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Chinese AI startup Zhipu announced today that it has raised over RMB 1 billion ($140 million) in a new strategic funding round. Investors include Hangzhou government-backed firms, with the funds aimed at advancing Zhipus domestically developed GLM foundation model and expanding its AI ecosystem. million) in funding on Dec.
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. This method?focuses?on on the use?of
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.
Lack of Entrepreneurial Thinking Unlike for-profit businesses, associations tend to rely on stable membership dues and predictable funding streams , which can limit strategic innovation. Risk-Averse Culture A conservative approach to decision-making slowed innovation and adaptation. By adopting Association 4.0
Fund at First Pitch (FAFP) isnt just another pitch sessionits a high-speed, high-impact opportunity to land funding in record time. Get the exposure you need, stand out from the crowd, and turn funding from a dream into reality! Why wait months for funding when you can secure investor interest in just minutes?
When there is a flurry of activity that affect the entire industry, such as policy changes that disrupt current and potential funding for hundreds of organizations, you need to take the time to understand the risks for your organization and your grantees. Connect organizations to share resources and make introductions where applicable.
Industry benchmarks reveal just 23% of first-time online donors return, compared to 64% of existing online donors. And over the last decade, nonprofits have continued to raise more funds from fewer donors. These statistics underscore the importance of not only keeping your donors, but also acquiring new ones
Google.org , the tech giant's philanthropic arm, is investing millions of dollars into getting nonprofits up to speed on generative AI , part of a massive funding effort to empower organizations to adopt the tech, including Google 's own AI offerings. This spans industries including education, health, workforce readiness, and more," she said.
Indonesia’s construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a time-intensive process, however, and often relies on personal networks and lengthy recruitment efforts.
Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. Before launching the fund, Google proved helpful in startups’ journeys via its Google for Startups Accelerator Africa program. Google sets up $50M fund to invest in African startups.
Sports betting has been a huge growth industry in the U.S. billion in 2024 alone , up from $248 millionwith an “m”in 2017 , when the industry was last restricted just to the state of Nevada. since it was legalized nearly seven years ago. But like any vice, it can be a slippery slope.
In Sarasota County, it destroyed million-dollar homes on barrier islands, impacting the donors nonprofits and foundations rely on for disaster relief funding. It also hit manufactured housing communities, home to many in the tourism and service industries that drive the states economy. In the U.S.,
Musks interest in privatization is another example of the way he has tried to kill government-funded transportation to serve his own interests, notably his Hyperloop project, which undermined high-speed rail efforts in California. It also gets funding from both federal and state sources depending on the type of route.
Those low-cost tools can be a great way to launch and gain momentum, but there comes a point for every nonprofit when the time it takes to manage your fund accounting workarounds outweighs the cost of upgrading your system. It may be time to look for a fund accounting system with subfund capabilities when you notice these three signs.
A coalition of nine European Union countries, led by the Netherlands, has been formed to accelerate plans for a potential second funding package under the European Chips Act. This initiative aims to present proposals by summer, following the mixed results of the 2023 Chips Act, which, despite preventing a decline. Read Entire Article
Speaking at Intel's recent foundry event, United States Secretary of Commerce (SecCom) Gina Raimondo said that federal subsidies are essential for the US to become a new world power in microchip technology. Bloomberg notes that the SecCom believes the US likely needs to prepare a second CHIPS Act to keep. Read Entire Article
Now, the most profitable arm of Beast Industries is its commerce division, led by the chocolate brand Feastables. As well as Feastables, Beast Industries is also a shareholder in the snack brand Lunchly and owns Viewstats , a software firm that sells digital tools to fellow content creators.
Here in the States, the $2 trillion industry employs around eight million people — that’s nearly one New York City. Construction may well prove to be the next major focus for robotics investment.
From funding uncertainty to overlapping natural disasters to the possibility of another global pandemic, the modern grantmaker must be prepared for a variety of challenges. For Two Ten Footwear Foundation, it was the human resources professionals in the footwear industry.
There are strict rules regarding what you can do to collect funds, and what you’re allowed to do with that money once you have it to retain your nonprofit status. Virtual reality (VR) and augmented reality (AR) are two technologies that are popular in the gaming industry because they provide an immersive experience.
Although the most popular accounting software products- like QuickBooks and SAP- handle the needs of businesses in many industries, nonprofits have a unique business model and accounting standards and require different features and functionality from accounting software. What is Fund Accounting? Many receive a combination of both.
“Grant Assistant is a vertical application built on top of industry leading AI technologies but really we are workflow focused,” said Mustafa Hasnain, founder and CEO of GrantAssistant. It is a Series B funding round with the latest infusion of $30 million in March 2022. The beta version was started during early 2023 and the 1.0
Enabling Complex Scientific Research Established in 2021 with $650 million from its founding donors, Arc Institute empowers researchers to tackle long-term scientific challenges by providing scientists with multiyear funding letting scientists focus on innovative research instead of grant writing.
Donor-advised fund (DAF) disbursements to charitable organizations declined 1.4% Both the Dow Jones Industrials Average (Dow) and the S&P 500 increased after posting losses in 2022. The National Philanthropic Trust began tracking donor-advised fund data in 2007. during 2023 to $54.77 DAFs were responsible for roughly 9.8%
The automaker has poured billions into autonomous tech with mixed results—most notably, the costly setbacks of its Cruise robotaxi division, which faced safety concerns and a major funding pullback. Now, instead of betting on a separate AV fleet, GM is shifting its focus to bringing self-driving capabilities to consumer vehicles.
Al Mada Holding Group is one of Africa’s largest private investment funds. The Casablanca-headquartered private holding operates in different fields, such as banking, telecommunications, renewable energy and the food industry.
Others found ways to expand the opportunities within existing hometown industries: NCBiotech built pathways to bring more local residents into the Research Triangles booming life sciences sector. The initiative will also benefit local industry by slashing energy costs. Ford Motor Co.
billion in the Indian firm, which is part of Mukesh Ambani’s Reliance Industries. Abu Dhabi sovereign-wealth fund’s investment will fetch it a […] The investment follows KKR and Qatar Investment Authority together investing $1.7
Nonprofits focused on the preservation of local journalism are being called to step up, and many of the country’s largest private foundations have announced $500 million in funding over five years to support them, an extraordinary initiative called Press Forward. The first grants are to be awarded later this year.
Don’t be afraid to reach out to event sponsors, grant funders and major donors to see if they’d be willing to work with you on how unspent funds are allocated, such as event table sponsorships. If fundraising via events, instead find creative ways to continue to raise funds virtually.”. “We The transition was seamless. The Last Word.
But industry experts say it’s difficult to know where plastic ends up or get rid of it completely, even with the best intentions of reuse and recycling programs. But the agriculture industry itself only accounts for a little over 3% of all plastics used globally. But we need more crops. AP is solely responsible for all content.
Employees across industries are feeling increasingly insecure about their jobs. Add those up and then compare that amount to whats in your emergency fund and figure out how much runway you have to live on with only that money, she says. In recent weeks, tens of thousands of U.S. Practice politely declining invitations, Rebell says.
Now imagine if they had been constrained by funding streams that stipulate how, when and where to spend money. Occupations in for-profit companies and in other industries with these same requirements receive higher pay, despite nonprofit human services workers sometimes having a higher level of skill and responsibility.”
It is just as important for partners to be good stewards of user data and comply with the same standards as your fund accounting software. You can better keep up with changes in this fast-paced industry by utilizing partners. Customization without the price tag.
R/GAs new partners at Truelink have established a $50 million Innovation Fund for a boost in new skill sets and talent, as well as acquisitions for new capabilities, emerging tools, and platforms. But what makes this more tangibly intriguing is the $50 million fund the agency has to work with to actually put concrete moves behind those words.
AI is making inroads across the entire healthcare industry from genomic research to drug discovery, clinical trial workflows and patient care. Healthcare has a more severe labor shortage than any other field the industry is expected to be short 10 million workers by the end of the decade, according to the World Health Organization.
Zero Foodprint takes the top slot, for funding regenerative farming through a model so simple, it becomes radical: Restaurants, grocers, and food companies are asked to contribute 1% of consumer purchases to directly fund farm conversions. Read more about Zero Foodprint , honored as No.
By Lindsay Johnson, Marketing Team Member at MobileCause , an industry leader in virtual fundraising events and online giving, plus fundraising solutions such as peer-to-peer, text-to-donate and mobile messaging. We can all agree, 2020 was a doozy of a year, bringing indelible changes to the landscape of fundraising.
Among the risks the company cites are uncertain legal and regulatory landscapes, as well as operating in a highly competitive industry. It is based in Tel Aviv, Israel, with offices around the world. It is based in Tel Aviv, Israel, with offices around the world. When is eToros IPO? Thats unknown.
In the nonprofit industry, we often hear the phrase “every dollar counts” or “together, we can make a big difference.” If you’re raising funds to support an after-school program that prepares kids in low-income areas for college, consider sharing their stories. By Kaley Aposporos , Content Writer at GoFundMe Charity.
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