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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.
BIMM University is home to four specialist schools that cater to various creative disciplines.Students specialise in modern music, performing arts, filmmaking, and creative technology.The curriculum...more
The World Bank's Board of Directors has approved US$250 million for the Morocco Transforming Agri-food Systems Program.The Program is designed to improve climate resilience and risk management in...more
Foundation: Scranton Area Community Foundation
The Wright Center for Patient & Community Engagement, a nonprofit subsidiary of The Wright Centers for Community Health and Graduate Medical Education, has been awarded a $10,000 grant from the...more
The Community Foundation will distribute 23 grants to 22 nonprofits, totaling nearly $1.9 million.The rest of the $2 million was used to cover administrative costs.Recipients include Community...more
The Jewish Community Foundation of Los Angeles recently awarded $4.3 million in grants to 87 organizations.In Los Angeles, the grants are being awarded to 58 Jewish nonprofits to "enhance healthier...more
Arabella Advisors Hires Allan Williams as Senior Vice President of Partner Solutions.Williams will oversee Arabella's efforts to deliver best-in-class operational support and strategic services to...more
TOBA selected Rebecca Washington and Antonio Matthews as its breakfast co-chairs.The breakfast will be held on Monday, January 20, 2025, at 6:45 A.M.at the Marriott Tampa Water Street, 510 Water St.,...more
Edison International partners with the nonprofit DIY Girls to empower young women to pursue STEAM education in the San Fernando Valley.Trio is not the same company as Southern California Edison, the...more
Kahuna Workforce Solutions Receives Funding from Memorial Hermann Health System.Kahuna's digitized skills management platform helps leading health care institutions move away from paper-based, manual...more
Vucurevich Foundation (JTVF), and Innovative NonProfit (INP) are partnering to support and educate nonprofit organizations in the Black Hills region.The initiative, called Nonprofit 360, will provide...more
Nonprofit Management News from...
National Philanthropic Trust
Share Our Strength
Dallas Foundation
Montana Community Foundation
Venture Philanthropy Partners
Quad Cities Community Foundation
Berkshire Taconic Community Foundation
Herbalife Family Foundation
Community Foundation of Tompkins County
Arkansas Community Foundation
Social Entrepreneurship
Spotlight
Social Enterprise Shortlisted for First Citi Microentrepreneurship Awards
First Enterprise Business Agency (FEBA), a Nottingham-based business support organization, is a contender for two categories at the first Citi Microentrepreneurship Awards to be held this coming February.
