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

Third Sector Partners

We are a boutique search firm, providing specialized services to non-governmental organizations (NGOs), institutions and corporates to enable them to recruit CEOs, leaders and board members, best equipped for the job. We also help recruit senior and mid level functionaries who report directly to the CEO or Board. Our services are retainer-based and can be benchmarked against the most exceptional Human Resources standards prevalent today.

OTHER ARTICLES
Nonprofit Management

Popular Cloud Technologies for Nonprofits

Article | July 11, 2022

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
Nonprofit Management

Top 5 Trends for Non-Profits in 2022

Article | July 20, 2022

Non-profits can lead with a data-driven strategy that seamlessly connects staff and volunteers and engages donors if they have the right tools. In the coming year, non-profits will continue to correct course in a still chaotic environment, providing opportunities to rethink strategy with data gathered since transitioning to a digital-first environment. With Dreamforce in the rear-view mirror and the new year fast approaching, our non-profit experts are here to share the top five trends for non-profits in 2022. Non-profits continue to adapt and shift strategies: 89% of non-profit marketers have updated their digital engagement strategy and the ability to pivot to digital-first options. For example, remote fundraising; these are the times when organizations adapt to change and priorities to win the hearts of constituents. Connection and collaboration from anywhere: Getting together, meeting new people, and gathering has changed drastically and will continue to evolve. Hence making remote connections is a key trend for non-profits in 2022. Data-informed decisions: Establishing transparency around your non-profit gives you insights into how your funds are spent. The best way to showcase it is through data-informed decisions. Invest in people: Non-profits use digital platforms and can depend on that data to create meaningful conversations with donors and volunteers to build relationships and also with the staff to ensure what are their needs that requires attention. After two years of going digital, every non-profit’s new year's resolution should be to put data to use. Using data through foundational technology is the best way to connect with constituents while also remaining agile in order to adapt and ensure that teams are working effectively to power your mission. Non-profits must continue to adapt to new ways of fundraising in a hybrid work environment in order to survive and thrive. Furthermore, there is a greater emphasis on finding new ways to connect with donors in an entirely digital environment.

Read More
Nonprofit Management

3 Secrets to a Successful Nonprofit Digital Transformation

Article | July 12, 2022

In light of the COVID-19 pandemic, nonprofit digital transformation is no longer a choice. Organizations are now faced with unprecedented challenges and are turning to technology to work remotely, transfer fundraising efforts online, and check in on the vulnerable populations they serve. The technology needed to accomplish this and fulfill your mission is important, but you must put a plan in place to ensure that the people using these technologies can successfully learn the new processes. Whether they’re your internal staff members, volunteers, board members, or your beneficiaries, people must remain at the heart of your nonprofit digital transformation.

Read More

Why Protecting Donor Data Is No Longer Optional

Article | December 17, 2021

Data is the new currency boosted by artificial intelligence and the pandemic — obviously impacting society in small and significant ways, such as with immense data collection. It's an asset that we all have (our information), and it's precious to governments, corporations and, yes, nonprofits. But not everyone is using data wisely (e.g., safeguarding it), and some are taking advantage of this opportunity. As a result, data gets compromised and put at risk of being stolen or misused, including by nonprofits who haven't invested in cybersecurity. In short, we've reached a moment where the privacy lights are blinking red, and nonprofits must invest in cybersecurity. Protecting donor data is no longer just something nice to do. It's essential, and donors will move away (as well they should) from nonprofits that don't protect their information by having transparent and clear data policies. To put this in perspective, think of companies like Facebook and Google. They know your full name, location, interests and more about you (and your donors) than you might think. These large corporations also know everything about what you do online: where you've been online and who you've chatted with (and when). Inevitably, nonprofits are getting on the data bandwagon to better target and predict how and when donors will give. And while a growing number of tech companies provide fundraisers with much better insights and abilities to raise more money with the use of data, we need to ensure there's a balance. Moreover, nonprofit leaders must know what's involved in obtaining and securing donor data. Data Is the New Gold Data is a commodity for all organizations, from small businesses to Fortune 500 companies and nonprofits. About 97 zettabytes of data exist now, and by 2025, it will nearly double, which is astounding. And we're in a time when you have to use data information to grow and sustain your organization to compete and stay afloat. In other words, it's not an option. However, it’s vital to internalize the message that data is the new gold in the digital era, and it needs to be protected. In other words, cybersecurity is critical. First, the world had the GDPR, which affected U.S.-based companies and nonprofits. Then California created a privacy law, Virginia, and recently Colorado, with other states following. Protect Your Data From Corporate Invasion We need to understand where and how it gets collected to protect everyone's data. In other words, nonprofit leaders don't get a pass on the fact they can't understand technology. No one's saying you have to learn how to code, but you do need to understand the implications of the data your organization collects. For instance, your marketing team probably has Google Analytics set up. As a leader, you need to understand what information gets collected because sooner or later, your donors will ask you. You should understand if and how your web presence collects data, such as the location, operating system, browser type and more from those who visit your site. You should realize that nonprofits, and probably your own, use that information to cater ads and increase conversions on their sites. For example, suppose a donor visited a New York City education nonprofit’s website last week, and now the same donor visits a nonprofit school in Boston. In this case, the one in Boston will know that visitor is highly interested in education since it’ll recognize the browser the visitor used. Even with the most basic tracking and data collection, the chances are that your organization collects this information by using something called "cookies," which store information on a computer or mobile device when someone browses certain websites. Google has an advertising network where advertisers can place ads related to what Google thinks you're interested in — based on things like what websites a person visited or what YouTube videos they watched. Advertisers, including nonprofits, pay Google every time someone clicks on their ads. Google also uses cookies to track browsing habits to show these targeted ads across different devices (e.g., computers, tablets, phones). Although the use of cookies is evolving, the point is that donors know this. Do you? Stop Corporations From Tracking You and Your Donors If you want to keep data safe on the internet, it's vital to curb certain behaviors. First and foremost, realize that the information captured on social media and the engagement from your followers gets transmitted to Google and Facebook, for instance, which, in turn, sells all of it. Second, think about the tools you're using online to engage with donors. For instance, do you want the Facebook Messenger service or chatbots communicating with your donors and collecting their data? It's essential to inform and obtain consent from your donors on how you collect and use their data and make them aware that things aren’t so simple with social platforms, for instance. Use Services That Don't Collect Unnecessary Data One way to safeguard nonprofit communication data is by using services that don't collect any information. For instance, instead of using SMS texts to communicate with your donors, how about using encrypted platforms, such as Signal? Be careful with WhatsApp, as Facebook owns that one. Sure, these services may be a bit more of an inconvenience, but they don't collect personal information, which donors will appreciate. Beware of Free Services and Applications In the digital age, nearly everything has a price. Platforms like Facebook and Google offer you a "free" service in exchange for information. As the saying goes, if you're not paying for it, then you and the data are the product. It means that when you use these services, they give your nonprofit data to advertisers — for a fee from which you do not benefit — to make money off of your donor data and information. Conversely, nonprofits need the data to reach and better interact with donors in the digital age. Therefore, it's a careful balancing act of not taking data for granted and being mindful of the services you use and why. Data as a Premium Commodity Data is undeniably a more sought-after commodity. In fact, it’s now a highly precious and premium commodity. Companies currently spend billions of dollars on data mining and analysis. This happens by using "data brokers" that collect information from public records, surveys, and other databases and then combine them to create detailed reports about people's lives. However, nonprofits should realize the ethical difficulty they face and work with vendors and providers emphasizing ethics and security. Moreover, nonprofits can't stick their collective heads in the sand, and speak honestly and openly with donors about their data. In sum, we need to take data protection seriously: to protect ourselves and donors from abuse, extortion or identity theft!

Read More

Spotlight

Third Sector Partners

We are a boutique search firm, providing specialized services to non-governmental organizations (NGOs), institutions and corporates to enable them to recruit CEOs, leaders and board members, best equipped for the job. We also help recruit senior and mid level functionaries who report directly to the CEO or Board. Our services are retainer-based and can be benchmarked against the most exceptional Human Resources standards prevalent today.

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.

Read More

Events