Pamela Grow

MAY 2, 2024

Keeping thorough, accurate records of your organization’s finances allows you to know how much funding you have on hand and effectively allocate it to further your mission. Of the data your nonprofit collects , financial information is one of the most useful types—and one of the most complex to track. future growth.

Nonprofit 147

Nonprofit Finance Software Management 147

Blackbaud

MARCH 21, 2024

Any major project—such as implementing new fund accounting software—needs a well-developed charter to keep stakeholders focused on the goals and desired outcome. Give your project an easily identifiable name, such as Fund Accounting Software Implementation. Goals and Metrics What does success look like?

Software 92

Software Funding Metrics Goals 92

Blackbaud

JULY 24, 2024

Having multiple people working on your organization’s finances helps ensure accuracy—not only by delegating tasks efficiently, but also by allowing for additional review of records and reports. What practical steps can we take to get this organization where it needs or wants to be with its finances? Tracking financial metrics.

Finance 91

Finance Strategic Plan Budget Nonprofit 91

Blue Avocado

AUGUST 2, 2021

Many nonprofits feel pressure from foundation and government funding sources to maintain a certain level of program expenses as a percentage of total expenses (for example, greater than 75%). This metric has always been a matter of debate. Nonprofits […]. The post Functional Expenses Decreased During Covid-19?

Metrics 104

Metrics Government Funding Nonprofit 104

Blackbaud

DECEMBER 30, 2024

Coffman stated in their GuideStar article : Theres no question that nonprofit organizations have an obligation to manage their finances responsibly. To better understand the shortcomings of for-profit metrics as a true measure of nonprofit success, lets look at how return on investment (ROI) is calculated.

Metrics 94

Metrics Finance Management Goals 94

Candid

MARCH 25, 2024

In 2022, foundation funding accounted for about $105.21 As a share of all revenue streams, including government funding, program revenue, and investment income, foundation and corporate grants made up 15.3%. If you need funds immediately, a grant probably isn’t going to come through in time. billion , or 21% of total U.S.

Grant Readiness 105

Grant Readiness Readiness Grants Grant 105

Blackbaud

MAY 27, 2024

With all the spreadsheet juggling that comes with budget season, it’s easy to forget the primary goal of your organization’s budget: to gain visibility into your organization’s finances and plan for the future. Luckily, your fund accounting software helps you tackle all these situations. Which programs will receive it? Congratulations!

Budget 59

Budget Software Funding Utilities 59

Blackbaud

MARCH 15, 2024

If you are not sure which metrics are essential or how to convert your data into something stakeholders can grasp and absorb, start simply by setting clear goals. Learn more: Using Data to Make Annual Giving Work for You Measuring Outcomes Outcome metrics are powerful, necessary tools for demonstrating transparency and accountability.

Strategic Plan 91

Strategic Plan Metrics Goals Utilities 91

GrantNews

DECEMBER 5, 2023

In essence an RFP is a solicitation released by a funding agency who has money to donate to a good cause. The metrics and criteria section details the anticipated impact of the project’s goals. Funding is for both operating and capital funding to finance development of the facilities. And the best part?

LOI 99

LOI Grants Grant Contracts 99

AmpliFund

DECEMBER 5, 2023

If you're managing grant funds in spreadsheets and keeping track of program progress and expenditures with documents and emails, you're likely keenly aware of the inherent risks and administrative headaches. It may be folks in finance, leadership and your IT department that need to first see the true value of this investment.

Amplifund 93

Amplifund Grant Management Software Grant Management Software 93

Blackbaud

DECEMBER 20, 2023

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. Like an emergency fund for your organization, an operating reserve allows you time to make data-driven decisions instead of having to react immediately.

Indirect Cost 82

Indirect Cost Indirect Finance Government 82

Just Write Grants

OCTOBER 29, 2024

When it comes to securing funding, nonprofits often encounter various types of grants, each serving a different purpose. Understanding the distinctions between capital, program, and operating grants is crucial for effectively managing your organization’s finances and meeting its goals. Capital Grants 1.1 Program Grants 2.1

Grants 52

Grants Grant Finance Proposal 52

Blackbaud

JUNE 6, 2024

Work closely with administrators to identify reports that need to be run and the metrics to track during the campaign, which will inform your fund setup and gift entry process. Fine-tune your fund setup. It is also directly related to the fund cash flow reports your finance office depends on. Make giving easy.

Goals 75

Goals Finance Policy Policies 75

Grant Writing Made Easy

OCTOBER 30, 2022

A standard grant narrative is a generalized grant proposal that you can update and tailor to specific funding opportunities. 5: Keep your finances in order. It’s also important to have a bookkeeping software that allows you to separate restricted and unrestricted categories of funding. 4: Develop relationships with funders.

Grant Writing 98

Grant Writing Grants Grant LOI 98

Blackbaud

SEPTEMBER 12, 2024

FINANCE DIRECTOR: Fiscal year-end numbers have not been fully reviewed yet, but recognized revenue from fundraising will be close to $7 million DEVELOPMENT DIRECTOR: What the…?!? Directors of Development and Directors of Finance often find themselves working in a love/hate relationship. EXECUTIVE DIRECTOR: Ugh.

CRM 59

CRM Finance Fundraising Funding 59

Allied Grant Writers

DECEMBER 25, 2024

To be successful in securing grant funding, individuals must grasp the basic components involved in the grant application process, including eligibility criteria, application procedures, and evaluation metrics. Grant Type Description Government Grants Funded by federal, state, or local government agencies.

Grant Writing 52

Grant Writing Proposal Grants Grant 52

GiveSmart

NOVEMBER 27, 2023

Understanding where your funds go and how they come in allows you to make better decisions that benefit your bottom line and streamline your financial close-out once the fiscal year-end comes around. Typically, finance and development teams work together on finalizing a budget, which is a months-long process. Keep your goals realistic.

Budget 68

Budget Finance Calendar Software 68

Qgiv

JANUARY 8, 2025

According to school fundraising studies , only 64% of parents, teachers, and administrators believe their school is well-funded. Teach kids math and leadership skills: A recent study found that just 18% of high schoolers and 26% of college students said they have a somewhat high or very high knowledge of finance.

Fundraising 98

Fundraising Donation Education Award 98

Candid

JUNE 25, 2021

The best initiatives aim to address big problems with bold targets and credible metrics to track progress. Renewable Thermal Collaborative (World Wildlife Fund)." Lever for Change webpage 06/22/2021. The Renewable Thermal Collaborative does all of these things," said WWF president and CEO Carter Roberts. "It

Transportation 52

Transportation Metrics Finance Policy 52

DoJiggy

SEPTEMBER 19, 2024

Nonprofits demand more from managers, especially when it comes to finances. Your nonprofit needs to manage its finances responsibly to be prepared for these thin donation times. As the number increases, that’s more competition for funds such as awards. Managing a nonprofit organization has its unique challenges.

Management 52

Management Finance Budget Nonprofit 52

Greater Giving

DECEMBER 2, 2024

7 Must-Have Members of Your Nonprofit’s Fundraising Team With a dedicated nonprofit fundraising team, you’ll execute more effective strategies, plan impactful events, and attain more funding for your mission. According to Jitasa , grant management is an ongoing process that begins before funding is even secured.

Fundraising 52

Fundraising Proposal Metrics Procurement 52

DoJiggy

JULY 9, 2024

QuickBooks is a powerful tool that can help streamline these processes, making it easier for nonprofits to manage their finances efficiently. By following these tips and leveraging the right integrations, your nonprofit can harness QuickBooks’s full potential to manage finances effectively and maintain donor trust.

Finance 52

Finance Utilities Nonprofit Template 52

Blue Avocado

JANUARY 30, 2024

Most nonprofits strive to include grant funding in their revenue streams but often find that large amounts of know-how (as well as a time commitment from the executive level down to the front line) are needed. Organization-wide, M&G cost must be allocated to each program according to its size—whether or not there is funding to cover it.

Applicant 64

Applicant Application Grant Management Grants 64

Allied Grant Writers

DECEMBER 25, 2024

They usually do not require repayment, making them an appealing source of funding for many organizations. Organizations or individuals seeking grant funding should clearly understand how grants function and the requirements they entail. Research Grants Funding for academic or scientific research projects.

Grant Writing 52

Grant Writing Grants Grant Indirect Cost 52

Grant Professionals Association

JUNE 13, 2023

Finance: Have you established accounting codes that correspond with your fundraising areas? How does grant funding play into the greater financial picture for your organization? What does a program look like without external funding versus with external funding? Are your budgets up to date? How is success measured?

Grant Readiness 52

Grant Readiness Readiness Grants Grant 52

Tech Soup

OCTOBER 7, 2015

Here are some Affinity Program offers: Financial SCAN by the Nonprofit Finance Fund and GuideStar is an easy-to-use data platform that focuses users on the financial metrics that matter most, without oversimplifying what it takes to keep organizations' finances in balance.

Donation 58

Donation Finance Retail CRM 58

Blackbaud

OCTOBER 8, 2024

Power BI can help organizations translate complex data into an action plan for every team, from the finance office to fundraising. Planned Giving : Includes everyone in the database, pinpointing likelihood for annuity giving, bequests, Donor Advised Funds (DAFs), and charitable remainder trusts. What did McCleary’s team build?

CRM 82

CRM Fundraising Goals Metrics 82

The Fundraising Coach

APRIL 12, 2023

You raise money to directly fund and support your various programs and projects. For instance, you may have different funding goals associated with donations, merchandise sales, and other revenue streams. Consider the metrics that will best help your organization grow its fundraising over time. Average donation size.

Fundraising 52

Fundraising Metrics Budget Software 52

Grant Consulting Services

AUGUST 31, 2023

Because nonprofits rely on grant funding, systems must be in place to properly manage and maintain that funding as part of the grant lifecycle. Grants provide organizations with funding to achieve the overall goal of supporting communities and various causes. So, how do we manage grants? What is Grant Management?

Grant Management 52

Grant Management Management Grants Grant 52

CauseVox

AUGUST 2, 2024

One way to demonstrate to your Gen Z donors that your organization is able to be trusted is by maintaining transparency in your finances and communications. Start by regularly updating your supporters with clear and honest information about how funds are used and the impact they’re making.

Media 89

Media Donation Fundraising Metrics 89

DoJiggy

NOVEMBER 19, 2024

Despite being grouped under the same umbrella, these watchdogs have distinct missions, operate differently, and can impact your ability to raise necessary funds in various ways. Transparency and Accountability : They promote transparency by providing detailed information about charities’ operations, finances, and governance.

Finance 52

Finance Government Award Ethics 52

DH Leonard Consulting & Grant Writing Services

JUNE 18, 2024

Who determines which projects will receive grant-funded support? As grant writers, we’re sometimes in a position of responding to requests from well-intentioned leadership or program staff to “look at this grant opportunity” or asking, “can you help us find funding for this project?” Full speed, nonstop, 30+ fundraising events a year.

Grants 52

Grants Grant Grant Writing Pass-Through 52

Greater Giving

SEPTEMBER 24, 2024

The UpMetrics guide to impact reporting recommends taking the following steps to make your reports as compelling as possible: Choose relevant metrics. Report on the metrics that matter most to major donors. Recognize donors for their contributions.

CRM 52

CRM Metrics Retainer Consulting 52

DonorSnap

DECEMBER 15, 2023

If you brought in 20 new supporters, highlight that metric. How should a nonprofit handle a shortfall when raising restricted funds for a big-ticket item? Review Agreement and Discuss Options with Donors The first step is to review the restricted funds agreement. Were the funds truly restricted?

Goals 52

Goals Fundraising Funding Metrics 52

Big Fundraising Ideas

JUNE 4, 2024

Budget: It is crucial to understand the financial landscape, including the funds for organizing the event and the community’s financial capacity. Instead of a general goal like “raise funds,” specify “raise $5,000 for new library books.” funds raised, tickets sold, number of participants) to define success.

Goals 52

Goals Fundraising Metrics Media 52

Get Fully Funded

APRIL 20, 2021

Sometimes the only thing standing between you and launching a successful fundraising campaign to fund a new, needed program is an extra set of hands. Don’t give your VA access to your organization’s bank account or finances. Your VA can track metrics and work with you to strategize on getting more out of your social media channels.

Calendar 116

Calendar Nonprofit Management Media 116

Tech Soup

FEBRUARY 9, 2016

Going Beyond Financial Metrics and the Overhead Myth. Since the mid-1990s, GuideStar has been posting publicly viewable information about every IRS-registered nonprofit organization so that prospective donors and grantmakers can see reputable information about each nonprofit's mission, legitimacy, and finances. All major U.S.-based

Grant Management Software 38

Grant Management Software Metrics Government Finance 38