February 4, 2014
The success of nonprofits in 2014 will depend on how well they conform to new trends in the industry, most of which continue to increase funding while lowering the cost of finding donors. One example of this, according to the Tallahassee Democrat, will be the continued growth of social media as a philanthropy tool.
The newspaper said that social media currently accounts for only 2.1 percent of charitable giving from private sources. While the platforms usually produce donations that are smaller in size, they do help keep a nonprofit organization in contact with its audience. However, while the cost of utilizing social media is low, the small return means that organizations cannot shy away from asking for gifts in person.
The importance of in-person fundraising could also be minimized by crowdfunding, which allows some organizations to raise a decent amount of funds by asking a large group of people for small contributions. While crowdfunding provides a new method for raising money, it does not replace the need for personally contacting and engaging specific donors for larger gifts.
Along with increasing funding, nonprofits must lower liabilities
The more money used to run day-to-day operations, the less that is available to help nonprofits reach their service goals. Organizations must take advantage of as many cost effective measures as possible, which often start with strong leadership.
For information on how your organization can cost-effectively meet its unemployment insurance needs, contact First Nonprofit Companies at FNCUI@firstnonprofit.com or visit www.firstnonprofitcompanies.com.
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!