Should #nonprofits feel optimistic about their fiscal health this year?
There are signs that the economy is improving.
According to #DanParks of the #ChronicleofPhilanthropy, there are six economic indicators for nonprofits to watch that right now are showing mostly positive gains.
*Consumer sentiment index rose in March to its highest level in a year.
* Gross Domestic Product rose by 4.3% this quarter.
* Regional economic indicators may be more relevant to local non-profits. This has varied significantly, by region. For instance, the South and Midwest shut down less of their economy which may make donors feel more confident in the economy than in regions experiencing massive shutdowns.
* Unemployment is down from a high of 15% to 6.2%, which may reduce demand for some social services. But not all communities have experienced the same level of employment resiliency.
* #Stockmarket which took a hit at the beginning of the Pandemic has roared back stronger and saw record increases in the Fall.
* #Federalstimulus of $1.9 trillion includes $350 billion to states and localities who will in turn pay nonprofits what they owe and continue to contract for services.
$50,000 million will go to nonprofits to boost hiring and meet increased demand for services.
#fundraising
Funder-Partners
Do you want to create a more dynamic relationship with your funders?
Consider involving your funders in your design process. Using active design strategies, you can create an innovaton environment that involves both internal and external stakeholders. We have focused on building funder relationships around a shared purpose. What if you involved your funders as partners, in the design, development, and dissemination of your work? Here are some thoughts:
· Engage Funder-Partners in your design team and agile processes;
· Provide opportunities for funders to bring their expertise into the design team;
· Get feedback from your funder-partners on prototypes and pilots, early and often;
· Involve members from across your organization in developing the funder-partner relationship.
These approaches create a long-term commitment to your institution with the added collaborative and design pieces.
What are the ways you have involved foundation and corporate funders in your work?