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

sgEngage

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. Here are seven ways your team can make sure your nonprofit has a strong financial foundation this year.

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Foundation giving and payout: what changed in 2021?

Candid

private and community foundations to understand recent giving trends and forecast where giving is headed. [ Giving increased in FYE 2021 for most foundations compared to 2020, though payout was not as likely to increase. . The average payout by independent foundations in FYE 2021 was 6.9%, and the median and mode were 5%. .

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2023

sgEngage

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. Here are seven ways your team can make sure your nonprofit has a strong financial foundation this year.

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Leveraging data to better serve under-resourced communities 

Candid

Forward-looking nonprofit organizations know that leveraging data is key to determining where a community’s unmet needs are, securing resources to address those needs, and advocating for more effective policies. Individual donors and foundations increasingly view data “ as the fuel for innovation and social change.”

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How can nonprofits implement a strategic public policy agenda to achieve greater impact?

ASU Lodestar Center

Public policy and the nonprofit sector. Public policy at all levels of government has the ability to threaten the work of all nonprofits (National Council of Nonprofits, 2019). At the federal level, we see this threat in tax, regulatory, and spending policies. Illustration by Yuxin Qin. A missed opportunity.

Policy 52
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The volunteer management lifecycle: Refresh or reboot?

Charity Village

The volunteer management cycle is the best practice model for the lifecycle of volunteer engagement and for many years has been the foundation of important best practices such as planning, screening, policy development, and onboarding and offboarding procedures that volunteer programs follow.

Volunteer 119
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Closing racial wealth gaps with community land trusts 

Candid

We are a funder collaborative that harnesses the collective power of philanthropy, financial institutions, and local governments to close racial income and wealth gaps and advance inclusive and equitable economic progress in American cities. million to member cities to develop such initiatives.