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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. Email Marketing and Customized Giving. Major Gifts.

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The Transformation of 340B Health – Building Momentum for Innovation Background 

.orgSource

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. Align Governance with Market Realities Traditional board structures may not be flexible enough to support fast-moving initiatives.

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Google’s Africa Investment Fund makes first investment in Uganda’s SafeBoda

TechCrunch

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.

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March Madness highlights Gen Z’s skyrocketing sports betting addiction

Fast Company Tech

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.

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Contributions To DAFs, Distributions Both Decline

The NonProfit Times

Donor-advised fund (DAF) disbursements to charitable organizations declined 1.4% The growth in charitable assets under management is attributable in part to gains in global financial markets. Both the Dow Jones Industrials Average (Dow) and the S&P 500 increased after posting losses in 2022. during 2023 to $54.77 in 2022.

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Elon Musk wants to privatize Amtrak. It would make train travel worse

Fast Company Tech

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.

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eToro IPO: Crypto and stock trading platform’s ETOR shares to list on Nasdaq in latest fintech public debut

Fast Company Tech

Among the risks the company cites are uncertain legal and regulatory landscapes, as well as operating in a highly competitive industry. In its press release about its intention to go public, eToro stated that the offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed.

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