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How to Manage Your Arts and Cultural Nonprofit’s Revenue Streams in Uncertain Times

Blackbaud

Revenue diversity is a good hedge against the unexpected, but diversity alone is not enough when your budget is threatened or dismantled by outside forces. Use budget scenarios to plan for possible outcomes and contingencies. But creating budget scenarios helps you prepare for both the good and the less optimal outcomes.

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Project Budgeting for New Grant Writers

Peak Proposals

Grant proposals have at least two parts: the project narrative and the budget (aka cost proposal). There may not be a division of responsibilities between the cost and narrative proposals at a small nonprofit, leaving the project lead (or the grant writer) to both write the proposal narrative and prepare the budget.

Budget 69
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5 Ways Fund Accounting Simplifies Food Bank Reporting

Blackbaud

Your food bank needs accounting software that can help you manage a variety of funding sources while also helping you make strategic, data-driven decisions based on inventory and forecasted community demand. Tracking one grant award outside of your accounting software is not ideal, but manageable. It’s several.

Funding 98
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4 Tips for Organizing a Nonprofit Auction That Drives Impact

Pamela Grow

Plus, they have the potential to raise thousands of dollars for your mission through winning bids on items, entry fees, and additional donations made during the event. Your team will need to manage many moving parts, budget carefully, and stay organized to achieve your event fundraising goal. That being said, let’s dive in!

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9 Best Practices for Strong Nonprofit Financial Management

Blackbaud

Nonprofit financial management is the process of managing the money that flows through your not-for-profit organization. In a perfect world, your budget will always be balanced. How to do it Pull a list of your income sources from your accounting system or fundraising software. What is Nonprofit Financial Management?

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Your Unrestricted Funds Need Stewardship, Too

Blackbaud

A lot of individual donations, like ones that come through your organization’s website or through the Annual Fund, are often unrestricted. Trust-Based Philanthropy puts relationships at the center of a donor’s giving and encourages the donor to do the research instead of having the nonprofit jump through hoops for funding.

Funding 111
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Fees: The Four-Letter Word in Fundraising Software

GiveSmart

It is the four-letter word in fundraising software. Educate yourself on the types of fees that are part of fundraising software and you can then keep the other four-letter words out of the process. Types of Fees Platform or Software Subscription Platform subscriptions cover actual software usage.