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The non-profit sector is currently experiencing a surge in demand for services, driven by increasing social and economic challenges globally. Digital transformation and innovative fundraising strategies are becoming more critical. Heightened focus on transparency and impact measurement are key trends. Competition for funding is intense, necessitating diversification of revenue streams and strategic partnerships. Advocacy and policy engagement are also gaining importance to address systemic issues.
Total Assets Under Management (AUM)
Charitable Giving in United States
~$499.3 Billion
(-3.4% CAGR)
- Giving by individuals decreased by 6.4%.
- Giving by foundations increased by 2.3%.
- Corporate giving decreased by 3.4%.
1.7 Trillion USD (2022,
AI-powered tools are enhancing fundraising efforts through personalized donor engagement and predictive analytics for identifying potential donors and optimizing campaign strategies.
Blockchain technology ensures greater transparency and accountability in fund management, allowing donors to track their contributions and verify the impact of their donations.
VR/AR are creating immersive experiences for donors, allowing them to virtually visit project sites and witness the impact of their contributions firsthand, enhancing engagement and empathy.
This act requires non-profit organizations to adhere to strict governance standards, including financial transparency and accountability, to maintain public trust and confidence. (Year Varies by State). The Sarbanes-Oxley Act also contains provisions affecting non-profits (2002). buildOn will need to be aware of State-specific laws as that is where non-profits are registered and will most likely be governed from a regulatory perspective. While federal laws are present for Non-Profits, State law is paramount as state attorney generals often have oversight to charities in particular.
Compliance ensures continued tax-exempt status and the ability to attract major donors and grants, which are critical for buildOn's operations.
CCPA grants California residents, and by extension, donors, certain rights regarding their personal data, including the right to know what data is collected, how it is used, and the right to delete it (2018). buildOn and other Non-Profits who solicit California prospects need to adhere to these rules or face penalties as determined by the CA Attorney General's office. Other States such as Colorado and Virginia also have laws in place that can be seen here: https://iapp.org/resources/article/us-state-comprehensive-privacy-law-comparison/ to understand the various State's laws.
Staying updated on data privacy laws ensures buildOn protects donor information, maintains trust, and avoids potential legal repercussions, supporting the organization's reputation and sustainability.
These regulations govern how non-profit organizations solicit donations, requiring them to register in states where they actively fundraise, disclose financial information, and adhere to ethical fundraising practices. (Varies by State). As non-profits solicit funds across State lines on the internet, they are subject to the laws of those states as well. This can create an administrative burden for charities as the rules can differ widely.
Complying with these regulations ensures that fundraising practices are ethical and transparent, which enhances donor confidence and strengthens buildOn's reputation, crucial for sustaining donations.
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