There’s no daily grind quite like that of nonprofit fundraising. While working at a nonprofit is intrinsically rewarding in countless ways, most industry veterans can recount horror stories of months (or even years) where their nonprofit was barely hanging on and that next grant or big donation meant the difference between keeping the lights on or closing down.
Trust is rarely given freely - it’s earned. This is a lesson for-profit organizations often learn the hard way when a PR disaster strikes. Nonprofits, on the other hand, can face an uphill battle from the get-go. Whether we like it or not, the philanthropic industry is judged on measures that don’t always fit their models or reflect their impact. And, when your organization’s entire existence depends on fundraising, trust is even more critical. As new research from GuideStar reaffirms, transparency plays a major role in building trust with donors and constituents: “Donors give more to transparent nonprofits and transparent organizations tend to be stronger organizations.” So exhibiting transparency is a critical way to demonstrate trustworthiness from the start, encourage the donations you need, and keep your mission moving forward.
Promoting diversity within your industry or workforce is an important step towards creating opportunities for your community. Yet teams often forget these efforts are more than just the right thing to do, but provide definitive, quantifiable improvements. The data is in: diverse teams also deliver better results. And nowhere is this more important than the giving space, a space that aims to support disenfranchised communities, and therefore should be representing said communities on their own teams.
Popular online magazine Slate recently released a new series about philanthropy. With The Slate 90, the journal will start ranking the largest American nonprofits by revenue, organized according to nine categories ranging from the arts to health. Its goal is to increase scrutiny of the growing philanthropic sector and provide what it calls “a more robust and useful portrait of the tax-free economy” and “the nonprofit-industrial complex” in particular. This snapshot of US philanthropy, based on 2015 data, shows the contemporary giving landscape.