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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

sgEngage

Even though inflation made dollars not stretch as far, world events and climate disasters increased need across many communities. From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store.

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Global philanthropy responds to the Ukraine crisis

Candid

The UN Refugee Agency (UNHCR) head Filippo Grandi described this humanitarian disaster as “the fastest-moving refugee crisis we have seen in Europe since the end of the Second World War”. Corporations account for 55% of the total dollar value of grants awarded; foundations and public charities 40%; and high-net-worth individuals for 5%.

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Collecting data during a humanitarian crisis

Candid

With breaking news, it takes time for the full picture to emerge. foundations’ giving. foundations’ giving. To help the sector understand the emerging funding picture, Candid prioritizes collecting current, “real-time” data. Analysis that relies on real-time data does not provide a final, definitive picture of funding.

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Funders: Considering Collaboration? Start With a Light Touch and See Where It Leads

sgEngage

When smaller, place-based foundations collaborate and align their work, they provide unique value to local communities and nonprofits. Still, many foundations shy away from working together, assuming it will require considerable time and a loss of independence. . Benefits of Funder Collaboration .

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Where are the 2019 (and 2020) 990s? On filling the gaps in Candid’s grants data

Candid

This gap is notable because IRS 990 filings are a substantial source of data about nonprofits and foundation grantmaking in the U.S. At Candid, grants data from 990s flows into tools such as Foundation Directory , public dashboards that provide insights into philanthropy in different regions across the U.S.,

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What counts as racial equity funding?  

Candid

The result is a refreshed site that gives a more complete picture of past funding and allows for stronger comparisons over time. . Applying this broader definition of racial equity to the full set of grants on Candid’s racial equity site yields a more complete picture of how this funding has grown over the past decade. .

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Philgorithms: Two Examples of Data Mapping to Guide Donor Decisions

Beth's Blog: How Nonprofits Can Use Social Media

We are seeing it to help donors make decision about COVID funding and other disaster related donation decisions. Before the pandemic, Rhodri Davies, head of policy at Charities Aid Foundation (CAF), authored the 2019 white paper, “ Machine Made Goods: Charities, Philanthropy, and Artificial Intelligence ,” describing the opportunities. “If

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