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Management Features

Management Features (341)

Nonprofit Leaders Should Take These Steps Now

The year 2020 is perhaps the toughest year for every business, and nonprofits have not been spared. The extent of destruction and pain that the COVID-19 pandemic has caused is unimaginable, and this might just be the beginning. In the United States alone, more than 50,000 lives have been lost, and millions of livelihoods torn apart due to the after-effects of the pandemic. This might just be a tip on the iceberg as many losses are yet to be witnessed. As companies continue losing money, and employees get furloughed, nonprofits are facing many challenges that they have never experienced before. Nonprofits have offered essential support for people to get through crises before. As they carry on with their operations, they should expect their funding to reduce significantly due to economic slowdown. Owing to the changes that have been occasioned by the COVID-19 pandemic, nonprofits should take the following measures:

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Remote Fundraising Tools are Available and Critical

When it comes to using remote tools to support workforce, nonprofit sector organizations appear to have been left behind compared to technology companies. This is due to technology and infrastructure costs that are often high or unavailable at all. The truth in this, however, is that there are many advantages that remote tools can offer. They can enhance productivity and can help nonprofits do highly critical tasks and increase their funding altogether. According to a report by the National Center for Charitable Statistics, the amount of donations continues growing, but the number of nonprofits has also increased. The US alone has more than 1.5 million active charitable organizations that conduct different fundraising activities. Due to this surge, nonprofits must find ways to articulate their cause and compel donors to give more if they are to remain viable. This can only be achieved by using digital tools that connect potential donors to different causes.

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Nonprofit Tech Challenges You Need to Address Now

Operating a nonprofit organization can be highly rewarding but can equally be challenging. In a  world where technology determines many operations, leaders of nonprofits have a lot on their plate, from ever-changing technologies to shifts in government regulations. Although many things keep coming up, nonprofits must always focus their efforts on updating their technologies, taking into account the fact that technology has always become the least among their priorities in the past. With the increasing cybersecurity issues in the corporate environment today, nonprofits must always stay abreast with changes that may impact their operations. While doing so, many nonprofits face tech-related challenges, some of that tend to affect their authority.

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Giving Recedes Slightly in 2019 After Surge in 2018

Giving decreased nominally by 1.4 percent in 2019 compared to 2018, but remained 6 percent higher than in 2017, according to the Fundraising Effectiveness Project’s 2019Fourth Quarter Report. The losses in donations were focused during the months of April to June of 2019, where giving year to date was down 5.7 percent through June. The charitable sector spent the remainder of the year climbing out of that deficit before ending up at a total loss of 1.4 percent.

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Nonprofits Providing Relief through Tech

For decades, the success of nonprofits has been defined by the amount of money they raise from donors. In the age of technology, this is no longer the case. Apart from the amount a nonprofit can raise, the ability of particular nonprofit to adopt technology and use it in providing its services has proven to be a game-changer. Technology has helped in various aspects of nonprofit ranging from engaging potential donors, eliciting fundraising and enabling nonprofits to track their operations.  It goes without saying of course that for a nonprofit to claim to be successful, it must deliver on its mission and objectives that the organization was created to fulfil.

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Look for These Trends to Take Off This Year

Nonprofits have learned a lot from their for-profit counterparts about how to effectively use technology in their operations. However, they cannot always practice the strategies that for-profit companies are using. Some of these strategies can sometimes backfire because nonprofits operate differently compared to other organizations. Regardless of the challenges that nonprofits face, technology can help them to bridge the divide that exists between resources that exist and goals that these organizations are trying to achieve. As we move forward into 2020, there are trends that you are likely to encounter and you better prepare for them. Below are some of the tech-trends that your nonprofit should prepare for in 2020.

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Update Your Strategies to Include More Social Media Efforts

The power of social media cannot be overemphasized. It plays a critical role in different industries and is a vital component in fundraising strategies for any modern nonprofit organization. A good presence of your nonprofit in social media will not only help you in reaching more people but will also aid you in fostering your community of donors. Furthermore, a successful social media presence has a direct correlation with the amounts raised.

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Why Nonprofits Must Pay Attention to Protecting Their Data

With all the recent news about data breaches in organizations and the increase in the amount of data that companies collect, data protection is now required more than ever. It’s time to consider the best practices that can help your nonprofit to secure the future of data and its online presence entirely. With more nonprofits now collecting data from donors and using it in their activities, the call for regulation and privacy has increased.

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Nonprofits Should Look at These Technologies that Will be Important in 2020

Like for-profit businesses, nonprofit organizations also face many challenges, most of which are due to the overall trends in the industry.  These trends keep shifting the direction that nonprofits want to take as they continuously change. As the New Year begins, it is wise to expect, understand and prepare for how these changing trends might influence your nonprofit going forward.  Below are the industry trends that every nonprofit should keep an eye on in 2020.

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Social Media is Driving Nonprofit Giving

Digital marketing is a fantastic way for many industries, and nonprofits to expand into this sphere. However, many charities have failed to make use of this method of marketing as many of them still rely on offline-based marketing methods such as the use of flyers and marketing emails. Although it is undeniable that these offline tactics are essential in maintaining a balanced marketing plan, organizations that are rigid in adopting modern methods of marketing such as social media are missing out on opportunities of increased reach and donations that they could have obtained from social media users. This is however changing fast.

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