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Jul 29

Navigating a Changing Landscape: The Election’s Impact on Nonprofit Organizations

By Feature

by Charitable Advisors

As the upcoming election approaches, nonprofit organizations find themselves at a critical juncture. The results of this election could have profound implications, affecting funding, regulatory environments, and the communities they serve. Here’s a look at how the election might impact nonprofit organizations and the strategies they can employ to navigate the changing landscape.

Funding and Budget Priorities

One of the most immediate concerns for nonprofits is how the election will influence federal and state funding. Government grants and contracts constitute a significant portion of many nonprofits’ budgets. Changes in administration often bring shifts in budget priorities, which can either bolster or undermine funding for various causes.

For instance, a government that prioritizes healthcare may increase funding for medical research, community health programs, and related nonprofits. Conversely, an administration focused on fiscal austerity might reduce funding for social services, leaving many organizations scrambling to fill the gaps.

Nonprofits must stay informed about candidates’ platforms and proposed policies. Understanding these priorities can help organizations anticipate changes and adapt their strategies accordingly. Building relationships with policymakers and advocating for continued support is crucial, regardless of the election’s outcome.

Tax Policy and Charitable Giving

Tax policy is another critical area where the election could impact nonprofits. Charitable giving is often influenced by tax incentives, such as deductions for donations. Changes in tax policy can either encourage or discourage individuals and corporations from making charitable contributions.

For example, an increase in the standard deduction might lead to fewer taxpayers itemizing their deductions, potentially reducing the incentive for charitable giving. On the other hand, policies that expand or enhance deductions for charitable donations could stimulate more giving.

Nonprofits should keep a close eye on proposed tax policies and engage in advocacy efforts to support favorable legislation. Educating donors about the benefits of charitable giving, regardless of tax changes, can also help maintain steady contributions.

Regulatory Environment

The regulatory environment for nonprofits is subject to change with new political leadership. Regulations governing nonprofit operations, such as reporting requirements, lobbying restrictions, and governance standards, can be tightened or loosened based on the administration’s philosophy.

A more stringent regulatory environment might increase the administrative burden on nonprofits, requiring more resources to ensure compliance. Alternatively, a less regulated environment could provide more flexibility but might also increase the risk of fraudulent activities within the sector.

Nonprofits must stay abreast of regulatory changes and be prepared to adjust their operations to maintain compliance. Investing in strong governance practices and transparent reporting can help build trust with stakeholders and mitigate the impact of regulatory shifts.

Social and Political Climate

The social and political climate fostered by the election results will also affect nonprofit organizations. Issues such as immigration, healthcare, education, and social justice are often at the forefront of political debates, and the outcomes of these debates can influence the focus and funding of nonprofit programs.

For example, an administration with a strong stance on immigration might impact nonprofits that provide services to immigrant communities. Changes in healthcare policy could affect organizations focused on public health and access to medical services.

Nonprofits should be prepared to respond to shifts in the social and political climate. This might involve adapting programs to meet new community needs, increasing advocacy efforts, or collaborating with other organizations to amplify their impact.

Engaging in Advocacy

In light of the potential changes brought by the election, nonprofits are increasingly recognizing the importance of advocacy. Engaging in advocacy allows organizations to influence policy decisions that affect their operations and the communities they serve.

Nonprofits can participate in advocacy by educating their supporters about key issues, mobilizing voters, and communicating with policymakers. Building coalitions with other organizations can amplify their voices and increase their impact.

It is essential for nonprofits to remain nonpartisan in their advocacy efforts. While advocating for specific policies and issues is important, maintaining a nonpartisan stance helps preserve public trust and ensures compliance with regulations governing nonprofit activities.

Preparing for Uncertainty

The uncertainty surrounding the election can be challenging for nonprofit organizations. To navigate this uncertainty, nonprofits should focus on building resilience and adaptability.

Diversifying funding sources is a key strategy. Relying too heavily on government funding can be risky, so nonprofits should seek to broaden their funding base through individual donations, corporate partnerships, and foundation grants.

Strengthening relationships with donors and stakeholders is also crucial. Clear communication about the organization’s mission, impact, and needs can help maintain support even during uncertain times.

Investing in organizational capacity, such as staff training and technology, can improve efficiency and effectiveness. This, in turn, enhances the organization’s ability to adapt to changing circumstances.

Final Thoughts

The upcoming election presents both challenges and opportunities for nonprofit organizations. By staying informed about policy changes, engaging in advocacy, and building resilience, nonprofits can navigate the evolving landscape and continue to fulfill their vital missions. Regardless of the election’s outcome, the commitment of these organizations to serving their communities remains steadfast, highlighting their critical role in society.

Jul 08

Navigating Career Growth in the Nonprofit Sector

By Feature

by Charitable Advisors

The nonprofit sector, with its rich tapestry of causes and missions, offers a landscape of immense career growth for those who are passionate about making a difference. For those driven by a desire to contribute to the greater good, the journey within this sector is not just a career path but a lifelong commitment to fostering positive change. Yet, beyond the noble pursuit of societal betterment, there lies a dynamic environment filled with opportunities for professional advancement. Here are some strategies to help you navigate your career growth in the nonprofit sector.

Setting Clear Goals

Embarking on a career in the nonprofit sector requires setting clear, achievable goals. Begin by defining your career objectives and envisioning where you see yourself in the next five to ten years. Are you aiming to become a program director, a development officer, or perhaps a policy advocate? Once you have a clear vision, create a roadmap for achieving these goals. Break down your long-term objectives into smaller, manageable tasks and milestones. Regularly assess your progress and be prepared to adjust your goals as needed. The path to success is seldom a straight line; adaptability and resilience are key.

Seeking Feedback

Actively seeking feedback is crucial for personal and professional growth. Constructive criticism from supervisors, peers, and mentors can provide invaluable insights into your strengths and areas for improvement. Make it a habit to solicit feedback regularly, and more importantly, act on it. Embrace a growth mindset where you view challenges and setbacks as opportunities to learn and evolve. By being open to feedback, you can continuously refine your skills and enhance your performance.

Taking Initiative

In the nonprofit sector, taking initiative can set you apart and demonstrate your commitment and capability. Volunteer for new projects, propose innovative ideas, and don’t hesitate to step into leadership roles when the opportunity arises. Being proactive not only showcases your enthusiasm and dedication but also allows you to gain diverse experiences and build a robust skill set. The willingness to go above and beyond your defined role can lead to new opportunities and career advancement.

Establishing Thought Leadership

Positioning yourself as a thought leader in your area of expertise can significantly enhance your career prospects. Share your knowledge and insights by writing articles, speaking at events, and engaging in discussions on social media. Contributing to industry publications, creating learning opportunities, and/or hosting webinars are excellent ways to establish your voice and build your name and work in the sector. By sharing your expertise and experiences, you can build credibility, expand your network, and open doors to new opportunities.

Staying Informed

The nonprofit sector is always evolving with new trends and challenges. Staying informed about industry developments is crucial for staying relevant and competitive. Regularly read industry publications, attend webinars, and participate in professional development opportunities. Engage in continuous learning through courses and certifications relevant to your field. By staying informed, you can anticipate changes, adapt to new realities, and position yourself as a forward-thinking professional.

Building a Strong Professional Network

Networking is a vital component of career growth in the nonprofit sector. Building a strong professional network can open doors to new opportunities, collaborations, and mentorship. Engage with industry peers by attending conferences, workshops, and networking events. Join professional associations to connect with like-minded individuals and access valuable resources. Volunteering with other organizations can also expand your network and provide new perspectives and experiences. A robust network can support your career growth and provide a platform for sharing knowledge and resources.

Investing in Continuing Education

Continuing education is crucial for staying current and advancing your career. Many nonprofits offer training programs, workshops, and seminars for professional growth. Pursuing formal education and certifications, such as nonprofit management courses, grant writing workshops, or digital marketing training, can enhance your skills and credentials. Leadership development programs can prepare you for higher roles. Investing in education helps you stay ahead and position yourself for career advancement.

Embracing the Opportunities

The journey in the nonprofit sector is one of continuous learning, growth, and contribution. By following these strategies, you can unlock your full potential and make a significant difference in the communities and causes you are passionate about.

Jun 24

Want Leaders in Community Development? Develop a New Hiring Strategy

By Feature

By Amandula Anderson, executor director of IFF Indiana Region

It’s easy to stick to the tried-and-true pipeline when hiring for community development roles. But forming connections with people from different industries and generations can make our teams stronger.

Do you ever wonder what the next era in community development looks like? In my 20-plus years in the field, I have been privileged to work with an array of professionals with backgrounds in the arts, architecture, construction, psychology, accounting, and development. What has always intrigued me is that even though we have such diverse backgrounds, we still come together for the greater good: to build parks, housing, and streetscapes, and for community empowerment. As I look out into the field now, I still recognize those same skill sets, yet whenever I see job postings, I see that we typically seek the same type of candidate, and that postings lag for months looking for the “right” person. It makes me wonder if we are holding ourselves back in community development because we aren’t reaching deeper into our communities to find talent.

As a leader who has sought talent at many jobs, I find myself leveling up my search criteria. No longer am I just looking for someone with a nonprofit background. I seek out people who bring a new perspective that will build on the experience of the team. For example, emerging professionals who attend business networking events. They are likely there to build their current careers—but selfishly, I want to show them how much more rewarding the same technical skills can be when used with a community development purpose! Recently I met woman who was a branch manager for a local bank at one of these events. As she asked questions about my role, I could see the lights turned on for her. She later reached out to me about a role that she found interesting at a CDFI, still working with small businesses, but providing technical assistance to help owners become loan-ready. The time and energy she put into underwriting loans is now spent giving advice and support to clients she may have never encountered at her bank.

With this in mind, I am sending a call to action to my fellow leaders to think differently about recruitment. We have to start reaching outside the standard networks of conscientious community leaders to recognize the potential of people who have never been exposed to the true rewards of this field. While this may seem contrary to what you’ve previously been told, I promise it will lead to engaged, passionate, curious teams. Below I outline some key ways to cultivate a diverse, multigenerational team that will be the future of community development.

Create Active Relationships

Perusing your LinkedIn, you are likely to find a few interesting connections. What if you invited one of them to coffee, not with hiring in mind, but just to get to know them? In an interview, we are focused on a set of skills or technical expertise to align with a specific job—but if we just spent time learning what makes someone tick, how much more might we discover? Use your early morning coffees or afternoon teas to engage with someone you might have nothing in common with on the surface. Seek out connections who challenge your thinking about what the “right” age, education, or experience are for community development. Research shows that multigenerational teams have a positive impact on long-term success and growth for a company, but in order to cultivate a multigenerational team you must look outside your circle. Older candidates can bring vast experience from their life and work, complementing the younger generation’s new perspective and ideas.

I once met a young woman in the construction field and asked her to lunch so I could learn more about her. I was looking to fill a new role and took several people out to lunch to learn if they might fit. Her first question to me was, “Why did you think I might be a good person for your role, I’m in construction, not real estate?” Construction IS real estate, but it struck me—if she saw her work through a wider lens, maybe she would be more open to new opportunities that build on her current strengths and challenge her. Sometimes people get caught up in the corporate world, looking for a path to more meaningful work, and it is our duty to guide them. All the talents and skills needed to succeed at a for-profit job—such as being analytical, customer-centered, and organized—are exactly what is needed to succeed in the nonprofit sector. Often folks just need someone already in the field to highlight this.

Level up Job Postings

Oftentimes people can’t see themselves doing the work because the job description has industry talk, specialized educational requirements, or work experience that someone outside the field can’t relate to. Consider adding language such as, “the ideal candidate enjoys helping others” or “seeking candidates that are eager to help create solutions to…” Ask your current team their “why” in this career and use this language to share how a job at your organization can be fulfilling. Rewrite job descriptions to match the actual work and not be hyper-focused on certain degrees or certifications. Call out duties, such as “the opportunity to work one-on-one with a client” or “help us implement a grant to create more homeownership in the community.” Help candidates see themselves in the work. Further, as you seek out candidates, consider posting roles in new places like the local business magazine and young professionals job boards and networking groups.

Be Willing to Coach Up

I’ve often heard people say they don’t want to be a mentor because it takes too much time and effort. The truth is that one mentor cannot be all things to anyone. I have found that the people who have been willing to spend time with me on my journey each hold a special characteristic that I value and want to emulate. It’s a mistake to think of coaching as a job; it can be a fulfilling part of your career. Seeing someone reach a goal they never thought possible gives me so much joy.

I love to see others win! Coaching goes two ways. When I take the time to learn more about an industry or profession, it helps me to see how community development connects to the world around me. Get to know not just the person, but also the work they do. It will make a more compelling case for why they should consider our field when you can make connections and use examples. The lessons you have learned as a professional can’t be taught in a classroom. Share your perspective on what’s happening in the news or your work and life experiences—this helps to build character in both of you and opens you up to different ways of thinking.

Remember, when you bring in someone new to the industry, it typically takes six to 12 months for them to learn what they are supposed to be doing. Every single person on my team has heard me say, “You are where you are supposed to be for the length of time you have been doing this work; here’s where you can focus next.” By providing encouragement and direction, you are being empathetic and building them up. Coaching may not come naturally, which is why investing in tools may help, such as understanding DiSC styles, learning to manage up and down, and the art of deep listening. And lastly, know when to make a quick referral and follow up. There is always someone smarter than you on a specific topic. Share your network.

Keep Engaged Even After Hiring

The work doesn’t end by just bringing in new, diverse talent. Forming a team is one part of the job, but supporting the individuals on that team is another. The community development profession often requires a lot of someone, like grant writing, stakeholder engagement, and assessing financial feasibility. Take explicit efforts to support that individual in succeeding. In practice, this may look like scheduling 30-minute one-on-ones, grabbing coffee or lunch to chat, driving to a meeting or function together, asking them to sit in on a meeting that has nothing to do with their current role so they can see how the overall organization functions, or pairing two people with different skill sets to work together to find solutions. When we strategically open up our world of work, we share in our fulfillment in the work and people are able to envision themselves in it.

Lastly, I think that we can all agree that community development is hard. It takes someone who is willing to mix their passions with technical skills. Have you ever tried to build a capital stack? It’s like making lasagna, only you have to keep running back to the store because you forgot an ingredient. For us to answer real-world problems we need to continuously evolve how we develop solutions in community development. This requires challenging ourselves to seek people with diverse skills and abilities who have a desire to make a difference. It is possible to have a work life that excites you—which this field does for me nearly every day.

This article was original published in Shelterforce.

Jun 17

Continuing Impact: Reflections on the ‘Work for a Nonprofit, Make a Difference’ Campaign

By Feature

by Chelsea Ohlemiller, Director of Community & Content
While the initial launch of the “Work for a Nonprofit, Make a Difference” campaign is wrapping up, the theme of this campaign will continue indefinitely.

Through the initial fifty day campaign to attract staff to nonprofit roles, we’ve been able to see some important impacts.

  • 15+ organizations were highlighted through our video outreach opportunities.
  • Over 470 candidates applied for nonprofit jobs.
  • Over 212 new job seeker accounts were created on the Central Indiana Nonprofit Job Board.

Nonprofit jobs play a vital role in our state by addressing community needs that are not addressed by the for-profit or government sectors. These organizations are essential in fostering social equity and creative expression, as they provide resources and support to marginalized and underserved populations. Nonprofit jobs contribute significantly to the local economy and help reduce unemployment rates. They also encourage civic engagement and volunteerism, strengthening the sense of community and collective responsibility, which is why filling these roles is vital to the success and safety of our city, our communities, and our state.

Chelsea Ohlemiller, our Director of Community and Content was out in the field where she saw and heard the hardships nonprofits are facing regarding hiring and recruitment. She has worked diligently to increase visibility to these career opportunities. The data shows that this campaign has been successful, but it hasn’t stopped the challenges the sector is facing, which is why the work must continue. Our goal at Charitable Advisors is not to simply have a nonprofit job board where nonprofit employers and candidates connect. Our goal is to attract and show job seekers available career opportunities with meaningful missions and highlight the work around our communities that has profound and lasting impact.

Ongoing efforts are needed to raise awareness about the rewarding opportunities within nonprofits and to address the challenges of hiring and recruitment within the space. By maintaining a focus on these critical gaps, we can ensure that nonprofits are staffed with dedicated and skilled professionals committed to making a difference in our communities.

So how can you help?

  • Talk to your friends and post on your social media about your positive experiences working in the nonprofit sector. #WorkforaNonprofit
  • Steer people who are interested in learning more about nonprofits to our free newsletter and the job board
  • Forward and like our social media posts promoting the sector and specific job opportunities.
  • As a hiring manager or team member, post your organization’s career opportunities on the Nonprofit Job Board. The more positions that are concentrated in one place, the more job seekers will be attracted to impactful work.

By collectively promoting these resources, we can continue to strengthen the nonprofit workforce and ensure these organizations thrive beyond this campaign, and beyond the reach of our individual networks and connections. Together, we can ensure the nonprofit space remains proficient and full of dedicated and passionate individuals.

Bet you missed some of our nonprofit staff video testimonials? – You can find them here: https://www.facebook.com/CharitableAdvisors/videos

Apr 24

Transforming Strategic Goals into Achievable Outcomes: A Practical Approach

By Sponsor Insight

by Kristen Schunk Moreland of Schunk Moreland Strategies

There are few things worse than an unused plan. Navigating the complex world of nonprofit management necessitates not just the formulation of strategic visions and goals but also their effective execution. It’s one thing to craft a comprehensive strategic plan, encompassing vision, mission, and values; it’s entirely another to translate these elements into tangible results. What benefit does an exceptional strategy offer if it remains unexecuted, merely sitting on a shelf?

Enter Schunk Moreland Strategies. Consider us as your strategic partners, bridging the gap between conceptual planning and practical implementation. We extend our expertise beyond the development of strategic objectives and delve into the crucial phase of implementation planning. Our mission is to elevate the art of execution, transforming theoretical strategies into concrete achievements.

An organization’s success lies in its capacity to implement decisions and streamline processes with effectiveness, efficiency, and consistency. Central to this success is the engagement and commitment of the entire team towards the strategic goals. Involving the team in the execution process not only garners support for strategic initiatives but also imbues them with a sense of purpose. This collective endeavor enhances performance, boosts morale, and cultivates a culture of accountability and commitment.

Our experience with more than 50 nonprofits and higher education institutions underscores our ability to guide organizations toward their strategic ambitions. By facilitating inclusive planning sessions, we ensure comprehensive alignment and motivation across your team, enhancing the overall implementation process. This collaborative strategy fosters a sense of ownership among team members, propelling the organization toward its goals with increased momentum and alignment.

Schunk Moreland Strategies is dedicated to adapting our approach to fit the unique challenges and opportunities of the nonprofit sector. We customize our implementation plans to be not only realistic and actionable but also deeply reflective of your organization’s core mission and values. Our approach guarantees that strategic objectives are not merely aspirational but become active drivers of impactful change within the communities you serve.

Engaging with Schunk Moreland Strategies means more than securing consultancy services; it means clarity of mission, vision, and focus, with measurable outcomes. We are your surefooted partner bringing confidence and a sense of purpose that shines throughout your community, paving the way for enduring achievement.

You can reach Kristen at: Kristen@SchunkMorelandStrategies.com or learn more at: https://www.schunkmorelandstrategies.com/about

Apr 24

Addressing the Nonprofit Hiring Crisis with a Career that Shapes Your Legacy: “Work for a Nonprofit, Make a Difference.”

By Feature

by Chelsea Ohlemiller, Director of Community & Content, Charitable Advisors

When you think about your legacy, the one you’re currently creating, you likely have hopes of creating a positive impact—something that will make a lasting influence for good. You’re working in the nonprofit space right now—to make a difference.

This is the very heart of our new “Work for a Nonprofit, Make a Difference” campaign that launched on April 22 and will run through June 10.

According to the National Council of Nonprofits 2023 Nonprofit Workforce Survey, 33.8% of nonprofits are significantly understaffed and an additional 41% reported being unable to fill entry-level positions that provide direct service. The data identifies something most of us already know- there is a hiring crisis in the nonprofit sector. Recent local focus groups have confirmed the struggles nonprofits are experiencing in recruiting and retaining talent.

With over 74% of nonprofit organizations reporting job vacancies, this campaign seeks to spotlight the meaningful benefits of working for a nonprofit, because the benefits create an undeniable impact– for each person, family and community served.

Over the next seven weeks our team will be focused on championing the nonprofit work happening in Indiana with the goal of filling open positions in the nonprofit space with talented, dedicated, and passionate individuals.

Here’s the Plan

To recruit new individuals to the space, we must get creative and be visible in places where people are known to spend the most time– social media. The Charitable Advisors team will be utilizing our social media platforms to highlight the work, missions, and advocacy of local nonprofits to encourage new individuals to the sector or draw people back who have worked for a nonprofit in the past.

I have been out in the community the past month capturing video testimonies about the impact of working in a nonprofit and will be providing a steady stream of these uplifting videos on our social media pages.

We want current job seekers to see that these open positions are not merely listings on a board or announcements in a newsletter; they are opportunities for impact. They are the careers that advocate for change, connecting like-minded individuals with a shared mission to make a difference, while also making a respectable income.

We Need Your Help

Follow our social postings and forward the ones you love to people in your network beyond the nonprofit space.

Post your nonprofit job openings on our Job Board so new job seekers are aware of what’s available. Postings to the job board are automatically included in the weekly Not-for-profit News email newsletter to 13,000 nonprofit leaders and staff.

Add your own testimony. You can complete a few questions on this form to participate in this meaningful campaign: https://forms.gle/CMsx9mASgrMHNUBQ8

Check out two new resources we have created:

  1. Job Seeker Headquarters & Toolkit: https://charitableadvisors.com/job-seeker-hq/
  2. Employer Toolkit: https://www.charitableadvisors.hiringopps.co/employers

Let us not overlook the power of a simple job listing or a recruitment drive. Let us instead embrace them as catalysts for a future where the impact of one can inspire many. Let us increase the visibility of open positions in the nonprofit sector to help individuals find a career that isn’t just a job, but an opportunity to leave a legacy of influence and impact that will continue for generations to come.

Together we can highlight the incredible nonprofit job opportunities in Indiana, attracting new talent and building excitement about the work.

Apr 08

Celebrating Strength, Empowering Change: The Inaugural INspire Her Leadership Summit

By Feature

Written by Chelsea Ohlemiller

Thursday, March 21, 2024, marked a day of extraordinary significance as 250 women from central Indiana gathered for the inaugural INspire Her Leadership Summit. It was a day filled with collaboration, inspiration, and empowerment as women came together to uplift each other and pave the way for a brighter future.

The event began with a keynote discussion featuring Jenny Just from Poker Power, a company she co-founded with her daughter. Their mission? To empower women with skills such as confidence, strategic thinking, and decision-making through the game of poker. Jenny’s words set a powerful tone for the day ahead.

Moderated by Denise Herd, the keynote was just the beginning. The summit featured insightful panels with trailblazing women such as Marianne Glick, Deborah Hearn Smith, and Carolene Mays, moderated by Anne Marie Tiernon. These women shared their stories, their struggles, and their triumphs, inspiring all who listened. There were laughs, there were tears, and there were new goals formed listening to the trajectory of each woman’s lives and legacy.

Attendees had the opportunity to participate in engaging breakout sessions led by accomplished businesswomen from Indiana. These sessions were not just about learning new skills; they were about forging connections and building a community of strong, empowered women.

A meaningful highlight of the day was the Mission Marketplace, which showcased dozens of central Indiana nonprofits. It gave guests the opportunity to learn about the organizations and their missions, encouraging each attendee to find ways to align their talents and values with worthy causes.

The day concluded with an interactive activity led by HopeAnchor & Crew, where guests created bracelets representing their unique experience at the event. It was a powerful symbol of unity and strength, a reminder of the purpose of the day and the accountability to act towards the new goals envisioned.

The INspire Her Leadership Summit was more than just a one-day event. It was a call to action, urging women to come together, to support each other, and to create a more inclusive and promising tomorrow. It was a day that highlighted volunteer opportunities, job opportunities, and collaborative opportunities in the nonprofit space and beyond.

We are already looking forward to next year’s summit and await the stories of all the work and advocacy that happens between now and then. This incredible summit reminded us that together we can create a world where every woman and girl in Indiana has the opportunity to thrive.

This entire event was crafted by the vision of Danielle Shockey and made a reality by the Girl Scouts of Central Indiana, partnering with Pass the Torch for Women and the Indiana Girl Coalition—proving that together incredible opportunities and achievements are not just possible but have the ability to shape the future in meaningful ways.

Mar 25

Building Endowment Readiness: A Strategic Imperative for Nonprofit Sustainability

By Sponsor Insight

By: Jill Robisch, First Vice President, Nonprofit Services, The National Bank of Indianapolis

In the dynamic landscape of nonprofit management, achieving sustainability is a primary goal. Endowment readiness stands as a cornerstone strategy, offering organizations a pathway to financial stability and long-term impact. By taking proactive steps to cultivate endowment readiness, nonprofits can safeguard their missions, weather economic uncertainties, and ensure their ability to serve communities for generations to come. Here are key steps to guide nonprofits on their journey towards endowment readiness:

  1. Assessment of Financial Position: The first step in building endowment readiness is to conduct a comprehensive assessment of the organization’s financial position. This includes evaluating current revenue streams, expenses, and assets, as well as identifying any existing endowment funds. Understanding the organization’s financial landscape provides crucial insights into its capacity for endowment growth and sustainability.
  2. Strategic Planning: Strategic planning lays the foundation for effective endowment development. Nonprofits should set clear, measurable goals for their endowment initiatives, aligning them with the organization’s mission and long-term vision. This involves identifying target fundraising objectives, determining investment strategies, and establishing timelines for implementation.
  3. Board and Staff Engagement: Endowment readiness requires buy-in and support from all levels of the organization, particularly the board of directors and staff. Boards play a crucial role in providing oversight and guidance on endowment-related decisions, while staff members are instrumental in implementing fundraising campaigns and managing endowment assets. Engaging both stakeholders in conversations about the importance of endowments fosters a culture of financial stewardship and philanthropy.
  4. Donor Cultivation and Engagement: Building a robust endowment necessitates cultivating relationships with donors who are passionate about the organization’s mission and willing to make long-term financial commitments. Nonprofits should develop targeted fundraising strategies, including major gift campaigns, planned giving programs, and donor stewardship initiatives. Effective communication and engagement are key to inspiring donors to contribute to the endowment fund.
  5. Investment Management: Prudent investment management is essential for the growth and sustainability of endowment funds. Nonprofits should develop investment policies that align with their risk tolerance, financial goals, and legal obligations. Diversification of investment portfolios helps mitigate risk and maximize returns over the long term. Regular monitoring and evaluation of investment performance ensure that endowment assets are managed effectively.
  6. Transparency and Accountability: Nonprofits must maintain transparency and accountability in all aspects of endowment management. This includes providing donors with regular updates on the performance of the endowment fund, as well as ensuring compliance with legal and regulatory requirements. Clear communication about how endowment funds are used and the impact they have on the organization’s mission fosters trust and confidence among stakeholders.

In conclusion, endowment readiness is a strategic imperative for nonprofit sustainability. By following these key steps and committing to proactive financial planning and management, organizations can build the foundation for a secure and impactful future. With careful stewardship and dedication, endowments can become powerful tools for advancing missions, supporting communities, and leaving a lasting legacy.

Contact Jill Robisch, The National Bank of Indianapolis, at JillRobisch@nbofi.com

Feb 26

Bringing Together Allies and Advocates for Women in Central Indiana: The INspire Her Summit

By Sponsor Insight

A new event celebrating Women’s History Month: March 21 at Historic Union Station!

By Danielle Shockey, CEO, Girl Scouts of Central Indiana

Last year on International Women’s Day, I sat in the audience at the Indianapolis Arts Garden at the Pass the Torch for Women breakfast–witnessing the speakers, the energy, the diversity–and a palpable momentum. Sitting among hundreds of advocates for women’s leadership and advancement, I knew our collective power could move mountains to become a powerful force for women and girls in Indiana—if we could work together to harness it.

From the stage a speaker asked, “Now what? How can we together not lose this feeling? What differences can we make? Let’s make our collective passions to empowering, celebrating, and supporting each other happen every day, not just on this day once a year?”

In the weeks following the event, this call to action, intended to motivate all attendees to make a difference in their communities, began to feel like a personal challenge—calling me to capture the power of that moment, working not in isolation but as a collective community across not-for-profits serve Indiana’s women and girls. How could we pool our networks to advocate unapologetically for the female future in this state?

And from that moment, the INSpire Her Leadership Summit was born! On the eve of Women’s History Month and International Women’s Day 2024, I am proud to share that Pass the Torch for Women, the Indiana Girl Coalition, and Girl Scouts of Central Indiana have joined forces to host a powerful community event for champions of women and girls in the Hoosier state.

Our immersive, full-day experience will be held on March 21 at Historic Union Station in Indianapolis, and it’s a must-attend event for allies and advocates in central Indiana!

What makes this event so critical is that each person participating–either from a seat or the stage–cares about the same thing: the female future. This isn’t a fundraiser for any one entity, nor a competition for volunteers and grants, but rather a collaboration across the three host organizations and every single attendee—all united equally in our commitment to making a better world for women and girls in Indiana.

Also unique to this day is the attendee experience, which will include:

  • Time to browse the Mission Marketplace, where they will learn about central Indiana’s landscape of not-for-profits whose missions are dedicated to women and girls and how they can get more involved.
  • Engagement in breakout sessions to gain tools and tactics for how they can use their own time, talent, treasure, and testimony to make a difference in the lives of Indiana women. From tools and tactics for how to get connected to and consider serving on not-for-profit boards from the local experts at the United Way of Central Indiana, to creating a personal giving portfolio for female philanthropy from CEO of the Women’s Fund, to running for public office or using their voice in every place from social media platforms to testifying in the state house from current elected officials.
  • Multiple moments for introspection and inspiration, with speakers like Alex Perry on conquering imposter syndrome, Allison Barber, president of the Indiana Fever, on what it means when she says, “there is an advocate in all of us,” Karrah Herring, chief diversity and people officer for Governor Holcomb’s administration, on using your voice when you’re “the only one in the room,” and Linda Calvin, who is tirelessly forging paths for women and girls in tech.

Attendees will also hear from Indiana business leaders who have taken a passion for women’s empowerment and created a world-changing company—including Boss Babe Founder and CEO Mariah Oliver and Leslie Bailey, curator of the powerhouse space for women at Indy Maven. Anne Marie Tiernon of WTHR will lead a compelling conversation with our lunch panel, featuring well-known public figures like Marianne Glick, Deborah Hearn Smith, and Carolene Mays—women who have dedicated their lives, professionally and personally, to giving back and being unapologetically passionate in their pursuits.

And there is so much more, including one of 23 women billionaires, Jenny Just, founder of Poker Power, to an end of day engagement activity where each guest will create a visible reminder to wear as a promise to each other. Attendees will leave this summit energized to go make a change, with new contacts and resources to leverage in their missions. I am confident Women’s History Month 2025 we will gather again to celebrate all the progress sparked by the inspiration, knowledge, tools, tactics, friends made on this day 2024! And we certainly hope you can join us.

Feb 19

A Guide to Hiring the Right Grant Professional for Your Next Application

By Sponsor Insight

by Melanie Priest, Director of Grants Services, Hedges

In the world of nonprofits, securing grants is a vital component of sustainable funding. However, the process of researching, preparing, and submitting grant applications can be complex and time-consuming. This is where grant professionals come in. Hiring a professional who specializes in grants can provide numerous benefits for organizations seeking financial support through grant funding. In this guide, we will explore the advantages of hiring grant professionals and how they can help streamline not only the grant process but also your overall organizational operations.

The Role of Grant Professionals
Grant professionals have expertise in navigating the grant landscape. They possess the knowledge and skills necessary to identify suitable grant opportunities, develop compelling proposals, and effectively manage the grant application process. Their role extends beyond simply writing grant proposals; they serve as strategic partners in aligning an organization’s mission and goals with potential funding sources.

Here are some key areas where grant professionals can make a significant impact:

Strategy Development
One of the primary benefits of hiring grant professionals is their ability to develop a comprehensive grant strategy. They work closely with nonprofit teams to understand the mission, programs, and funding needs. By conducting a thorough needs assessment, grant professionals can identify suitable grant opportunities that align with the organization’s objectives. This strategic approach ensures grant applications are targeted and have a higher chance of success.

Research and Prospect Identification
Grant professionals are well-versed in conducting in-depth research to identify potential funding sources. They have access to proprietary tools and databases that enable them to search for grants tailored to the specific needs of an organization. Through their expertise, they can save valuable time by filtering out irrelevant grants and focusing on those that are the best fit. This targeted approach increases the likelihood of securing funding.

Proposal Development
Crafting a compelling grant proposal requires a combination of storytelling, data analysis, and strategic planning. Grant professionals excel in this, as they possess the necessary skills to effectively communicate an organization’s mission, impact, and financial needs. They have a deep understanding of what funders look for in grant proposals, allowing them to present the organization’s case in a persuasive manner. Moreover, grant professionals can ensure that proposals adhere to the specific guidelines and requirements set by funders.

Project Management and Reporting
Managing the grant application process involves meticulous planning, coordination, and adherence to deadlines. Grant professionals can assist in project management, ensuring all necessary documents, evaluations, and reports are submitted on time. They work closely with key staff members to gather the required information and compile it into a cohesive and professional submission. They can also assist with the monitoring and reporting requirements of funded grants, ensuring compliance with funder expectations.

The Advantages of Hiring Grant Professionals
Now that we have explored the role of grant professionals, let’s delve into the specific advantages they bring to nonprofit organizations. From strategy development to project management, these professionals can significantly enhance an organization’s grant-seeking efforts. Here are some key benefits:

Expertise and Efficiency
Grant professionals possess specialized knowledge and expertise in navigating the complex world of grant funding. They understand the intricacies of the application process, including the specific requirements and preferences of different funders. This expertise allows them to streamline the grant submission process, saving organizations valuable time and resources. Additionally, grant professionals are skilled in researching and identifying the most suitable grant opportunities, maximizing the chances of success.

Strategic Partnerships
By hiring grant professionals, organizations gain access to valuable networks and relationships within the grant-funding community. These professionals have established connections with funders and understand how to foster positive relationships with them. They can facilitate introductions, arrange site visits, and provide insights into funders’ priorities, enabling organizations to build strong partnerships and increase their likelihood of receiving grants.

Enhanced Proposal Quality
Writing a compelling grant proposal requires a combination of persuasive storytelling, data analysis, and a deep understanding of the funder’s interests. Grant professionals ensure that proposals are well-crafted, concise, and aligned with the funder’s expectations. Their expertise in grant writing increases the likelihood of securing funding, as funders are more likely to invest in proposals that clearly articulate the organization’s impact and funding needs.

Increased Grant Success Rate
Securing grant awards is a competitive process, and organizations need every advantage they can get. By hiring grant professionals, organizations significantly increase their chances of success. These professionals are well-versed in the art of grant-seeking and possess the knowledge and skills necessary to navigate the process effectively. Their strategic approach, combined with their expertise in proposal development, research, and project management, ensures that organizations submit high-quality applications that stand out among the competition.

Time and Resource Savings
The grant application process can be time-consuming and resource-intensive, especially for organizations with limited staff and capacity. Hiring grant professionals allows organizations to offload the time-consuming tasks associated with grant-seeking, such as research, proposal development, and project management. This frees up internal resources, enabling staff to focus on core programmatic activities and other essential organizational tasks.

Finding the Right Grant Professional
Now that we understand the benefits of hiring grant professionals, the next step is finding the right one for your organization. Here are some key considerations when seeking a grant professional:

Grant Success History
When evaluating potential grant professionals, it is essential to review their track record of success. Look for professionals who have a proven history of securing grants for organizations similar to yours. This demonstrates their ability to navigate the grant landscape effectively and maximize funding opportunities.

Writing Style and Sample Documents
Grant professionals should have a strong writing style that effectively communicates an organization’s mission and funding needs. Request samples of their previous work to assess their writing skills and determine if their style aligns with your organization’s voice and values. This step ensures that the grant professional can present your organization in the best possible light.

Expertise and Alignment
Consider the specific expertise and knowledge that a grant professional brings to the table. Assess whether their experience aligns with your organization’s focus areas and funding needs. For example, if your organization operates in the healthcare sector, it is beneficial to hire a grant professional with experience in securing healthcare-related grants.

Cost Considerations
While hiring a grant professional undeniably comes with a cost, it is important to consider the return on investment (ROI) and the potential long-term benefits. The cost of hiring a grant professional can vary depending on factors such as the professional’s experience, the complexity of the grant applications, and the geographic location. However, compared to the potential funding a successful grant application can bring, the cost of hiring a grant professional is often a worthwhile investment.

Hiring a Grant Professional is an Investment, not an Expense
Let’s be frank, a grant professional’s mark on an application can mean the difference between winning and losing the prize you seek more than any other singular role. From strategy development to project management, these professionals bring specialized knowledge and expertise to streamline the grant submission process.

By leveraging their skills, organizations can increase their chances of securing funding, save valuable time and resources, and build strategic partnerships within the grant-funding community. Their track record, writing style, and expertise ensure the best fit for your organization. Ultimately, investing in a grant professional can be a strategic decision that propels your organization toward sustainable funding and greater impact.

Melanie Priest is passionate about making Indianapolis a great place to live, having strong connections in the community, and helping nonprofits share their stories of impact. For 25 years, Melanie has worked closely with the Central Indiana philanthropic community to provide creative solutions to complex problems. As Director of Grants Services at Hedges since 2012, Melanie has secured hundreds of grant awards for dozens of Indianapolis nonprofit organizations to ensure they are able to advance their missions.