Whether you are an established or a new nonprofit, there is always room for assessing, updating and adding on your fundraising strategies. To help you achieve this, there is a need for a comprehensive nonprofit annual plan. We have developed helpful tips and things that you need to understand to guide you when developing the correct annual planning for your charity. 

The primary reason most nonprofits suffer is that they don’t have enough money to continue their missions. That’s right, even though you may have the best intentions in the world, if you can’t persuade donors to contribute to your cause, you will inevitably fail. This problem can be solved by understanding what motivates people to give money. To help with this, researchers conducted a study titled “Impact of motivation on donation behavior”.

Nonprofit organizations often face challenges related to resources and capital to spend compared to the for-profits. This affects how they offer compensation packages to their employees. However, most employees in nonprofits choose to work there because they believe in their cause, mission and philosophy. Regardless of their belief in the cause, any human appreciates incentives and recognition. Therefore, employers who create effective incentive programs are likely to find the best workers and fully engage them. The right incentive programs include tangible rewards for employees that show strong performance. While for-profits can offer their best-performing employees incentives such as cash bonuses, wage increases or expensive gifts, nonprofits cannot afford this due to a lack of budget. However, they can develop reward schemes that help boost the workforce's morale but do not affect the organization's financial standing. Here are some approaches you can take when doing this.