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Learning from peers to refine your nonprofit funding strategy

Candid

These include categories like grants, donations from individuals, support from companies, and earned income from services or products. Those capabilities cant be built overnight, so youll need to share your findings and proposed funding strategy with key internal stakeholderswho are vital to implementing it.

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Mitigating the impacts of a loss of a nonprofit revenue source

Candid

While we continue to monitor developments , here are some resources on how nonprofits can mitigate potential impacts: Diversifying nonprofit revenue streams Diversifying revenue streamsincluding with government grants so youre not dependent on one unsustainable source is not a new idea but perhaps a more urgent one.

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5 Ways Nonprofits Can Diversify Funding in 2023

Nonprofit Tech for Good

Let’s dive into five ways that nonprofits can diversify funding in 2023: Monthly Giving and Pledges. Major Gifts. 1) Monthly Giving and Pledges. There are two types of recurring giving: Monthly Giving Programs and Donation Pledges. What are Donation Pledges? Pledges are typically paid in installments.

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Product Update: CauseVox Auto-Pledge Helps You Get More Large Gifts

CauseVox

In recent years, pledges have fallen out of fashion: it’s not how today’s donors give, and it’s difficult for fundraisers to track and manage fulfillment. With Auto-Pledge, pledges will never be the same! That way, large gifts become approachable. With Auto-Pledges, even your biggest asks become easy.

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[ASK AN EXPERT] How To Enter And Credit Donor Advised Fund Gifts In Your Database

Bloomerang

Today’s question comes from a nonprofit employee who wants advice on how to credit and acknowledge donor advised fund gifts in their donor database: Dear Charity Clairity, I’m unsure how to enter donor advised fund gifts in our database so they’re credited and acknowledged appropriately. And do I thank the donor or the administrator?

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How to Develop Your Nonprofit Operating Reserves

sgEngage

A reserve can provide the flexibility necessary to pay for items that arent covered by restricted grants. The more dependable and regular your funding is, the less risk you have and the lower your reserves can be.

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100+ Fundraising Tasks for Your Nonprofit’s Board

Nonprofit Tech for Good

A CTA is an invitation to take action, such as donating, volunteering, signing up for something, signing a petition, pledging to do something, etc. Make a “ stretch gift ” that is very generous and is outside your normal giving pattern. For example, could people who donate every year be cultivated for a larger or monthly gift?