Back to Blog

Technology = Investment in Mission

Gold Investment Man (cropped)A recent article in Philanthropy Journal featured advice from Mike Mann, a self-described “social capitalist and serial entrepreneur”, who has dedicated himself and his companies’ profits to help charitable organizations establish strong business models and expand the impact of their programs and services.

There were three things in the article that stood out to me as important advice for our clients and other organizations that are struggling to establish a sustainable funding and operational model.

  1. Technology is an investment, not simply overhead – failure to put the right technologies to use in the furthering of your mission will result in your organization ultimately being pushed to the sideline as those organizations that do so successfully move past and attract the limited funding dollars available.
  2. Leveraging certain technologies may be beyond your experience, but it isn’t necessarily rocket science.  Social media is baffling to many people, but to the generation entering the workforce today, it is familiar and uncomplicated.  Take advantage of this.
  3. Funders are ready and willing to help fund your investment in technology and sustainable business models, but you need to seek them out and you need to make yourself and your story easy to find.

Keeping these concepts in mind as you do resource planning for your organization may help provide that critical differentiation that helps take you to the next level.

Related Posts:
How to Tell Your Nonprofit’s Story
February 6, 2018
How to Tell Your Nonprofit’s Story

How do you measure the success and impact of your nonprofit’s mission? Similarly, how do your donors—be they individual, foundations, or corporate—know if their donations are impacting the work of your nonprofit through its mission? Many nonprofits gauge their impact through statistics such as the number of people served, families fed or housed, or the…

CancerCare – Connecting Anyone Affected by Cancer With Help and Hope
March 30, 2020
CancerCare – Connecting Anyone Affected by Cancer With Help and Hope

There are over 1.5 million nonprofits in America, and all of them do important work. In such a crowded field, however, some organizations have a more significant imprint than others. CancerCare is a great example. The organization celebrated its 75th anniversary in 2019. As every nonprofit knows, sustaining the mission for year after year is…

Outputs vs. Outcomes: What’s the Difference and Why Does It Matter?
February 6, 2018
Outputs vs. Outcomes: What’s the Difference and Why Does It Matter?

Donors want to know if their donations are impacting the work of your nonprofit through its mission. Increasingly, this means telling your story through numbers—something that nonprofits don’t always do well. Marc J. Epstein, co-author of the book, Measuring and Improving Social Impacts: A Guide for Nonprofits, Companies, and Impact Investors, says that “The need…

The True Costs of Nonprofit Budgeting with Excel
February 23, 2018
The True Costs of Nonprofit Budgeting with Excel

Excel is the go-to reporting and budgeting tool for countless finance teams, including financial planning and analysis (FP&A) professionals. In fact, there are more than one billion users worldwide—that’s about one in seven people! Excel is comfortable and familiar, but for growing nonprofits, it can be a real drag on your budgeting processes and productivity….

 Back to Blog