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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. One important but sometimes overlooked step in future planning is ensuring proper nonprofit financial management. Methodology. Chief financial officer (CFO).

Finance 148
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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. Review your strategic plan to ensure the new revenue stream fits within your organizational objectives.

Finance 105
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Gaining Leadership Approval for Major Technology Investments: A Practical Guide for Nonprofit CFOs

Blackbaud

Here are a few considerations when advocating for technology investments in your accounting and finance departments. Here are a few points to consider when linking your proposal to your organizations strategic plan: Map out Strategic Goals Begin by clearly identifying and outlining your nonprofit’s strategic goals and objectives.

Finance 77
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Resources for Navigating Uncertainty in the U.S. Federal Funding Landscape

Blackbaud

nonprofits, schools, higher education institutions, and healthcare organizations are currently navigating change or uncertainty related to federal funding. Weve created resources to help social impact organizations as they respond, from strategic planning to diversifying revenue streams to engaging new donors.

Funding 53
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Understanding the Differences: Capital, Program, and Operating Grants for Nonprofits

Just Write Grants

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

Grant 52
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8 Strategy Basics for Nonprofit Organizations

Blackbaud

When you think about creating a strategy for your nonprofit or school, do you imagine high-stress meetings with a whiteboard and sticky notes, with your team hashing out a large-scale plan to set your whole organization on a path forward? Strategy planning doesnt have to be so dramatic. In fact, you already strategize every day!