Financial sustainability seems to be the Holy Grail of the nonprofit sector. Everyone wants it, but few know how to find it. But it doesn’t have to be that way. I firmly believe that financial sustainability is attainable for any nonprofit, as long as board and staff are willing to ask the right questions and do […]
nonprofit financing plan
Investing in a Sustainable Nonprofit Future
I wrote last month about the crippling nonprofit fear of investment. Related to that, nonprofits need to understand and embrace the concept of Return on Investment. Nonprofit leaders often exist in such a world of scarcity that they don’t recognize that an investment today can have a huge payoff down the road. And not recognizing […]
Stop Rolling the Nonprofit Fundraising Dice
It happens all too often. A nonprofit executive director called me the other day because they have just completed a beautiful strategic plan with some exciting goals and a new direction for the organization, but they don’t know how to bring the money in the door to make the plan a reality. They don’t have […]
Financing Not Fundraising: 7 Mistakes in Your Nonprofit's Fundraising Plan
I can’t tell you how often I hear nonprofit leaders complain about how difficult it is to raise money, how tired they are of banging their head against the wall, how difficult this economy is. Well, there really is a better way. And it starts with a really good money plan for your organization. But […]
Reader Question: How to Create a Budget for Nonprofit Growth
I announced last week that I’m launching a new series on the Social Velocity Blog. At least once a month I will answer a reader’s question on the blog. You can send me questions about social innovation, philanthropy, financing, fundraising, nonprofit management, strategic planning, you name it. This first time around I received so many […]