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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. 1) Monthly Giving and Pledges. Major Gifts.

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A $500 Million Pledge to Support Local News

Non Profit Quarterly

In an effort to turn this trend around, the MacArthur Foundation unveiled in September 2023 the Press Forward initiative, a coalition of 22 founding donors set on “strengthening communities and democracy by supporting local news.” The MacArthur Foundation itself pledged $150 million to the new fund.

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Pledge Reminders: How to Boost Donor Engagement and Contributions

DonorPerfect

Donor pledges are a vital source of funding for charitable organizations. Getting donors to make a financial commitment to support your cause is exciting! However, some important steps need to take place in order to turn pledges into cash.

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How to Host a Pledge Drive: The Complete Guide

Qgiv

A pledge drive is a fundraising campaign where donors promise a gift amount to your organization based on a goal set by you or your participants. As your organization or participants meet those goals, donors increase their pledged donation. Organizations often offer incentive tiers for supporters to encourage larger donations.

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Pledges vs. Donations: Understanding the Difference

Pamela Grow

Prioritizing donor retention will ultimately build a dedicated pool of supporters who will lend support any time you need it. Defining Pledges and Donations When it comes to types of donations, there can be some overlap between the various categories. This refers to any gift given to your organization.

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Are corporations making good on their racial equity pledges?

Candid

Candid ha s been tracking racial equity funding for a decad e , but this recent philanthropy response was staggering. A s of July 2020, we’d identified racial e quity grants and pledges worth $4.2 What are corporate pledges? . Corporate funders are for-profit organizations funding philanthropic work.

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Supporting Native communities is about listening and relationships

Candid

The commitment is an intentional public pledge to stand alongside Native communities. In late 2021, for instance, in response to mutual learning from Native grantees and others, we changed our grantmaking approach to support work that restructures unjust systems. In 2023, we followed suit by changing our mission to focus on justice.