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When it comes to fundraising, it's all about the numbers.
But when it comes to data, it's all about " cultivating data excellence."
That's what Forbes is calling the next big thing in fundraising, a way for nonprofits to harness the power of data to make more informed decisions and, in some cases, actually increase their fundraising.
Here are some of the best practices you can follow to get there: Data governance: It's important for nonprofits to have clear, ethical policies in place for the sensitive data they handle, as well as HIPAA and General Data Protection Regulation requirements for privacy and access control.
Data integration: It's important for nonprofits to have a system in place that allows them to work with data from other sources, such as artificial intelligence (AI) applications.
Conduct a comprehensive data audit: This will help figure out where the data comes from, who has access to it, and how it's being used.
Document and communicate these policies across the organization to make sure they're up to date and consistent.
Allocate a budget for ongoing maintenance: It's vital that nonprofit staff members regularly upgrade their data skills through ongoing training.
Partner with a data expert: If you can't find an expert on your own
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
The Executive Director is accountable to the Board of Directors and oversees staff, volunteers, and community collaborations.The Executive Director must have a Bachelor's degree in journalism,...more
Farmland LP's Fund III Receives California Organized Investment Network (COIN) Impact Investment Bulletin Certification.Farmland LP is the largest fund manager in the U.S.with a $250 million target...more
Superior Health Foundation announces Launch of AED Program Opening of Care Access Fund Grant Cycle for 2025 | News, Sports, Jobs - The Mining Journal.Superior Health Foundation has announced the...more
Humanitru, a data-driven strategy and engagement platform for mid to enterprise level nonprofits, has successfully closed a $3 million fundraising round.The investment comes at a pivotal time for...more
JBWere has appointed two former Perpetual advisers to shore up its philanthropic client offerings at its Melbourne and Brisbane offices.Hurley was an associate partner at Per petro for more than...more
Foundation: Lumina Foundation
Lumina aims to ensure education remains accessible, valuable, and aligned with today's workforce needs.Reaching our 2040 goal requires collaboration among educators, businesses, government agencies,...more
Make time for innovation with old and new technologies, Verato says.Find vendors flexible to expand to a hospital's innovative use cases.As digital transformation and AI progress at lightning...more
Spectrum Digital Education partners with nonprofits across the Company's 41-state service area.Nonprofit organizations can learn more about Spectrum Digital Education and apply for a grant from March...more
Foundation: San Diego Foundation
The San Diego Foundation awarded $838,704 in Opening the Outdoors grants to 24 nonprofit organizations that offer equitable access to outdoor spaces in San Diego County.Christina DeBenedict is the...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
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Philanthropy Shaping A New Miami
Many people, organizations and businesses in Miami are actively committed to philanthropy. As Javier Alberto Soto, president and CEO of the Miami Foundation, puts it, “Miami is home to a young, diverse demographic that’s looking for ways to get involved, ways to improve our community that aren’t traditional, like a formal gala.”
