Recently, the Chronicle of Philanthropy provided its readers with their list of “5 Things That Will Change the Way Nonprofits Work in 2013”. This week, we’ll take a look at Issue #2 and determine what you can do to help get ahead of the curve.
- Impact Investing – increasingly, donors are trying to figure out ways to maximize their resources for the sake of the community. With venues like social entrepreneurship and social impact bonding, the potential for identifying nontraditional sources of support is on the rise. To get your nonprofit prepared for the opportunity, revisit your evaluation practices and if need be, invest in higher quality impact measurements. The more you can demonstrate a return on investment potential and offer data on outcomes and not just outputs, the stronger your argument for support.