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Maximizing the ROI of Fundraising Auctions

Most nonprofits will plan one or two big fundraising auctions per year leading to high expectations. Organizations need to find a multitude of ways to increase revenue streams to avoid leaving much needed money on the table. The following are some tips to help development teams create financially successful events. As you begin to plan an auction or fundraising event, it is critical to think like a businessperson, not like a charity worker. Set a budget and keep track of expenses. Obviously, the goal is to invest money in an event with the intention of creating a return on investment (ROI).

Spotlight

Begin Anew of Middle Tennessee

Begin Anew empowers individuals to overcome the obstacles caused by poverty by providing education, mentoring, and resources. For our 20th Anniversary, we are fundraising for 32 scholarships for our program allow 32 additional students to be enrolled in High School Equivalency (HiSet), Computer and Job Skills, English as a Second Language (ESL), or Literacy.

OTHER ARTICLES
Fundraising

5 Rules for Adjusting Your Nonprofit Marketing

Article | July 15, 2022

It’s not business as usual, which means that your nonprofit marketing efforts have to adjust and change. Dynamism and adaptability are necessary for every organization in the current environment, especially for nonprofits. We understand that the need in our communities is only going to increase in the weeks and months ahead, which means nonprofits have to nurture relationships — and strengthen them.

Read More
Nonprofit Management

4 Challenges that Large Non-profit Organizations Face

Article | July 20, 2022

Large non-profit organisations must frequently overcome extreme challenges in order to stay on track toward achieving their mission and goals. There are currently 1.4 million tax-exempt organisations in the United States alone, so there is no shortage of non-profit organisations competing for resources, financial assistance, and talent. The challenge is exacerbated because a large non-profit (or small non-profit) is expected to make all strategic decisions with its organisational mission in mind. The good news is that a non-profit’s mission can guide them in making the right decisions and overcoming obstacles. Large non-profits face numerous challenges on a daily basis in order to stay on track. These issues include sustainability, donor retention and engagement, finding the right volunteers, and organising internal and external processes. Today, we'll go over these issues in greater depth and offer solutions. How Can Large Non-profits Be Sustainable? Sustainability is critical to a large non-profit’s long-term success. Large non-profit organizations frequently must uphold a recognizable brand and reputation. Developing a strategic plan with sustainability as the foundation starts with an organization's mission and vision. How Can Large Non-profits Keep and Engage Donors? Another issue that large non-profit organizations frequently face is retaining and engaging donors. Did you know that in 2015, 373.25 billion dollars were donated to charitable causes? Large non-profit organizations are tasked with acquiring new donors, engaging their donor base, and retaining valuable relationships. Donor retention rates for offline-only donors are 29%, while online-only donors have a 21% retention rate. Raising these averages by a few percentage points can give a large non-profit organization more reach. How Can a Large Non-profit Find the Right Volunteers? A large non-profit can save a lot of money by identifying and recruiting the right volunteers for the right strategic jobs. According to an Independent Sector study, the average volunteer hour is worth more than $24.00 (2016 data). The value of volunteerism can quickly add up large non-profit organizations that rely heavily on volunteers. Volunteers also provide valuable skill sets to non-profits, which can improve an organization's ability across departments. How Can Large Non-profits Improve Processes? Setting up processes is one of the most important things a large non-profit can do to ensure consistency and control throughout the organization. Every aspect of the organization, including but not limited to fundraising, volunteer coordination, training, strategic engagement, and retention strategies, should have a process in place. Organizations that want to create a road map for success must devote time to strategic planning.

Read More
Nonprofit Management

Nonprofit Success in Times of Crisis

Article | July 14, 2022

In recent weeks all business sectors across America have made significant transitions with their work force and have overcome huge hurdles to their success in response to the Covid-19 pandemic. Employees everywhere are doing their best to meet the goals expected of them in a time of intense uncertainty and rapid change. The nonprofit sector is one industry that has faced unique challenges due to the pandemic.

Read More

Popular Cloud Technologies for Nonprofits

Article | June 4, 2020

As the fiscal year draws to a close for many U.S. nonprofits, we have decided to spotlight some of the best cloud products we offer. Budgets can be tight at the best of times, and we know that many nonprofits are paying extra-close attention to their finances over the past several months. But cloud-based tools are a good investment for years to come in terms of flexibility, security, and the ease with which they can be used remotely.

Read More
Fundraising

The Power of Film for Philanthropy

Article | July 15, 2022

It’s not business as usual, which means that your nonprofit marketing efforts have to adjust and change. Dynamism and adaptability are necessary for every organization in the current environment, especially for nonprofits. We understand that the need in our communities is only going to increase in the weeks and months ahead, which means nonprofits have to nurture relationships — and strengthen them.

Read More
Nonprofit Management

What Does the Health of Your Nonprofit Website Mean and How Can You Improve It?

Article | July 20, 2022

Large non-profit organisations must frequently overcome extreme challenges in order to stay on track toward achieving their mission and goals. There are currently 1.4 million tax-exempt organisations in the United States alone, so there is no shortage of non-profit organisations competing for resources, financial assistance, and talent. The challenge is exacerbated because a large non-profit (or small non-profit) is expected to make all strategic decisions with its organisational mission in mind. The good news is that a non-profit’s mission can guide them in making the right decisions and overcoming obstacles. Large non-profits face numerous challenges on a daily basis in order to stay on track. These issues include sustainability, donor retention and engagement, finding the right volunteers, and organising internal and external processes. Today, we'll go over these issues in greater depth and offer solutions. How Can Large Non-profits Be Sustainable? Sustainability is critical to a large non-profit’s long-term success. Large non-profit organizations frequently must uphold a recognizable brand and reputation. Developing a strategic plan with sustainability as the foundation starts with an organization's mission and vision. How Can Large Non-profits Keep and Engage Donors? Another issue that large non-profit organizations frequently face is retaining and engaging donors. Did you know that in 2015, 373.25 billion dollars were donated to charitable causes? Large non-profit organizations are tasked with acquiring new donors, engaging their donor base, and retaining valuable relationships. Donor retention rates for offline-only donors are 29%, while online-only donors have a 21% retention rate. Raising these averages by a few percentage points can give a large non-profit organization more reach. How Can a Large Non-profit Find the Right Volunteers? A large non-profit can save a lot of money by identifying and recruiting the right volunteers for the right strategic jobs. According to an Independent Sector study, the average volunteer hour is worth more than $24.00 (2016 data). The value of volunteerism can quickly add up large non-profit organizations that rely heavily on volunteers. Volunteers also provide valuable skill sets to non-profits, which can improve an organization's ability across departments. How Can Large Non-profits Improve Processes? Setting up processes is one of the most important things a large non-profit can do to ensure consistency and control throughout the organization. Every aspect of the organization, including but not limited to fundraising, volunteer coordination, training, strategic engagement, and retention strategies, should have a process in place. Organizations that want to create a road map for success must devote time to strategic planning.

Read More
Nonprofit Management

Non-Profits Impacting the Economy

Article | July 14, 2022

In recent weeks all business sectors across America have made significant transitions with their work force and have overcome huge hurdles to their success in response to the Covid-19 pandemic. Employees everywhere are doing their best to meet the goals expected of them in a time of intense uncertainty and rapid change. The nonprofit sector is one industry that has faced unique challenges due to the pandemic.

Read More

Popular Cloud Technologies for Nonprofits

Article | June 4, 2020

As the fiscal year draws to a close for many U.S. nonprofits, we have decided to spotlight some of the best cloud products we offer. Budgets can be tight at the best of times, and we know that many nonprofits are paying extra-close attention to their finances over the past several months. But cloud-based tools are a good investment for years to come in terms of flexibility, security, and the ease with which they can be used remotely.

Read More
MORE ARTICLES

Spotlight

Begin Anew of Middle Tennessee

Begin Anew empowers individuals to overcome the obstacles caused by poverty by providing education, mentoring, and resources. For our 20th Anniversary, we are fundraising for 32 scholarships for our program allow 32 additional students to be enrolled in High School Equivalency (HiSet), Computer and Job Skills, English as a Second Language (ESL), or Literacy.

Related News

Fundraising, Nonprofit Technology

Blackbaud Unveils New TeamRaiser Activity-Tracking Feature Good Move

Prnewswire | March 31, 2023

Blackbaud, the world's leading provider of software for powering social impact, has announced the general availability of a new expansive feature for Blackbaud TeamRaiser® in the U.S. and Canada. Good Move™ is designed to help charitable organizations energize their constituents and raise more with a mobile-first gamified activity-tracking and peer-to-peer fundraising experience. This new feature leverages Kilter acquired by Blackbaud in late 2022. "Blackbaud is proud to launch this new opportunity for more powerful engagement and fundraising among our customers and their communities," said Graeme Port, senior director of product management for Peer-To-Peer at Blackbaud. "Offering new ways to attract participants and donors will expand the reach and mission of fueling social impact." TeamRaiser is a leading peer-to-peer fundraising event software for nonprofits, and with the addition of Good Move, will deliver easy-to-use fundraising experiences with the ability to track fundraising and activity goals on real-time leaderboards. Featuring a variety of activity-tracking capabilities (syncing fitness devices, checking into gyms/studios, manual entry tiles) and customizable event types (mindful minutes, read-a-thons, traditional walk/runs, pickleball tournaments, hiking challenges, etc.), TeamRaiser customers can take their fundraisers to the next level and build events that truly resonate with their supporter base for greater returns. "We are grateful for Blackbaud being a valuable partner since 2013 as we've grown together to further our missions," said Stephen Holley, co-founder, president and CEO of Carry The Load and Veteran U.S. Navy SEAL. "Core to our mission at Carry The Load, hundreds of thousands of volunteers have walked millions of miles to honor and remember military service members and first responders who have paid the ultimate sacrifice for our freedom. Launching the Good Move application will expand our reach as a nonprofit and ultimately make a greater impact for those we serve." The Good Move application is now available to all TeamRaiser customers at no additional cost and can be added to any existing campaign or used to create an entirely new one to further engage constituents. About Blackbaud Blackbaud is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud's essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and $100 billion donated, granted, and invested through its platforms every year, Blackbaud's solutions are unleashing the potential of the people and organizations who change the world. Blackbaud has been named to Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom, supporting users in 100+ countries.

Read More

Fundraising, Nonprofit Technology

iWave Introduces Interactive Dashboards for Donor Insights and Trends

iWave | March 10, 2023

On March 09, 2023, iWave, the leading fundraising intelligence solution in the industry, announced the release of its new interactive dashboards and visual analytics for healthcare, education, and nonprofit organizations. The robust suite of dashboards provided by iWave enables organizations to make strategic and operational decisions at a glance, as well as swiftly identify opportunities and trends among their donors and prospects. Examining vast amounts of data and gleaning insights can be challenging and time-consuming using conventional methods due to the growing volume of donor information. The addition of interactive visual analytics empowers fundraising professionals to explore vast amounts of data and efficiently communicate vital insights to their teams. The latest addition to iWave encompasses the following dashboards: Operations: Real-time tracking of in-app activities to help organizations improve platform usage. Major Giving: AI-powered analytics for wealth and philanthropic data visualizations for donors and prospects. Executive Summary: A customized donor portfolio summary includes philanthropic, wealth, and biographic information to share with leadership members. Planned Giving: Planned Giving: Wealth, age, and cause data analytics for donors likely to give a legacy gift. Maps: An interactive geographic map of prospects and donors to choose event locations, plan donor visits, and determine staffing needs depending on geographic distribution. iWave's interactive dashboards are powered by Tableau, enabling organizations to explore, evaluate, and illustrate fundraising data for quicker, data-driven decision-making. These compelling visualizations facilitate the transformation of data into actionable insights. About iWave iWave is a leading software solutions developer based in Charlottetown, Canada, specializing in providing comprehensive and user-friendly fundraising intelligence platforms to nonprofit organizations. Its 30 years of experience in aggregating wealth, philanthropic, and biographic data allows it to empower fundraising teams with actionable intelligence that helps them learn more about their donors, raise more money, and maximize their impact. With its outstanding support team and industry tips on our blog, the company helps nonprofits fundraise with confidence.

Read More

Fundraising,Nonprofit Technology,Financial Management

Armanino Leverages Predictive Analytics to Help Nonprofits for Fund Planning

Armanino | January 20, 2023

The national accounting and consulting firm Armanino LLP recently announced the launch of its Strategic Development Outsourcing (SDO) service, giving nonprofit organizations the only resource in the accounting and consulting fields. SDO, the new service, brings a purposeful development approach powered by analytics and data to help organizations to focus on internal resources to obtain maximum performance. The three-phase approach is used by Armanino's Strategic Development Outsourcing service to drive the results for the nonprofit's funding. The first phase of three is to provide an in-depth analysis of the organization's present fundraising performance compared to the benchmarks of other nonprofit organizations. The second phase identifies potential funding gaps and builds a three-year development model using predictive analytics. Finally, the third phase is to provide expertise to support bridging the funding gap and design a strategy for the nonprofit's funding. Armanino provides ongoing support for custom report creation with donor analytics, maintaining a donor database, assisting with significant gift planning, donor segmentation, planned to give, detailed fundraising analysis, and compliance functions. The company's SDO service evaluates organizations' current donor base using many industry-leading strategies, to help them source new prospects and gauge individual, corporate and institutional funding. The service has the power to provide access to previously inaccessible solutions and data tools, allowing the organizations to take complete advantage of the collective resources and expertise provided by Armanino's state-of-the-art consulting practice offers. About Armanino Founded in 1969 as an accounting and business consultancy, Armanino LLP is one of the top 25 Certified Public Accountants in the nation. The company provides business management, an integrated set of audit, tax, and technology solutions and consulting regionally and nationally. It offers services to companies in every stage of the business. Armanino focuses on intelligent technology and is one of the leaders in the cloud revolution of financial, operational, sales, and compliance tools that are changing the way companies do business. The company is an independent member firm of Moore North America Inc. (MNA), a regional member of Moore Global Network Limited (MGNL), one of the leading accounting and consulting membership organizations.

Read More

Fundraising, Nonprofit Technology

Blackbaud Unveils New TeamRaiser Activity-Tracking Feature Good Move

Prnewswire | March 31, 2023

Blackbaud, the world's leading provider of software for powering social impact, has announced the general availability of a new expansive feature for Blackbaud TeamRaiser® in the U.S. and Canada. Good Move™ is designed to help charitable organizations energize their constituents and raise more with a mobile-first gamified activity-tracking and peer-to-peer fundraising experience. This new feature leverages Kilter acquired by Blackbaud in late 2022. "Blackbaud is proud to launch this new opportunity for more powerful engagement and fundraising among our customers and their communities," said Graeme Port, senior director of product management for Peer-To-Peer at Blackbaud. "Offering new ways to attract participants and donors will expand the reach and mission of fueling social impact." TeamRaiser is a leading peer-to-peer fundraising event software for nonprofits, and with the addition of Good Move, will deliver easy-to-use fundraising experiences with the ability to track fundraising and activity goals on real-time leaderboards. Featuring a variety of activity-tracking capabilities (syncing fitness devices, checking into gyms/studios, manual entry tiles) and customizable event types (mindful minutes, read-a-thons, traditional walk/runs, pickleball tournaments, hiking challenges, etc.), TeamRaiser customers can take their fundraisers to the next level and build events that truly resonate with their supporter base for greater returns. "We are grateful for Blackbaud being a valuable partner since 2013 as we've grown together to further our missions," said Stephen Holley, co-founder, president and CEO of Carry The Load and Veteran U.S. Navy SEAL. "Core to our mission at Carry The Load, hundreds of thousands of volunteers have walked millions of miles to honor and remember military service members and first responders who have paid the ultimate sacrifice for our freedom. Launching the Good Move application will expand our reach as a nonprofit and ultimately make a greater impact for those we serve." The Good Move application is now available to all TeamRaiser customers at no additional cost and can be added to any existing campaign or used to create an entirely new one to further engage constituents. About Blackbaud Blackbaud is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud's essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and $100 billion donated, granted, and invested through its platforms every year, Blackbaud's solutions are unleashing the potential of the people and organizations who change the world. Blackbaud has been named to Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom, supporting users in 100+ countries.

Read More

Fundraising, Nonprofit Technology

iWave Introduces Interactive Dashboards for Donor Insights and Trends

iWave | March 10, 2023

On March 09, 2023, iWave, the leading fundraising intelligence solution in the industry, announced the release of its new interactive dashboards and visual analytics for healthcare, education, and nonprofit organizations. The robust suite of dashboards provided by iWave enables organizations to make strategic and operational decisions at a glance, as well as swiftly identify opportunities and trends among their donors and prospects. Examining vast amounts of data and gleaning insights can be challenging and time-consuming using conventional methods due to the growing volume of donor information. The addition of interactive visual analytics empowers fundraising professionals to explore vast amounts of data and efficiently communicate vital insights to their teams. The latest addition to iWave encompasses the following dashboards: Operations: Real-time tracking of in-app activities to help organizations improve platform usage. Major Giving: AI-powered analytics for wealth and philanthropic data visualizations for donors and prospects. Executive Summary: A customized donor portfolio summary includes philanthropic, wealth, and biographic information to share with leadership members. Planned Giving: Planned Giving: Wealth, age, and cause data analytics for donors likely to give a legacy gift. Maps: An interactive geographic map of prospects and donors to choose event locations, plan donor visits, and determine staffing needs depending on geographic distribution. iWave's interactive dashboards are powered by Tableau, enabling organizations to explore, evaluate, and illustrate fundraising data for quicker, data-driven decision-making. These compelling visualizations facilitate the transformation of data into actionable insights. About iWave iWave is a leading software solutions developer based in Charlottetown, Canada, specializing in providing comprehensive and user-friendly fundraising intelligence platforms to nonprofit organizations. Its 30 years of experience in aggregating wealth, philanthropic, and biographic data allows it to empower fundraising teams with actionable intelligence that helps them learn more about their donors, raise more money, and maximize their impact. With its outstanding support team and industry tips on our blog, the company helps nonprofits fundraise with confidence.

Read More

Fundraising,Nonprofit Technology,Financial Management

Armanino Leverages Predictive Analytics to Help Nonprofits for Fund Planning

Armanino | January 20, 2023

The national accounting and consulting firm Armanino LLP recently announced the launch of its Strategic Development Outsourcing (SDO) service, giving nonprofit organizations the only resource in the accounting and consulting fields. SDO, the new service, brings a purposeful development approach powered by analytics and data to help organizations to focus on internal resources to obtain maximum performance. The three-phase approach is used by Armanino's Strategic Development Outsourcing service to drive the results for the nonprofit's funding. The first phase of three is to provide an in-depth analysis of the organization's present fundraising performance compared to the benchmarks of other nonprofit organizations. The second phase identifies potential funding gaps and builds a three-year development model using predictive analytics. Finally, the third phase is to provide expertise to support bridging the funding gap and design a strategy for the nonprofit's funding. Armanino provides ongoing support for custom report creation with donor analytics, maintaining a donor database, assisting with significant gift planning, donor segmentation, planned to give, detailed fundraising analysis, and compliance functions. The company's SDO service evaluates organizations' current donor base using many industry-leading strategies, to help them source new prospects and gauge individual, corporate and institutional funding. The service has the power to provide access to previously inaccessible solutions and data tools, allowing the organizations to take complete advantage of the collective resources and expertise provided by Armanino's state-of-the-art consulting practice offers. About Armanino Founded in 1969 as an accounting and business consultancy, Armanino LLP is one of the top 25 Certified Public Accountants in the nation. The company provides business management, an integrated set of audit, tax, and technology solutions and consulting regionally and nationally. It offers services to companies in every stage of the business. Armanino focuses on intelligent technology and is one of the leaders in the cloud revolution of financial, operational, sales, and compliance tools that are changing the way companies do business. The company is an independent member firm of Moore North America Inc. (MNA), a regional member of Moore Global Network Limited (MGNL), one of the leading accounting and consulting membership organizations.

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