Nonprofits expected to become more data-centric in the future
January 07, 2013
Nonprofits have to evolve to keep up with today's fast-paced world, in which transactions are conducted on the go, if not remotely, and individuals demand instant access to information so they can make the best decisions about how to spend their money. Many organizations have kept up by investing in mobile payments systems, launching online fundraisers and even developing mobile applications.
In the future, nonprofits will need to be agile enough to evolve even further, according to Philanthropy and the Social Economy: Blueprint 2013
. The GrantCraft guide was produced by The Foundation Center and the European Foundation Centre to reflect the current state of donors' habits and predict future trends.
For instance, crowdfunding is expected to emerge as a common way to raise funds in the future, alongside impact investing, social businesses and peer networks, the study found. These will play a significant role, while there will be less pressure on individuals and nonprofits to perform alone.
"I'm hopeful the Blueprint can contribute to a global discussion about philanthropy, nonprofits and how we use our private resources for public benefit," said Lucy Bernholz, of Stanford University's Center on Philanthropy and Civil Society. "There are big changes ahead, and the Blueprint gives readers a heads-up on the most meaningful trends."
As foundations tap into emerging digital channels to raise funds online
, they can benefit from nonprofit fundraising software
that tracks incoming donations and quantitatively measures the success of their efforts.