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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.
"Nonprofit and the Arts: Dance Theatre of Harlem" is a conversation about nonprofit management, the arts, and the changing landscape.M.S.Smikle Jr, Robert Garland, and Anna Glass will speak.The event...more
Trump Administration Policies Create Challenges for Nonprofits - NonProfit PRO.Center for Effective Philanthropy surveyed 585 nonprofit leaders from February 3 to 21.85% of nonprofit leaders cited...more
Judith Caprio came to Headrest, located at at 14 Church St., in January 2023, replacing Cameron Ford, who led Headrest for five years before he died unexpectedly in 2022.Mason says Caprio blamed...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
Foundation: Walton Family Foundation
Leaders in California, Arizona and Nevada sent a letter to Doug Burgum, the newly-appointed Secretary of the Interior.The seven states that share the river are under pressure to create a new plan for...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
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
Foundation: Gates Foundation
Melinda Gates reveals Warren Buffett's advice on focusing efforts on core issues for better productivity and stress management.Buffett, the billionaire investor and CEO of Berkshire Hathaway, served...more
Over 1.2 million trees have already taken root across 100 communities, signaling strong momentum.Farmers will receive a share of carbon credit revenues and income from fruit and medicinal tree...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
Social Entrepreneurship
Spotlight
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.”
