Growing philanthropy advice

whitePaper | February 26, 2020

Big promises are being made about artificial intelligence (AI) and how it will impact our lives. Experts say AI is slowly “edging” its way into daily life, but tectonic changes in transportation, the workplace, and lifestyle have yet to pass. So, when will AI truly “arrive”? In some areas, it already has. One such area generating substantial value is, perhaps surprisingly, the nonprofit space. While nonprofits aren’t historically at the forefront of technological advancement, this sector is quietly becoming an early adopter of AI.

whitePaper | April 1, 2022

This year there are increasing macroeconomic headwinds on the horizonaltogether. As we continue to operate in an uncertain environment this will undoubtedly increase the importance of the work of charities in our society. In this publication, we consider these headwinds, and the sector risks they present as well as the opportunities and practical considerations for charities. A particular focus will be on climate change and how charities can develop their response in this area. We also review wider developments in the charity world, including in relation to specific risks and external audit, as well as in the areas of tax and VAT.

whitePaper | July 8, 2022

Cryptocurrency has become a catalyst for innovation because the attributes that make digital assets great for remittance and e-commerce are the same properties that make them attractive to both charities and the philanthropists such as: Low payment processing fees Efficient, borderless transfers to charities all over the world A high degree of anonymity—an important factor for many donors Transparency, which helps track donations The desire of nonprofits to attract cryptocurrency donors is driving new technical solutions and promotion strategies beyond placing “Donate Crypto” buttons on platforms.

whitePaper | June 1, 2022

When you are trying to get to the same place as everyone else, you can use the same map. But when you are blazing your own trail, those directions might help you get started, but they won’t get you where you ultimately want to go. With financial reporting, you need the standardized reports that everyone uses—such as a cash flow statement or budget to actuals—to give you an understanding of where you sit financially. These reports also help you see how you compare with industry benchmarks and other not-for-profit organizations. Knowing that the entire industry is seeing their expenses increase because of inflation makes your tighter margins easier to understand.

whitePaper | January 6, 2020

Artificial intelligence (AI) is changing our world on a daily basis. The world of medicine is being industrialized by artificial intelligence, the data you thought you owned is being used to manipulate elections, and everyone is connected, everywhere. Much research has been done on the State of Artificial Intelligence in the world, but less research has been completed in the nonprofit sector. The SAINS report will add to the body of nonprofit literature and accelerate artificial intelligence advancements for nonprofits.

whitePaper | November 4, 2021

The primary purpose of this publication is to present an accessible guide on the many topics pertaining to the process of starting a 501 (c)(3) organization with the sound construction needed to be successful and sustainable. The materials presented are based upon nonprofit best practices, and though there will be a brief mention of other types of tax exempt organizations for educational purposes, the focus of this guide is on the 501 (c)(3) organization. It is the Oklahoma Center for Nonprofits’ mission to educate nonprofit leaders and staff on best practices so that they can grow, develop, and accomplish their stated missions.