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How to Set Good Revenue Goals Amidst COVD-19 development planning financial management for executive directors

In some nonprofits, the fundraising goal is determined by a budget deficit. Expenses are set first, then committed revenues are put in. The deficit is the fundraising goal for the year. For other nonprofits, the annual fundraising goal is last year’s budget increased by whatever percentage....

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How to Rebuild Your Nonprofit’s Finances During COVID-19 financial management for executive directors

We’ve all been hit hard by COVID. Every nonprofit I know has experienced some kind of negative financial impact because of the pandemic. Expenses went up as cleaning guidelines got stricter. Your nonprofit may have had to invest heavily in personal protection equipment. Revenues are down as...

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How to Regain Staff and Board Support Still Reeling from the Effects of COVID-19 for executive directors relationship building

Morale has waned as staff and board struggle to cope. Staff may feel insecure in their jobs, Board members may fear organizational nonexistence. Trust has eroded amidst layoff’s and downsizing. Staff are angry. Board members feel helpless. Emotions are high. Productivity is down. Customer...

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The Last Ten Days of 2020: If you Haven’t Yet, Start Now to Improve Your Annual Fundraising Results development planning fundraising

It’s December 22, 2020. It’s probably slow at your office, with many of your co-workers or employees off for the holidays. I always liked being in the office during this time. I liked the fact that I had more time than usual to concentrate on improving my year-end fundraising results...

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Optimizing Your Fundraising Resources evaluation financial management

In Measuring Overall Fundraising Performance we talked about the difference between gross and net income and how net income is a better indicator of fundraising success than gross income. We also discussed influencing the relationship between the amount of donations and number of donors. In Data...

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Developing a Nonprofit Fundraising Strategy that Optimizes Fundraising Performance development planning financial management

Every executive director, board member and fundraising professional I know wants to increase income for their nonprofit organization. The question they have is, “What nonprofit fundraising strategy will generate the most income?”

By increasing income, I mean increasing net income....

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Creating a Fundraising Budget that Increases Both Mission and Money development planning financial management

Do you want to raise more money in 2021 than you did in 2020 for your nonprofit agency’s mission? Do you want to have money left over after all the bills are paid? Do you want your nonprofit to make the most money it can? Then you need three things: 1) strict adherence to mission; 2)...

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2021 Grants Planning development planning grant writing

So, one of your nonprofit fundraising goals for next year is to increase your agency’s income from foundations. After all, according to Giving USA, foundations account for 17 percent of the charitable dollar. And they tend to give larger, major gifts. And, according to the Fundraising...

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Effective Fundraising Techniques for Reaching Millennial Donors communications fundraising relationship building

Segmenting your donors into age grouping, researching those age cohorts and using the information to then develop specific fundraising techniques that appeal to each separate generational group can drastically improve your fundraising results. Successful fundraising campaigns start with...

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