For a nonprofit, the strength of an organization’s governance structure makes a big difference in its long-term success. While passion for the mission is noble, the ability to manage finances prudently is equally essential. Not every board is equipped with members who have the financial acumen needed to navigate complex investment strategies, endowment management, or risk assessments. This is where the concept of Read More
Does Your Endowment Advisor Align with Your Nonprofit’s Mission?
In the heart of every community-focused nonprofit lies a mission that shapes its financial decisions. For nonprofits with endowments, the additional task is to find an endowment advisor that produces results for your investments and your overall mission. This choice will determine if you’ve found a partner whose ethos resonates with the core values of the nonprofit and its community. As stewards of substantial Read More
Steering Clear of Icebergs: Why Nonprofits Need Risk Awareness
Imagine you're the captain of a ship navigating through uncertain waters. The seas might seem calm, but hidden beneath the surface are icebergs—silent, invisible threats that could destroy your vessel if you don’t see them coming. In the world of nonprofits, these icebergs represent the risks that can disrupt your mission, drain your resources, and even sink your organization if you’re not vigilant. A so-called Read More
Closing the Network Gap: Why Connectivity is Crucial for Nonprofits
In the nonprofit world, passion and dedication are the driving forces behind making a difference. But even the most committed organizations can struggle to reach their full potential if they lack one crucial element: a strong network. The "network gap" refers to the disparity between well-connected nonprofits and those that lack the same level of access to resources, opportunities, and partnerships. If you are a Read More
The Profit Paradox: Why Nonprofits Need Profit to Thrive
The Profit Paradox: Why Nonprofits Need Profit to Thrive When people hear the word “nonprofit,” they often assume that making a profit isn’t important, or even that it’s somehow inappropriate. After all, the mission is to serve, not to make money—right? But this is a dangerous misconception. The truth is, for a nonprofit to thrive and effectively fulfill its mission, it needs to generate a surplus—or, to put it Read More
Business-Nonprofit Partnerships
Social Impact Advisory Meeting, July 2024 Adimika Meadows Arthur (Panelist), Founding Executive Director of Health Tech for Medicaid. Ben Brittingham (Panelist), CEO of Bedrock Branding Blase Bova (Panelist), Executive director of St. Vincent de Paul of Alameda County Dale Marie Golden Read More
Hybrid and Remote Work: Impacts on Nonprofits
Social Impact Advisory Meeting, June 2024 Shana Peete (Panelist), CEO of Center for Excellence in Nonprofits (CEN). Becky Barton (Panelist), Leader at People415 Grainger Marburg (Moderator)At our monthly Social Impact Advisory Group meeting, we wanted to explore the opportunities and implications for Nonprofits who have Read More
Q2 2024 Summary
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How to Use Data To Advance Fundraising
Social Impact Advisory Meeting, May 2024 Kelly McGeehan (Panelist), Principal Consultant of Conduit Philanthropic Intelligence Partner Donalda Watson-Walkinshaw (Panelist), Director of Fundraising Operations for Fistula Foundation Solomon Belette (Moderator) At our monthly Social Impact Advisory Group Meeting, we wanted to Read More
When Your Nonprofit Should Consider Hiring Financial Experts
Every nonprofit starts with a vision—a powerful idea to make the world a better place. However, the road from an ambitious vision to real-world impact is fraught with practical challenges, not the least of which is financial management. The stakes are high, and maintaining the financial health of your organization is a requirement for sustaining and expanding your impact. Here’s a straightforward look at when and why Read More
