Preparing your nonprofit to move beyond the founder
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By Devon Kearney from Blue Avocado
Stepping away is part of the nonprofit circle of life.
Over the years, I have worked with many founder-led (or until-recently-founder-led) organizations. There is something exciting about being part of that first wave, when a bold new idea emerges, takes shape, and hopefully improves society around it. But for those toiling away in young nonprofits, it is often grueling and sometimes even cruel. And after all the difficulties of starting a nonprofit, the end of the beginning rarely goes well. As anyone who has witnessed Founder’s Syndrome can tell you, the first leader is often abruptly shown the door, maybe under a cloud, leaving the organization in crisis. Not all survive. So how can you avoid this fate?
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Building Endowment Readiness: A Strategic Imperative for Nonprofit Sustainability
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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:
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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.
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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.
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Indiana Association of Rehabilitation Facilities (INARF) announced Brandi Foreman as vice president of compliance and regulatory affairs. Foreman previously served as surveyor at Commission on Accreditation of Rehabilitation Facilities (CARF).
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Arts for Learning named Webb Parker as senior director of innovation and strategic partnerships. Previously, Parker served as the founding executive and artistic director of Irvington Arts Collective.
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Indy Reads as been awarded two grants, totaling $125,000, from the Margot L. Eccles Arts & Culture Fund. The grants will be used for general operating support and a new, innovative program: Literacy Through Art: Unlocking Student Artists, which will launch in the 2024-2025 program year. Read more
Public Advocates in Community re-Entry (PACE), Indiana’s leading re-entry agency, is to receive $1 million from MacKenzie Scott’s Yield Giving. The proceeds will be used to support the growth of PACE programming which includes case management, recovery support, moral reconation therapy, workforce development, and more. Read more
Hamilton County Leadership Academy (HCLA) is accepting applications for the class of 2025. HCLA selects a cohort of leaders each year to complete a comprehensive 10-month curriculum exploring local issues. After completing the program, graduates are prepared to assume active roles in addressing critical issues facing Hamilton County. Cost: $2,000. Apply by April 8
Empower to Educate micro-grants are accepting applications. Both traditional child care centers and registered ministries are eligible for grants up to $10,000. Apply by April 12
Indiana Humanities is offering grants up to $1,000 for libraries, schools, universities, and nonprofits to enhance their collections with diverse viewpoints and materials on race-related topics. Applications are due April 19 by 5 p.m.
The City of Fishers is accepting applications for the 2024 Nonprofit Grants. The Fishers Nonprofit Grant Committee will distribute $250,000 funding to local organizations that create a sense of place, public interaction, or additional educational opportunities for Fishers residents. Apply by April 24
Fathers and Families Center (FFC) announced a partnership with United Food Missions, a division of Faith Hope and Love Community, to provide nutritious food assistance to FFC’s clients and their families, a substantial percentage of whom are food insecure. Read more
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What’s working? Utilizing program evaluation to improve service delivery and outcomes on Mar. 30 from 10:30 a.m.-12:30 p.m. at the Central Library. This session introduces basic program evaluation strategies and activities to help you understand if your program is meeting goals, operating effectively, and making an impact in your community. Presented by the Indianapolis Public Library. Cost: Free. Register
Analyze and visualize with charts webinar on Apr. 1 from 1-3 p.m. Learn the fundamentals: what to think about before making a chart, principles for choosing and designing a chart, and how to create static data visualizations with Microsoft Excel; as well as a demonstration of other interactive visualization tools such as Datawrapper. Presented by SAVI. Cost: Free. Register
Fiscal Policy Summit 2024: Cultivating Big Ideas on Apr. 11 from 7:30 a.m.-4:30 p.m. at Embassy Suites Noblesville. Hear the "big ideas" that will impact Indiana public policy in the years to come, including Indiana's energy transition and innovations in housing policy. Presented by Indiana Fiscal Policy Institute. Cost: $125 members/ $150 Non-members. Register
2024 Indiana Summit on Out of School Learning on Apr. 14-16 at Hyatt Regency, One South Capitol Avenue. The Summit offers a practical and insightful platform for youth programs, community partners, and advocates. Presented by Indiana Afterschool Network. Cost: Starts at $100. Register
LEAD on Apr. 9, 16 and 23 at dormakaba, 6161 E 75th St. This multi-day workshop will equip participants with essential collaborative leadership skills through interactive sessions, thought-provoking discussions, and real-world case studies for community leaders. Presented by Leadership Indianapolis. Cost: $1,000. To learn about a scholarship, contact Beth Outland Register
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Impact 100 needs volunteers for its annual celebration on June 11 at Outside the Box. Opportunities include: set up, design, and marketing/communication. Training is on April 30 from 5:30-7:30 p.m. at 3940 East 56th Street Indianapolis. Register
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The Yield Giving Open Call was focused on elevating organizations working with people in places experiencing the greatest need in the United States.
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Mid-level donors are the people who already endorse you, believe in your mission, fervently support your work and have confidence in your abilities. Now is the time to steward this community to a deeper commitment with your organization.
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Our sponsor marketplace serves to further connect our readers with our advertisers who are focused on serving nonprofits. To learn about each sponsor's nonprofit services, click on its logo.
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FUND DEVELOPMENT
STRATEGIC PLANNING
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BANKING/
ASSET MANAGEMENT
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Grow your organization in a cost-effective, collaborative space that supports your unique needs. Refinery46 goes beyond physical space to focus on you and your organization. In addition to promoting a collaborative and inspiring environment, Refinery46 delivers a full-service workspace for founders, teams, and individuals. Learn more. Visit Refinery46.com, call (317) 762 4646, or email Community Manager Addison.
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CHARITABLE ADVISORS FEATURED JOBS
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Executive Leadership (CEO/ED/COO)
President - Community Foundation of Morgan County, Inc.
Fund Development/Marketing/PR/Advocacy
Admin Support/Clerical
Finance/Accounting/HR/IT/Facility
Data/Research/Quality Assurance
Programs/Program Support
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