In a recent discussion, the CFO of a mid-sized nonprofit revealed a common misconception: that transitioning from corporate to nonprofit roles would be easier. In reality, CFOs in nonprofits are often faced with the challenge of managing restricted grants, which come with strict requirements. These grants are donations given with specific conditions, such as earmarking funds for a particular purpose or limiting how the money can be spent. To make matters more difficult, nonprofits typically have six months or less of cash reserves. To help with this issue, new solutions are emerging that can simplify grant management for nonprofits.

A new report from Info-Tech Research Group has revealed that nonprofits can unlock six value-driven opportunities through digital transformation. The report found that digital transformation can help nonprofits to increase their efficiency, reduce costs, improve customer experience, and gain insights into their operations. Additionally, the report highlighted the importance of investing in technology and developing a digital strategy to ensure long-term success.

Shift4, a leader in integrated payments and commerce technology, and Give Lively, a pioneering fundraising platform, have announced a partnership to provide a powerful fundraising solution to nonprofits across the United States. The partnership will benefit nonprofits by providing them with a free service to help them raise funds. The Global Citizen Festival was the setting for the announcement of the partnership, which will help to reduce the burden of expensive fundraising platforms.

Tech Impact, a nonprofit that uses technology to advance social impact, recently announced a merger with Message Agency, a digital agency and B Corporation headquartered in Philadelphia. This merger will enable Tech Impact and Message Agency to empower nonprofits, foundations, higher education, and government organizations with innovative digital products and solutions. The two organizations will collaborate to provide a range of services, including digital strategy, web design, web development, and digital marketing.