The key to lasting impact is the ability to scale and adapt. When you’re able to share, reproduce, and generate impact beyond your original reach – everyone benefits! A key way to truly scale is with technology. A robust grants management platform brings with it automation and efficiency – saving foundations from having to overhire in order to meet their needs or overburden their current employees. Not to mention how much easier tax season becomes when data is centralized, safe, and easily referenceable.
Nonprofits (along with the foundations that fund them) make up a significant portion of the U.S. economy. In fact, in 2014, nonprofits contributed $937.7 billion to the U.S. economy, the equivalent of 5.4 percent of our nation’s GDP. Yet some foundations and nonprofits still face pushback when looking to invest in operations to provide their essential services.
But like any for-profit organization, foundations and nonprofits will greatly benefit from developing the right technology plan in order to forecast for the new year. The same mechanisms that significantly improve the efficiency and mobility of for-profit giants are just as important for a foundation looking to better measure impact, streamline grants processes, and efficiently communicate with stakeholders. The right technology provides operational improvements that enables your team to elevate their grantmaking – freeing up time to further develop grantee relationships.
So looking ahead into the new year, how is your 2019 technology plan coming along? If sitting down to assess your current strategy and plan for the future sounds daunting, then our technology guide can help. After all, having a plan is the best way to demonstrate why an investment in the right technology (that aligns with your foundation’s mission) is critical.
The Foundation’s Guide to a Must Have Technology Plan was designed to help you develop an ideal strategic technology plan for your foundation. Read this guide to learn:
How to define a technology strategy that is suitable for your organization
How to choose the right technology
How to train and implement your strategy
Examples from other foundations who have implemented robust technology strategies
We know December is a busy month for foundations, but it’s also a perfect time to reflect on organizational successes and potential inefficiencies. Let us help you prepare for the future.
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.
This year’s BoxWorks conference is sure to be impactful and we’re excited to share that Fluxx CEO, Madeline Duva, is appearing on a panel on August 30th, 2pm, at the Moscone Center.
The Giving USA annual report on the state of philanthropy, which was released last month, reveals that Americans are giving more than ever (including when measured using inflation-adjusted dollars): $410 billion in 2017. (From 2007 through 2017, giving went up $99 billion in current dollars.) As in previous years, the types of organizations that received that money were mostly religious ($127 billion) and educational ($59 billion). Meanwhile, donations to foundations were up 15.5% and, of all types of recipient, foundations saw the highest growth rate over two years.
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.
Despite – or perhaps, because of – the unexpected results of the 2016 presidential election, giving trends for last year were overwhelmingly positive. According to Giving USA, charitable donations increased yet again, topping $390 billion in 2016.
This post was originally published on the PEAK Grantmaking blog in November, 2017.
It’s inevitable: at the end of every grant cycle, a final report provides a record of grantee successes, challenges, and monies spent. But how often does the final report become a meaningful mechanism for further reflection or change?
Although the environmental sector only accounts for 3 percent of total giving in the U.S., environmental issues, particularly climate change, remain among the most pressing and intractable problems of our time.
It's vitally important that foundations and nonprofits engage and collaborate in a healthy two-way relationship to bring about the change they both seek. But there is often a wide disconnect between how funders and grantees go about their work.