This article is offered by MissionBox, bringing you Engagement Communities (EC).
Engagement Communities™ (EC) is an affordable, easy-to-use, state-of-the-art digital software solution, supporting new levels of stakeholder engagement for nonprofits, charities, membership associations, foundations and affiliated organizations.
#1 . CHARITABLE GIVING REBOUNDS
The trend-line for donations and number of individual donors will continue strong in 2021, relative to sector. This is playing out in more new donors, larger average gift size and increased frequency of giving for services considered essential.
#2. NONPROFITS DIVERSIFY REVENUE STREAMS
Charities are identifying new sources of income to supplement donations. Charities are now selling their products and services as well as opening or partnering on new ventures.
#3. MERGERS AND STRATEGIC PARTNERSHIPS
Mergers are being used strategically by charities to either survive, post- COVID-19 or increase impact or both. In a recent study, 88% of post-merger organisations believed they were better off than prior to the merger. It's all about mission and match.
#4. OUTSOURCING OF ALL NON-CRITICAL FUNCTIONS
Charities are continuing to implement creative belt tightening in all six areas of nonprofit operations. From Fractional CFOs and outsourced back offices to contracted marketing departments, managers are looking to cut costs through outsourcing "important but not critical functions" across the board
#5. BOARD MAKEOVERS
Charities are looking for smarter, specialized and more diverse trustees. Trustees are being asked to step up or step out.
#6. CORPORATE PHILANTHROPY EXPANDS
Not long along, only a few enlightened businesses actively promoted social issues as part of their marketing and branding. Today, corporate philanthropy and corporate social responsibility are integral parts of most every serious business plan.
#7. ACCOUNTABILITY AND TRANSPARENCY REDEFINED
Charities are being pressed for greater accountability and transparency from all sides. For example, larger funders and Millennials are pushing nonprofits Audited Financial Statements and Annual Reports and are insisting on Social Impact Reports before making funding decisions.
#8. LARGE NONPROFITS GET LARGER
As Millionaire DAFs and Billionaire foundations continue to grow, their donations will continue to disproportionately go to larger, more established nonprofits. It’s about capacity, capability and being able to use the funds for the greatest impact.
#9. BEST PRACTICES BECOME VALIDATION STANDARD
Nonprofits, Funders and Industry Experts are independently finding that surveying operational competence against Best Practices or prescribed industry standards can be learned and improved. Smart tools, like OpX360®, offer the greatest value for the least amount of time and money invested.
#10. TECHNOLOGY ADVANCES
Funders and Industry Experts are leading charities into the 21st Century. From small tools to fundraising apps to integrated digital platforms, Nonprofits are leveraging technology to increase revenues, improve communications and decrease expenses.