The ENGAGE Podcast Episode 246: Future of Nonprofit Finance: Cyber Security
NpEngage
by sgENGAGE Team
1w ago
As part of Blackbaud’s series on the Future of Nonprofit Finance, Sarah Curry sat down with George Werbacher, the Senior Manager for Information Security, to discuss how nonprofit organizations can prioritize cyber security in 2023. George talks through how organizations can see data security as an investment and highlights how implementing controls helps the organization do more to drive impact. We learn about how organizations can do a “threat model” to start an open dialog about where the risks are, including who is using data and how that’s being used. Subscribe to the podcast on iTun ..read more
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2023
NpEngage
by Carrie Watkins
1w ago
Working with a lean budget means even the slightest unexpected expense can create a stressful situation. So, when inflation made dollars not stretch as far and staffing shortages shifted more duties to a fewer number of people, many nonprofits found 2022 to be particularly stressful. From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. Here are seven ways your team can make sure your nonprofit has a strong financial foundation this year. 1. Create an Operating Res ..read more
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Why Major Gifts Should Drive Your 2023 Development Plan
NpEngage
by Kate Averett Anderson
1w ago
At the heart of fundraising are the supporters who believe in your cause and want to place their trust, and dollars, into your organization to make a change in the world. Stepping into 2023, organizations and their donors are likely going to navigate a recession together­–impacting giving and the philanthropic landscape. The good news? With an informed development plan, there is no reason that 2023 can’t be your best fundraising year to date and a prime year for major giving. In fact, setting your sights on major gifts this year may be more important than ever. Understanding the role of major ..read more
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Making a Case for Calculating Your Nonprofit’s Indirect Costs
NpEngage
by Dr. Colton Strawser
1w ago
If the 500-piece puzzle you are working on only has 475 pieces, you would not only have gaps in the final picture, but it would also be incredibly frustrating to put together. Creating your nonprofit budget and funding requests without including your indirect costs is like putting together a puzzle and not having all the pieces. Nonprofits can use indirect costs to help illustrate the total cost of a program, budget for new ventures, and communicate the need for funding entire programs rather than just the direct programmatic expenses. After all, you need people and places to offer programs—it ..read more
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Responsive Philanthropy: How to Address Community Needs in Time of Crisis
NpEngage
by Carrie Watkins
2w ago
Operations at Headwaters Foundation for Justice, a foundation that invests in grassroots organizations across Minnesota, were humming along well. The social justice organization supported Black and Indigenous people through grantmaking with an annual budget between $2 million and $3 million. Then 2020 happened and community needs spiked. To meet demand, the foundation launched two rapid response funds for public health and social justice initiatives within a month of each other. What happened next is the stuff of nonprofit dreams: These campaigns brought in $4 million. But that also presented ..read more
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Best Practices for Protecting Your K–12 School from Cybersecurity Threats
NpEngage
by Kimberley Martin
2w ago
Malicious cyber activity is on the rise worldwide. In private K–12 schools, foreign cybercriminals, school vendors, employees, and even students have perpetrated recent cyberattacks. While protective technology is imperative, cybersecurity is primarily a people problem. Your school may have the best firewalls and technical protections in place, but attackers can get into your system if one employee makes one mistake. Blackbaud takes cybersecurity very seriously, and the protection of our customers is paramount. Here we offer information and best practices to keep cybersecurity at the forefront ..read more
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Why You Should Stop Trying to Save the World
NpEngage
by Meico Marquette Whitlock
2w ago
I get it. You’re committed to making a difference in the world. You love you what you do and you’re good at it. But you struggle with finding the right balance between work and having a fulfilling personal life. And as a result of the pandemic, your life and work are further complicated by change, disruption, and uncertainty. But here’s the deal: we’ve experienced a collective trauma that has dramatically changed how we approach life and work. We’re grieving the loss of loved ones and a way of life that will never return. The world has changed and will continue to evolve as we figure out what ..read more
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Shifts in Nonprofit Finance: Looking Back at 30 Years of Evolving Technology
NpEngage
by Carrie Watkins
3w ago
Manual typewriters. Paper checks. Handwritten ledger books. A bottle of bleach at the ready for ink-inscribed mistakes. This isn’t the start of a dystopian accounting novel. It’s what the nonprofit finance office looked like only a few decades ago. Managing change can be difficult, but in looking back over the past 30 years of technology, it’s easy to see the benefits of continued evolution. In a recent webinar, we talked with nonprofit experts Natalie C. W. Smith, Controller at The Duke Endowment, Joseph Ali from PKF O’Connor Davies, Elizabeth Marenakos from Blackbaud, and Greg Sheppard from ..read more
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The sgENGAGE Podcast Episode 245: Future of Nonprofit Finance: Cryptocurrency
NpEngage
by sgENGAGE Team
1M ago
As part of the series Future of Nonprofit Finance, Blackbaud’s Sarah Curry sits down with Alex Wilson, the Co-Founder of The Giving Block to discuss why the conversation around cryptocurrency matters for nonprofit finance teams. They touch on some of the cryptocurrency trends and why organizations should think about owners of cryptocurrency as a donor demographic as well as a way to diversify revenue streams. Topics Covered: Is cryptocurrency safe? How does it work? How is it tracked? How do taxes work? Subscribe to the podcast on iTunes, Stitcher or your preferred streaming s ..read more
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Creating a Connected Campus to Award More Scholarships and Improve Student Outcomes
NpEngage
by Kimberley Martin
1M ago
As undergraduate enrollment continues to decline—one million fewer students enrolled in 2022 than in 2020—colleges and universities must consider new ways to attract and retain students. With economic concerns among the most significant barriers to enrollment, scholarships can be a valuable tool in recruitment and retention efforts and can help drive college completion. Disorganization, decentralization, and disconnection in scholarship administration all over the country lead to underutilized scholarship funds, a lack of stewardship efforts with major donors, and students not receiving the ne ..read more
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