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Ensuring Continuity: Succession Planning Strategies for Nonprofit Finance Teams

Blackbaud

Many organizations are finding it difficult to fill roles, especially in the finance department. Proper planning can allow your finance department to withstand any type of staff turnover or mobility in stride. But recently, increased demand for services and fewer people interested in joining nonprofits has made the situation worse.

Finance 105
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How to Streamline Your Data Entry and Reconciliation Processes with Integrated Fundraising and Finance Solutions 

Blackbaud

By integrating fundraising and finance systems, information flows easily from gift records to journal entries, saving time, reducing the risk of fraud, and simplifying audits. Here’s how a connected fundraising and finance system can simplify reconciliation for nonprofit organizations, and what it would look like in practice.

Finance 97
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Build Trust by Integrating Your Fundraising and Finance Systems

Blackbaud

This seamless flow of information is truly incredible, particularly when the data exchange is between finance and fundraising. When you unite your fundraising and finance systems, efficiency is simply the first win of many. Or, if a donor wants to know where their funds are going, pull up an accountability summary of the gift.

Finance 81
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Demystifying Grant Attachments: A Complete Guide to Boost Your Funding Success

Millionaire Grant Lady

Even if you know that the potential funding could be enormous for your organization, the process of dealing with so many details can be tedious, time-consuming, and disheartening. When you provide your most recent tax return or an audit, it shows that your organization keeps records and can be transparent with finances.

Funding 130
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Financial Sustainability for Nonprofits: 4 Considerations

Ann Green's Nonprofit

You’ll create strategic plans, brainstorm new projects and programs, and organize campaigns to raise the necessary funds to execute your ideas. To build capacity, you not only need to fundraise efficiently but also track and allocate funds to sustain your organization’s operations as it grows. Methodology.

Finance 147
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4 Ways Effective Grant Management Impacts Nonprofit Finances

DH Leonard Consulting & Grant Writing Services

However, proper financial oversight is critical to make the most of those vital funds. Effective grant management goes beyond tracking funds in your CRM its also about budgeting effectively, prioritizing programs that need financial support, and delivering timely reports to grantmakers. Focus on funding gaps.

Finance 52
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How to Evaluate a New Revenue Stream

Blackbaud

Ask the finance team. Finance teams can help their nonprofit organizations evaluate new revenue streams, enhancing the organizations stability and mitigating risk while intentionally experimenting with varied income sources. Even your IT team suggested selling the research tool they built to other organizations.

Finance 105