January 27, 2014
The Mesothelioma Applied Research Foundation announced in November a plan for a social media fundraiser that included matching from a long-time donor. Since the fundraiser began, a second donor has agreed to match up to $10,000 as well. That means up to $40,000 in funds could be raised by the end of the year.
The campaign is another great example of how nonprofits are using the Internet to the solicit fundraising, and embracing techniques such as matching. The Web and social media have allowed nonprofits to get much more creative with fundraising and do so at a cheaper cost. It was recently announced that Facebook will add a donate now button for nonprofit pages, making it even easier to raise cash on the social platform.
Nonprofits must reducing spending while raising funds
In addition to taking advantage of new ways to fundraise, nonprofits should also seek ways to reduce their yearly operational costs. One method is for nonprofits to opt out of costly state unemployment insurance pools. Nonprofits are required to meet an obligation for unemployment payments, but do not have to pay in to state pools. UI costs for employers have climbed in many states since the recession, so now is a great time to look into alternative methods of funding unemployment insurance.
Opting out means they only reimburse states for the actual amount of unemployment benefits paid out to former employees. While this can save nonprofits money in most cases, there are circumstances where it could become more costly. Because of this, it's important to contact a group that specializes in unemployment insurance programs for nonprofits. A consultant can help determine which type of program is best for a nonprofit that has decided to leave a state's UI pool.
First Nonprofit has saved us so much money over the state’s program. We had one little glitch with the state recently and we contacted FNP immediately. FNP staff called us back immediately and moved to remedy the problem.
First Nonprofit has been a great partner. They have helped us saved hundreds of thousands of dollars! They have awesome resources for our nonprofit organization. Thanks for the partnership.
Life is certainly busy these days but having business partners like First Nonprofit has made some of the process hassle free. We have worked with this team for years. When we changed payroll systems, they outlined every step. I think this team is terrific and I know they get the job done! Thank you, Cruz, to all the team at FNP.
FNP has helped our agency to save thousands of dollars every year on our unemployment coverage. The service is phenomenal, and we are thankful to their team as our partner. My experience working with Marshall on the advocacy around UE for nonprofits was also a highlight as someone who teaches advocacy and lobbying for nonprofits. Really, your whole team is top shelf, so thank YOU!
Chicago Children’s Theatre has greatly benefited from our partnership with First Nonprofit, and I have always enjoyed working with the staff on our filings and any complicated questions. I would not hesitate to recommend First Nonprofit to fellow nonprofits. We’re very happy customers.
FNP is a great resource for Daniel Kids. To have a TPA that we can count on to take point on not only managing our unemployment claims, but to support and guide any protest hearing, is invaluable. All the professional support staff we have worked with have been excellent, very knowledgeable and responsive. We are grateful for the help and support, thank you.
When I first began in my position at my organization, I hadn’t had experience working with a company like FNP. The staff was so patient and helpful in helping to explain the benefits of First Nonprofit. Anytime I reach out with a question I receive a quick, clear, and thorough response. I’m so thankful that we decided to partner with FNP. Their excellence in customer service, coupled with their variety of packages frees us up to truly serve our staff and community with a peace of mind knowing that our organization is protected against unanticipated unemployment insurance expenses.
First Nonprofit gets an A+ in my book. You are so easy to work with & very knowledgeable! Whether it is my quarterly correspondence with Kim or my random interactions with Dawn about a bond … I am so pleased that I get to work with such a helpful company. Thank you!