Non-Profit Organizations Resource Development and Management Term Paper

Pages: 15 (4577 words)  ·  Bibliography Sources: ≈ 7  ·  File: .docx  ·  Level: College Senior  ·  Topic: Business - Management

¶ … Resource Development Strategy

Every NPO should ensure that it has a comprehensive resource development strategy. This is because of the fact that there is an excess of 1.8 million nonprofits most of which have very elaborate and comprehensive resource development strategies according to the Resource Development Process (n.d).It is noted that it is much easier to raise money via organized fund raising as opposed to the disorganized ones. Some of the things to avoid are; Jumping from one fundraiser to another without any elaborate fundraising program.The tendency to organize events with a clear lack of direction and cohesion.The lack of a clear plan to be used for the process of raising funds.

The formulation of a strategic plan for fundraising

According to Resource Development Review (2011) nonprofit organizations should practice planned giving. A planned giving is a system that enables people to maximize the individual benefits that they get from the charitable giving by the nonprofit organizations. Planned giving is of great help to the nonprofit organizations. Through the beneficial tax treatment in both federal and state laws, a planned giving can be a mode of making a gift, enjoying tax benefits, and supporting a nonprofit situation.

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Term Paper on Non-Profit Organizations Resource Development and Management Assignment

Strategic planning can be defined as a disciplined attempt to generate essential actions and decisions that are capable of shaping and guiding what a corporation is, what the organization does, and why the organization is doing what they does as they focus on the future. According to the Resource Development Process (n.d) strategic planning provides an appropriate program to be used in the analysis of the market as well its testing. It can be used to design the best program to be employed in the generation of fundraising plans as well as goals. It entails coming up with the best methods of responding to the situations of the environment of the organizations, whether or not the circumstances of these organizations are known beforehand. It also involves deliberately coming up with goals and also coming up with approaches to accomplish those goals.Strategic planning is providing a framework in which market study, testing and also program design may take place. These can generate plans and goals for fundraising. Nonprofit organizations are capable of raising lots of cash through the organization of fund raising. A number of non-profit organizations usually move from a fundraiser to another without having a fundraising program that is carefully planned and also clearly developed. Effective and efficient fundraising is involving events that are having cohesion and direction. Before nonprofit organizations undertake a fundraising effort, there is need for them to come up with a fundraising plan. However, a number of nonprofit agencies are approaching fundraising in a way that is not strategic. Classically, nonprofit agencies usually spend a great amount of time and on direct mail campaigns and also on special events.The process of planning for resource development come after a thorough research has been conducted. The planning process involves acquiring the information that has been researched and coming up with a very good plan to provide guidance to the process of fundraising.

The readiness of the institutions

An effective fund raising relies on very strengths. This means the organizational weaknesses can undermine the entire success of the project. It is important for the nonprofit organization to analyze their strengths as well as weaknesses and then subsequently take an inventory of the available resources for fundraising to be successful. The tool for this is a SWOT analysis as pointed out in the Resource Development Process (n.d).SWOT analysis is a technique that is applied in the process of planning. SWOT analysis can effectively be applied so as to establish the manner in which a corporation or an organization will be moving forward. Besides, it can be applied at the departmental levels by the workers at these departments so that these workers may coordinate themselves prior to forging ahead with the process of Strategic planning. After the process of SWOT analysis, the respective organizations may generate specific objectives and general goals for the corporations. Some of these goals and objectives may bear proportionately on the efforts of fundraising. With the objectives and the goals, the staff that is concerned with the operations of fundraising should come up with a number of action plans which once implemented, the organizations will be capable of meeting their goals and their objectives. An action plan sets the schedule for resources development in the forthcoming years.For efficient and effective planning, the nonprofit organizations should look into their demographic trends. They should also conduct fundraising evaluation. Again, they should consider resource development in the perspective of their mission and visions. They should also scrutinize the role that communications play in marketing planning. Indeed the development of strategic plans that are specific to fundraising is very critical. The plans of the institutions should demonstrate authority of the current and the expectations of the nonprofit organizations. The plans also have to define programs. Besides, they have to entail financial accountability and viability. They must also be connected to resource programs and needs.

Analysis of the full range of resources available to nonprofit organizations

Resources make a very important part in the running as well as the management of nonprofit organizations. It is through the resources that nonprofit making organization can get to achieve their goals and objectives. A number of resources should be available to the nonprofit making organization. These resources are described below;

Financial resources

The nonprofit organizations are capable of getting resources from many sources. Usually, nonprofit organizations get grants and contributions to start their operations or to add to the funds that they already have in their reserves for their operations. Generally reserves accumulate over some time through the generation an unhampered surplus. The most common sources of income is contributions that is made up of cash, non-cash contributions (like in-kind goods and services), contributed services like professional skills that are aimed at enhancing non-financial assets.Nonprofit organizations obtain resources from Program Service Revenues as indicated in Resource Development Review (2011). This is a service in which the nonprofit organizations exchanges with other parties. The nonprofit organizations do this by providing services to the organizations in exchange for money or any other resource or asset. Nonprofits organizations also rely on the fees that are given by the governmental agencies. They also get cash when some clients pay for the services that are offered by these organizations. The organizations also get resources from membership dues. A number of these nonprofit making organizations have policies whereby the members pay a yearly fee in order for them to be offered the basic services that are provided by the nonprofit organizations. The contributions from the members are of great importance to the nonprofit organizations as they make them to obtain the resources that they need for their operations. A number of the nonprofit organizations get non-cash donations in the form of services and goods.

Financial resources are the monetary value which is needed by the project in order to address the identified problem. Financial resources are necessary in rewarding the human resource and also in the purchase of any needed item in the life time of the project. Nonprofit organizations use the financial resources from the following sources; donations made by individuals or by foundations and federated funding sources; sales of goods and services which includes the organization taking part in the sale; and Grants majorly from the government agencies or corporations.

The process of acquiring funds from the above mentioned sources is known us fundraising. Before undertaking the fundraising process, the nonprofit organizations must understand; available sources of finances; reasons as to why people donate, importance of strategic plan, fundraising program oversight and funding campaigns. These will enable the organization seeking the funds to fully understand the importance of resource development; be able to reduce apprehension many feel when tasked to participate in the fundraising activities.

As years goes by, there has been continued changes in the financial sources; in the past, private or individual donors, corporate donations and foundation grants were the main donors who contributed most of the financial resources to the nonprofit organizational sector, this has been declining. Instead, the governments' funding has been increasing with a move to bridge the gap. Clients and customers have also become important source of revenue to the nonprofit organizations. On financial resources: These can be in form of gifts and in-kind donations to the organization. Non-financial resources are mainly given during disasters and humanitarian crisis. They include, in-kind donations and Volunteerism.

In kind donation is a charitable giving which involves giving of needed goods or services to a nonprofit organization instead of giving the money to buy these goods or services. In kind giving is encouraged for the several reasons including; most of the goods given are second hand goods hence it seems cheap from the part of the donor, it also saves the environment in cases where this goods were damped in the dust bins;… [END OF PREVIEW] . . . READ MORE

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