
Our Goals
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To make it easier for nonprofits to identify financial, in-kind donations, and sources of volunteers.
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To increase the nonprofit staff’s skills on philanthropic topics
The Issue
A nonprofit’s existence is to solve social issues within communities that governments lack resources while businesses cannot turn a profit from. Non-profit operations depend on finances, donated goods, and volunteers. If their budget consists of a surplus, they must reinvest back into themselves to further their cause.
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Despite a community’s dependence on nonprofits, nonprofits are not fully supported. Researchers uncovered that a portion of nonprofit workers endure economic hardship. Burnout is a possibility and service delivery issues can occur if staff cannot meet rising demand for services (Independent Sector, 2024).
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Financial stability can increase the likelihood for a nonprofit to achieve their goals and the needs of the community. To create stability funding can come from individuals, foundations, businesses, and government agencies. However, these sources are not always dependable.
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Nonprofits face a variety of barriers when seeking support, such as high competition, complex grant competitions, donor fatigue, and economic fluctuations. A survey conducted by Statista, nonprofits indicated that lack of adequate funding/resources is the second biggest challenge followed by difficulty of acquiring and retaining donors (2024). Challenges arise when limitations are set on resources held by philanthropists.
References
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Independent Sector. (2024, December). Health of the U.S. Nonprofit Sector. https://independentsector.org/resource/health-of-the-u-s-nonprofit-sector/
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Forvis Mazars. (2024). Biggest challenges for nonprofit organizations in the United States in 2023 [Graph]. In Statista. Retrieved February 20, 2025, from https://www-statista-com.proxy2.cl.msu.edu/statistics/502411/us-nonprofit-organizations-biggest-challenges-for-fundraising/
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