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Sunday, January 21, 2018

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Three growing trends in philanthropy today

December, 2006

1. The 3rd sector is evolving and the lines between for-profit and nonprofit are blurring as both now have the potential to run both types of entities in order to sustain their organizations. This new competition will encourage nonprofits to learn more refined business skills in order to do business. More efficiency, strategic planning, methods of measurement, a new type of competitive bottom line, and management skills will be required.

2. Younger philanthropists today are diving into their giving doing research, getting involved on a closer level, looking for deep relationships with organizations, and desiring both fulfillment and appreciation for their time and gifts. They want to feel good about giving and will take it very seriously. After all, the future of their children is at stake so priorities will be health, child development and education.

3. Nonprofits must spend more time spent with donors which in many cases can be good, as they say that people put their money where their time is spent. Nuturing relationships with a donor centered mission will create warm relationships and team spirit when donors and nonprofits work together towad common goals.


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