Financial Management Matters!

For our programs and ministries to be successful, we need to realize financial management matters. It is nearly impossible to accomplish the mission of your organization without cash and that is why financial management matters. Sometimes we are so focused on the specific program activities and outcomes that we neglect the infrastructure of the organization. … Continue Reading

Businesses Need Nonprofits as Much as Nonprofits Need Businesses

Why Do Businesses Need Nonprofits? Not long along, only a few enlightened businesses actively promoted social issues as part of their marketing and branding. Today, corporate philanthropy and corporate social responsibility are integral parts of almost every serious business plan.  Corporate philanthropy used to primarily take the form of a financial contribution and to a … Continue Reading

How One Nonprofit Sector is Benefitting from Community and New Funding They Did Not Create

While most companies are becoming greener, some businesses are actually baking sustainability into their businesses to create breakthrough innovations, larger profits, and infectious social good.  These ecologically-minded organizations are magnetizing consumers with a similar worldview to buy their products. And together with other like-minded individuals and entities, they are creating a “sustainable” community to help … Continue Reading

Why Are Board Members and Funders Still Using “Trust but Verify”​ When Measuring Nonprofit Effectiveness?

The phrase “trust but verify” was made famous by Ronald Reagan after the signing of the Intermediate-Range Nuclear Treaty with Mikhail Gorbachev in December 1987. At the time, the Soviet General Secretary bantered, “You repeat that at every meeting.” Reagan replied, “I like it.” What was President Reagan really saying? He was saying, “I trust … Continue Reading

Would You Invest a Few Hundred Dollars and a Little Time to Impress Your Board and Capture Larger Donations?

According to “Overcoming Barriers to Giving,” Fidelity Charitable’s study of over 3,200 donors, 64% of donors want to give more. While your donors may have other questions and concerns, demonstrating your nonprofit’s effectiveness has the greatest potential of encouraging your funders to increase their gift size or giving frequency, or both.  That’s where we can … Continue Reading

How Your Nonprofit Can Increase Donations by Ignoring Competitive Impulses and Increasing Your Organizational Trustworthiness

Is there competition between nonprofits? Probably, even if it is not head-to-head competition.  Here’s why: In short, more nonprofits are seeking funds, less money is being donated, and fewer major donors are redistributing the same amounts of money. The Lilly Family School of Philanthropy at Indiana University reported that 20 million fewer households gave in … Continue Reading