Nonprofit sustainability is about much more than finances. It’s also about protecting our teams from burnout. It’s about finding win-wins and maximizing collaborations with corporations. And, yes, it includes finances, such as owning what it truly costs to run our organizations. The month’s Nonprofit Knowledge Matters delves into these topics because sustainability isn’t any one thing; it’s a variety of elements all coming together to ensure your nonprofit can serve its community.
Your Knowledge About Nonprofits Matters, Too! Please take just two minutes to help us tell the story of the costs of the new 21-percent tax on nonprofits for transportation benefits they provide their employees (such as parking and transit passes) and the burden it is placing on your nonprofit. Quick Survey: What Has the New Tax on Nonprofit Transportation Benefits Cost Your Nonprofit?
Protecting Nonprofits’ Number One Asset: Our People
Burnout isn't just a trendy term we're hearing more; it's also an actual medical diagnosis recognized by the World Health Organization. And nonprofit employees are far from immune. We all know how vital our employees and co-workers are for advancing our nonprofit’s mission. Losing people with institutional memory, with profound connection to the work, or with critical expertise can set back the organization’s work. So, it’s better to get out ahead of burnout and do what we can to prevent it. The folks at JustWorks share five tips for preventing burnout. Not all of the tips can be implemented by every nonprofit, but we encourage you to think of ways to adapt and/or incorporate some of these ideas to help keep your employees happy and effective.
Working with Corporations to Advance Your Nonprofit’s Mission
When it comes to resource development and working with corporations, most of the attention focuses on visibility or contributions. But there are many other ways nonprofits can work with companies that are beneficial to both parties. Have you considered asking for skilled volunteer assistance? What about working on a “rounding up” campaign? As your nonprofit considers expanding the menu of options for corporate partnerships, this article also raises some of the considerations for your nonprofit around commercial co-ventures and potential liability for unrelated business income taxes, so you can make the best possible decision for your nonprofit and your corporate partners.
You are part of an audience that understands the importance of investing in nonprofits through general operating support that can be spent on so-called “overhead.” You know that overhead isn’t bad; it’s essential infrastructure costs for your organization to advance its mission. But, as nonprofit leader Vu Le highlighted last week, some of us fall into the trap of advertising what percentage of donations go to programming, subliminally suggesting that the rest is not important or needed to deliver that programming. To help the collective nonprofit community bust the longstanding “overhead myth,” we need to help donors realize that every dollar goes to advancing the mission, whether it’s spent on a meal or copy paper.
New and Notable Resources
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