article thumbnail

6 Benefits of Fund Accounting Software for Nonprofits

Nonprofit Tech for Good

Many nonprofits use an accounting approach called fund accounting. Fund accounting also requires specific industry expertise, knowledge and experience to bridge the gap between tracking the use of funds and generating GAAP financial statements that focus on the changes in net assets. 5) Access data in the format you need.

Benefit 285
article thumbnail

Building Resilient Funding Models: Essential Tips for Nonprofit Finance Professionals

sgEngage

Finance plays a crucial role in building a sustainable and scalable funding strategy. By actively bringing together different departments and leading discussions around revenue diversification, you can set measurable goals, evaluate the ROI of each funding source, and make informed decisions about where to invest time and resources.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Ways Nonprofits Can Diversify Funding in 2023

Nonprofit Tech for Good

Diversifying your funding is critical to your nonprofit’s stability and ability to achieve your mission. With the ups and downs of the past few years, many nonprofit organizations that were heavily dependent on just one or two funding sources found themselves in a tight spot. Peer-to-Peer and Team Fundraising. Major Gifts.

Fund 322
article thumbnail

Salesforce Launches Accelerator to Help Close the AI Access Gap

NonProfit PRO

Salesforce Accelerator — AI for Impact aims to close the AI access gap by providing funding, expertise, and technology to nonprofit organizations. According to Salesforce research, nonprofits recognize the importance of technology in helping reach their goals, but many lack the resources to invest in it.

article thumbnail

How to secure essential technology funding to deliver on nonprofit missions

Candid

Smaller shares of grantmakers providing technology and tools, unrestricted funding The good news is that a significant majority of funders are now committed to streamlining grant applications (67%) and reporting processes (56%). Funding technology for equitable outcomes Why should this matter to grantmakers?

Fund 85
article thumbnail

Meta-funded program teaches tweens about online exploitation

Mashable Tech

Adults can access the educational materials for free. The content offers videos, scripted lesson plans, and interactive classroom activities. The goal is to help young people learn about personal boundaries, safe relationships, and how to ask for help.

Teach 107
article thumbnail

Massive Foundation Model for Biomolecular Sciences Now Available via NVIDIA BioNeMo

NVIDIA AI Blog

Scientists everywhere can now access Evo 2, a powerful new foundation model that understands the genetic code for all domains of life. With Evo 2, we make biological design of complex systems more accessible to researchers, enabling the creation of new and beneficial advances in a fraction of the time it would previously have taken.