It’s important to look at trends and technology changes for all businesses, even for a nonprofit. In this digital age, the technology changes occur at an overwhelming pace and unless you’re involved with these changes, it can also be somewhat difficult to learn about them. In this article we look at the latest report by Giving USA nonprofit fundraising numbers and how they can impact giving.
How you can best use this report:
Adapt Early– a distinct advantage over peers and other nonprofits competing for attention of your prospect donors.
Innovate– for your nonprofit to improve its processes, bring new and improved products and services to its donors, increase its efficiency and, most importantly, improve its profitability it is important to innovate.
Build the right team– armed with the new knowledge and having decided how to best use it, hire the right team with the right skills.
When it comes to fundraising for nonprofits, 2017 has been a great year. For the first time in history, overall charitable giving by Americans crossed the $400 billion mark. With as much as $410.02 billion coming in as donations, there was solid growth across different sectors.
Giving by individuals and households continued its remarkable role in American philanthropy… The role of philanthropy in society is evolving, and so are the ways in which Americans engage in philanthropy. We are seeing more innovation and collaboration, ranging from the tools and platforms used to give, connect, and volunteer, to the ways people and organizations come together to identify and solve complex societal issues.
Giving USA FoundationTM
Let’s take a look at some of the recent philanthropic data to understand donor preferences. This infographic- Giving USA nonprofit fundraising numbers presents a break up of charitable giving by source and the recipients who have got the maximum share of these funds.