How Nonprofits Can Achieve a Data Center of Excellence

credit:

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

Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

Arabella Advisors Hires Allan Williams As Senior Vice President of Partner Solutions

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 Selects Co-Chairs For 2025 Mlk Leadership Breakfast

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

Kahuna Workforce Solutions Receives Funding From Memorial Hermann Health System

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

United Way of the Black Hills Launch New Initiative

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

Charity Navigator Launches Beneficiary Voices Fund

Charity Navigator announces the launch of the Beneficiary Voices Fund.Donors can invest in this fund to support organizations using beneficiary input to drive meaningful, community-driven change.The...more

15 Compelling Nonprofit Stats From 2024
Foundation: National Philanthropic Trust

Charitable Dollars Rose 3.7% Through June the Largest Second-Quarter Jump in 4 years.Half of Nonprofit Leaders Cited Donor Acquisition as a Top Challenge this year.The value of a volunteer hour...more

Crisis, Climate and Conflict Drove Disaster Philanthropy

New Data from the Center for Disaster Philanthropy (CDP) while it is not record-level funding, it was the third highest amount since the nonprofit started reporting such data in 2014.Overall giving...more

The Bronx Community Foundation Is in Turmoil

The Bronx Community Foundation has raised millions for social causes in the Bronx.But the foundation is facing criticism from community groups and former board members.Concerns over finances,...more

In Sierra Leone, Nonprofits Are on the Frontline Against Mpox

Sierra Leone's success highlights the strength of a coordinated network of NGOs.Many nonprofits in Sierra Leone that partner with the government to prevent a wider outbreak have so far been...more

News in Brief: Blackbaud, Rkd, Moore
Foundation: Share Our Strength

RKD Group in Dallas is the new direct response fundraising agency of record for Feed The Children in Oklahoma City, Oklahoma.Moore AudienceFirst Media was selected by No Kid Hungrya campaign of Share...more