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3 Roles of the Nonprofit CFO that Lead to Mission Success

sgEngage

The role of the nonprofit CFO has undergone a profound evolution. This transformation is not only a response to external pressures but also a proactive adaptation to the evolving demands of the sector, where financial stewardship is intricately linked with organizational strategy and social impact.

Roles 57
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Investing in capacity building: The vital role of general operating support for BIPOC-led nonprofits

Candid

Foundation for Women’s report, Pocket Change: How Women and Girls of Color Do More with Less , as of 2017, the median foundation grant awarded to “organizations by and for women and girls of color” was $15,000. Women of color comprised 20.3% of the United States population in 2021, an increase from 18.4% According to the Ms.

Roles 52
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Foundations step up funding to bolster trust in local news 

Candid

MacArthur, and William and Flora Hewlett Foundations have recognized the importance of a vibrant local news ecosystem. McClatchy Foundation, established by the McClatchy newspaper chain’s publisher, wove several journalism initiatives, including the Central Valley Journalism Collaborative , into its grantmaking strategy.

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Empowering grassroots organizations: building capacity, diversity, and relationships

Candid

We often talk about the role of philanthropy and the ways in which it must grow and innovate, how it has changed and evolved with the times, reacting to crises, wars, economic downturns, and more. Foundation. Foundation, we trust those who are closest to the issues affecting their communities.

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Grantmaking: What’s Participation Got to Do with It?

sgEngage

People impacted by the grants typically have no say in who gets the funding, for what, how much, and for how long. Here are a few: More Effective Decisions : It makes sense to involve the people impacted by philanthropic dollars in setting strategy and making grants! published by the Ford Foundation. Those at the top decide.

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Move DEI Beyond Words

.orgSource

Revelio Labs’ 2023 report on the state of DEI and the impact of last year’s layoffs, found that DEI-focused roles “experienced a nearly 40% churn rate at companies engaged in layoffs, as compared to about 24% for non-DEI roles.” Attaching benchmarks to your statement provides structure and something for people to work toward.

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The impact of COVID-19 on civil society, part two

Candid

These surveys—more than 75 to date—all help tell the story of the pandemic’s continued impact on the sector, including how needs and responses have changed and what funders and nonprofits expect moving forward. Organizations across the globe continue to feel negative impacts of COVID-19.