Effectively securing institutional funding requires a strategic approach. By understanding the main types of grants for nonprofits that are available (and how these diverse revenue sources align with your overall development goals), your organization can establish a predictable roadmap for sustainable growth. The following sections explore major funding opportunities for modern charities and educational institutions. […]
Managing donation workflows for church ministries and other religious nonprofits requires balancing rapid accounting with strategic stewardship. Not to mention, these organizations face unique operational challenges in faith-based gift processing when managing weekly tithes, seasonal offerings, recurring donations, and more. The following strategies outline five smart ways to update your internal operations, maximize your fundraising […]
Many supporters assume their contribution ends the moment their volunteer shift concludes. However, for nonprofits leveraging corporate volunteering programs, that time is often just the beginning of the financial impact. The primary barrier to accessing this revenue is rarely a lack of eligibility, but rather a lack of awareness regarding volunteer grants and paid volunteer […]
A strong accounting system is key to building an adaptable, sustainable organization. But unlike your for-profit counterparts, your nonprofit must use fund accounting practices rather than traditional accounting methods. Jitasa’s guide to fund accounting defines this term as “a method of financial management that tracks the amount of money allocated to various operations at a […]
Imagine you are driving somewhere you have never been before. Even if you have an idea of where you will end up, you will need some type of directions to ensure you make it to your destination without getting lost. The same goes for financial management. While you likely have ideas for managing your organization’s […]
