According to the Chronicle of Philanthropy, the top 50 U.S. Not-for-Profit donors declined to an all-time low total pledge of $3.3 billion last year. While $3.3 billion may seem like a large amount, when spread over the thousands of charitable organizations, it certainly thins out. With a decrease in top donors, this means attention must now be focused on expanding the pool of donors to maintain or increase nonprofit funding.
Traditionally, the major obstacles faced by Not-for-Profit organizations include trust accounting, donor and event management, inter-fund transfers, and 501(c)3 compliance reporting.
To keep these items under control and allow more time for a focus on fundraising, it is crucial to have an Enterprise Resource Planning (ERP) tool that makes managing multiple tasks as easy as possible. Microsoft Dynamics Business Solutions Great Plains (GP) Project Accounting software effectively allows you to:
• Increase employee productivity
• Track unlimited contracts and projects
• Stay informed about budget changes and revenues
• Manage Intrastate statistics
• Work with flexible accounting methods
• Capture project-related time and expenses
• Ensure timely, accurate billing
According to the 2010 Fenton Forecast Leadership and Effectiveness Among Nonprofits, “Research reveals that trust is the single most important component in the relationship between donors and nonprofits. Existing and potential donors must believe that a nonprofit is managing its funds to have the largest impact before they will invest.”
This study also contains interviews with 1,000 Americans on their perceptions and attitudes about charitable giving, the causes they are most passionate about, the leadership attributes of high-performing nonprofits, and their perceptions of 50 well-known nonprofit organizations.
The team at MIG provides powerful solutions that allow NFPs to automate processes while reducing costs. Visit MIG’s resource center for nonprofits to find out how our technology can help your business grow and improve in this challenging economic environment.
MIG & Co. – A New York City based Microsoft Dynamics Gold Partner, with vast experience working with nonprofit/ not-for-profit organizations.