By: Sarah Pollock Nonprofit Account Manager Big Buzz Idea Group In the last quarter of what has been a very unpredictable year, everyone is fighting with full force towards their year-end campaigns. With a drastic change in the economy, this year has included more asks and more widespread campaigning from nonprofits, and funding sources, themselves, have to be as strategic as the askers. Though workloads have increased, sifting through donor lists and segmenting campaign asks – tasks which always seem to end up on the back burner as tedious and time-consuming – need to become your immediate goal. The development strategy needs to face three questions: How many donor lists do you currently have? How many times has each donor been asked for a...
By: Melissa Lagowski CEO/Founder/Queen Bee Big Buzz Idea Group Does your organization have a reserve fund? According to an annual survey conducted by the National Council of Nonprofits, less than 25% of the survey participants had six months of reserves. The majority had less than three months of operating reserves, and 10% had less than 30 days cash on hand. Many nonprofit organizations have budgets that have them eking through the year with a minimal surplus or worse yet, a financial loss. Why any board member would disregard fiduciary responsibilities and approve a negative budget is beyond me, but that...
By: Melissa Lagowski CEO/Founder/Queen Bee Big Buzz Idea Group COVID-19 has wreaked havoc with nonprofit organizations this year, and many organizations have been forced to cancel or postpone their fundraising initiatives. We have seen organizations focus on their individual giving campaigns, and we have heard some greatly inspiring stories about donors who have really stepped up for causes close to their hearts. But on the other side, there are also many NPOs that are not traditional 501c3 organizations. Many of these other organizations do not have access to grants, donations or governmental funding, so what are they to do during...
By: Lidia Varesco Racoma Owner, Lidia Varesco Design You did it—you made it through #GivingTuesday! But your work is not done yet. Take advantage of the momentum of your campaign: Follow up with your donors and supporters, create meaningful connections that will last throughout the year, and use the insights gathered this year to inspire next year’s campaign. Say thank you—and share results Thank your supporters on social media and share the results of your campaign as well as the impact it has on the people your serve. Sharing a video thank you from the organization’s founder or leaders can...
By: Sherry Quam Taylor Founder, QuamTaylor LLC When I started in nonprofit years ago I had no idea what a Form 990 was – all those numbers and check-boxes seemed like a lot of painful information for someone to fill out. Frankly, I didn’t understand what most of it meant. I’ve put off filing because of “more important” business and have admittedly filed a few extensions myself. But that was before I understood the importance of this little gem of a document. You want your donors to see you as a transparent partner, right? You want them to see...
Part One of a Two-Part Series (Click here to read Part Two) By: Melissa Lagowski CEO, Founder and Queen Bee, Big Buzz Idea Group Be it donors or dinners or annual bake sales, nonprofit organizations live and die by their budgets and funding streams. Finding a steady revenue stream may seem difficult but it also might just be hidden in plain sight: look around to discover that opportunities exist to develop a sponsorship program that can play mightily into your success. Established nonprofits already have an underlying support system in their board of directors, staff members, social media followers, donors,...
By: Stephanie Nivinskus Founder, SizzleForce If you’re like many non-profits, fourth quarter is when you ramp up your fundraising campaigns. After all, Giving Tuesday, the biggest donation day of the year for many organizations, is right around the corner (November 28th, to be exact.) Knowing this, and the fact that more than 30% of annual giving usually occurs in the month of December, there’s no time like the present to prepare your most irresistible fundraising campaign yet. The problem? You may be planning to do fundraising as usual. And because of that, you may miss out on millions of potential...
