Our Tip of the Month series shares practical advice inspired by our Principles and Practices Guide: Best Practices for North Carolina Nonprofits designed to help you strengthen your organization, engage your community, and achieve your mission.
Recent presidential executive orders have introduced significant changes that may affect nonprofit organizations’ planning, particularly when it comes to fundraising. To navigate these changing developments effectively, consider the following fundraising tips.
1. Stay Informed and Proactive
It's crucial to stay updated on these changes by regularly consulting reputable sources like the National Council of Nonprofits, North Carolina Center for Nonprofits, and relevant government agencies. Proactive engagement allows your organization to anticipate challenges and adapt accordingly.
2. Diversify Funding Sources
Diversifying your revenue streams is even more crucial. Explore alternative funding avenues such as individual donations, corporate partnerships, foundation grants, and earned income opportunities. Building a broad base of support can help mitigate the impact of federal funding fluctuations.
3. Strengthen Advocacy Efforts
Engage in advocacy to inform policymakers about the critical role your organization plays in the community. Most importantly, keep your board in the loop!
4. Review Compliance and Operations
Executive orders may introduce new compliance requirements or affect existing ones. Conduct thorough reviews of your organization's operations, programs, and funding sources to ensure adherence to any new regulations. Consult with legal counsel or compliance experts to navigate complex changes effectively and stay tuned to the Center’s weekly policy updates.
5. Communicate with Stakeholders
Maintain open lines of communication with your donors, beneficiaries, and partners. Inform them about how executive actions may impact your work and how you plan to address these challenges. Transparent communication fosters trust and can rally additional support during uncertain times.
Helpful Resources & Tools
- Resource: BoardSource offers great insights on engaging boards in fundraising.
- Resource: Candid’s Foundation Directory is a powerful tool for finding grants and foundation funding.
- Tool: Bloomerang is a donor management software that helps nonprofits track donor engagement and retention.
- Tool: Givebutter is a free platform for peer-to-peer fundraising, events, and donor management.
- Tool: Classy is a leading online fundraising platform designed for nonprofits.
- Tool: Text-to-Give by Qgiv allows nonprofits to accept donations via text message.
- Tool: Handwrytten automates handwritten thank-you notes for a personal touch.
- Tool: Keela is an AI-powered fundraising CRM that helps nonprofits set goals and measure impact.
