Philanthropy

Did you know that how you negotiate the provisions within your service agreements actually impacts the sustainability of your #nonprofit or #philanthropy?

Today’s Fast Build topic is about the key elements of a service agreement. Nic shares the top 3 considerations for nonprofits and philanthropies engaging service providers.

Paying attention to a service agreement’s payment terms, indemnification provisions, and confidentiality terms is critical. Losing sight of any one of them can ultimately impact your organization’s bottom line, flexibility, and resilience. So, it is critical to your organizational infrastructure to understand and negotiate what you are signing, particularly when it comes to these terms.

When was the last time you considered how a service agreement might impact your bottom line? Let us know in the comments!

You can watch Episode 40 below.

Given what we have seen so far, #nonprofit and #philanthropy leaders might be saying this phrase at the end of 2021: “Remember when we hosted that ‘bylaws and committee charter review’ party last year that was standing-room only?”

Today’s Fast Build Friday topic is the infrastructure trends to watch in 2021. Nic highlights the second of two 2021 trends that she wants to talk about in a bit more detail. It is the second part of a two-part series.

The second infrastructure trend that Nic thinks we should watch this year is #governance. We believe any organizations within the sector will start to critically question their governance structure and pay attention to the pipeline in place to recruit members to ensure that their boards and structure are both strong.

What are you thinking about governance in 2021? What other infrastructure trends are you seeing in 2021?

Let us know in the comments!

You can watch Episode 39 below.

Are you a trendspotter? Did you know that trendspotting can help you strengthen your #nonprofit infrastructure and inform your #capacitybuilding?

Today’s Fast Build Friday topic is reflecting on 2020 infrastructure trends. Nic highlights 3 of the 11 trends that we previously said the sector should be paying attention to.

Those three highlighted trends are donor collaboratives, place-based vision, and #technology. Listen to hear what we thought of each in 2020 and where we are now.

Would you be surprised to learn that all of the trends that we thought would become more visible in 2020, actually did? And COVID likely made them show up even more. And the racial justice protests, particularly in the United States, impacted these trends too.

To read about all 11 infrastructure trends, click here.

What infrastructure trends did you predict for 2020? Let us know in the comments.

You can watch Episode 37 below. 

We’ve been hearing a lot recently about MacKenzie Scott’s grant making, including to some organizations that were not expecting the millions they received. Do you think your #nonprofit is “ready” to receive $5M or $50M in unrestricted grant funding tomorrow?

Today’s Fast Build Friday topic is substantial grant award considerations. Nic shares two key considerations to help an organization prepare for and effectively use a substantial grant.

Receiving a substantial grant award should not be the end of the story. You need technical assistance alongside substantial, unrestricted funding to help ensure an organization’s effective use of the grant. And you also need to consider the ecosystem in which the organization sits when determining how you will use the grant. These considerations are critical to advancing your vision of the change you want to see in the world.

What would you do with $5M? How would you prepare? Let us know in the comments!

You can watch Episode 36 below.