POLY STUDIO IS NOW CERTIFIED FOR MICROSOFT TEAMS

Nonprofit Management

Article | July 20, 2022

Most nonprofits know about corporate sponsorship, but have you tried matching gifts and volunteer grants? Has a business ever donated goods or services to your nonprofit? What about a business donating to a cause or capital campaign? If you haven’t explored corporate philanthropy options, chances are you’re leaving money on the table. Corporate philanthropy programs are a great way for nonprofits to raise crucial funds. Plus, there are often non-monetary benefits that add additional incentive to embrace a business’s social responsibility program.

Nonprofit Management

Article | July 11, 2022

The relationship costs too much money, so I will save money and not pursue it. And the result of that decision is disastrous. Relationships take time. You know that. Your boss knows it. But we ignore time because that is how we have set up things. There is a budget to manage. A forecast to make. So, we go for the fake relationship. One where we pretend to care, but only if we get the money. We do that — not because we believe it’s the right thing to do but — because we can’t see any other way to deliver on expectations. And that is the dilemma in major gifts. The push is for instant gratification. We are dealing with a situation right now where the authority figure does not value relationships. She says she does. She even claims to have a value set that cherishes relationships. But the money is the real value. And the need to grab it is the central drive. So, she is pushing on her major gift officers (MGOs) to get the money and is even threatening to do away with the major gifts program because it is not delivering. But when we uncover what “not delivering” means in her view, it is not that each MGO is not producing revenue from the same donors over and above last year. Nope. It is that each isn’t producing enough revenue quickly enough. The real story in this organization is that some of the other fundraising programs are not performing, and major gifts needs to be the scapegoat. It’s all about the money. This is so sad because these are good people — all of them, including the authority figure. It is sad because the plan to move major gifts into real relationships is facing failure. And that bothers Jeff and me — not because it’s our plan for the organization. No, it bothers us because there are good MGOs and good donors who must revert back to a fake relationship. And that is not good. One of our major objectives is to influence fundraisers and nonprofit leaders to highly value and respect donors. When we succeed at that, and we do, more often than not, it brings donors, MGOs and leaders a tremendous amount of joy and satisfaction. And, it brings the money. You should see the celebration! But when money is valued over relationship, it is a dark and depressing time for us. That is why the situation I described earlier is so disturbing. It’s not that we are going to lose something. No, that is not it. It’s that some very good MGOs and some very good donors will be forced to live in superficiality and shallowness. And that is not good for anyone. And it certainly is not good for the economic well-being of the nonprofit. Make a commitment today to real relationships with your donors. And if your organization does not support that, try to influence it to change. If the organization will not change, move on. You have a choice.

Nonprofit Management

Article | July 20, 2022

Unless you've been living under a rock, you're undoubtedly aware that cryptocurrency is now trending. That doesn't imply you understand everything about it and how it pertains to your non-profit. After all, that's why you're here. But chances are, your curiosity has been stirred. There are several questions around cryptocurrencies, which we will address. But, before we get into the specifics, consider why it's important. Why Your Non-profit Should Accept Cryptocurrency? The rising popularity of bitcoin makes it an appealing payment option for charitable contributions. Because it is a digital money, it is simple to collect online donations. Accepting bitcoin is a reasonable next step after online donating has risen in recent years. Furthermore, it looks that bitcoin users are a charitable lot. According to Fidelity Charitable, 45% of bitcoin owners will have contributed $1000 or more in 2020, compared to 33% of traditional investors. Accepting cryptocurrency may appeal to younger contributors because it is popular among Millennials. One in every three Millennials owns cryptocurrencies, which is more than double the typical investor's rate. Millennials are notably kind and charitable, maybe because they entered adulthood during the Great Recession. Risks and Considerations to Accepting Cryptocurrency: While block chain and encryption make cryptocurrencies harder to hack or forge, this does not mean they are risk-free. Most cryptocurrencies, for example, are stored in digital wallets that need a key and password to access the assets. However, hackers may attack digital wallets. In the worst-case scenario, owners may misplace the key and passwords required to access the funds. When bitcoin is lost, it is gone forever. It is anticipated that $4 million in Bitcoin may be lost. On the dark web,cryptocurrency is also utilized for transactions. The anonymity of cryptocurrencies and the obscuring of transaction data appeals to individuals with less than noble intents. Furthermore, the IRS considers cryptocurrencies to be property and taxes it accordingly. Depending on the circumstances, it may also be deemed capital gains. Is Cryptocurrency Right for Your Non-profit? While accepting cryptocurrencies for donations has advantages, such as attracting new contributors, it also has drawbacks. Whatever you pick, it appears that we are entering a wild new world of digital cash.

Article | April 12, 2020

Your community can potentially boost your nonprofit’s efforts and take your organization to new heights. But how do you get the community to fall in love with your nonprofit? This can be tough for both established and startup nonprofits alike. If your community isn’t as involved as you’d like, launch a community awareness campaign and endear yourself to your community in 5 simple steps!