s face it—budget planning can cause a lot of stress and anxiety for nonprofits. Most organizations face frequent budget cuts, which creates organizational uncertainty and a scramble for new funding options. Analyzing your budget this way also allows you to understand the ROI of each program.

Finance 118
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Growing Federal Interest in Data Creates New Realities for Grant Reporting

Grant Professionals Association

The uniform guidance, legislation, the eGovernment Initiative, presidential memoranda, and the management agendas for the past two very different presidents have all pointed to the strategic management of data, particularly federal spending and performance data, all of which affects financial assistance. GPC Competencies: #1

Grants 52
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How to Secure Corporate Grants: Strategies for Nonprofits

Just Write Grants

Many companies publish their giving priorities and eligibility criteria on their websites, making it easier to determine if your nonprofit is a good fit. Engage with key stakeholders, such as corporate social responsibility managers, community relations officers, and foundation representatives.

Grants 52
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How to find free things: nonprofit students edition 

Candid

As a nonprofit management student, preparing to enter this field can be challenging because it’s still developing. You can review nonprofits’ tax returns on GuideStar to find out more about their budgets, expenses, and how much top salaried employees are paid. Additionally, GuideStar is a helpful tool for post-graduation job hunting.