Nonprofit leaders can employ the strategic planning process to keep the organization focused on its mission and goals. Strategic plans can be helpful in anticipating and responding to changes, building consensus within the organization, and keeping the operations of the nonprofit aligned with its mission. For example, leaders can target spending only on those programs and projects that are identified as vital, and they can link fundraising and applications for grants to the nonprofit's strategic vision.
Starting a nonprofit can be a daunting venture, but don’t let the potential negatives overshadow the positives. There can be many social advantages to starting a nonprofit, including providing a service, protection from personal interests, sustainability, volunteer involvement, and invested employees. There are also financial benefits, including tax exemption, grant support, foundation support, and tax deduction for donors. Check out our latest infographic, which goes into more detail about the social and financial benefits of starting a nonprofit.
The most significant difference between nonprofits and for-profit organizations lies in their purpose: nonprofits have a social mission, while for-profits aim to offer products and services that are valuable to consumers and generate revenue. Nonprofits also receive certain tax breaks. Check out these seven key differences between nonprofit and for-profit organizations in our latest infographic.
Social media is transforming the way America does business, but it may be even more important in the nonprofit world. Nonprofits, after all, rely on personal connections to reach donors, and social media is all about forming personal connections. Janine Jacques – associate professor and Digital Media program chair at New England College of Business, and founder of her own nonprofit – explains it all in our latest Skye Learning video.
Successful grant writing not only offers nonprofits a way to attract outside funding, but it also helps support an organization's vision and goals. Strategic grant writing looks to align identified needs of the nonprofit (and its clients) with funding sources, whether foundations, government agencies, corporations, or individuals. Learn more about the six stages of grant writing in our latest infographic.
The storm has been building for years. Now it’s hitting with full force.
The storm currently battering the nonprofit sector is a generational one. Leaders of the nation’s 1.6 million nonprofits are old (the median age for mid- and upper-level nonprofit manager is 52, according to a 2018 nonprofit leadership survey), and getting older. And like a lot of Baby Boomers and older Gen-Xers, they’re ready to retire.
If you’re thinking about going to work for a nonprofit (or even starting your own), you should know that the nonprofit world is not for everyone. Our latest Skye Learning video explains eight key differences between nonprofit organizations and for-profit companies, to help you decide which one would be the better fit for you.