In 2022, fundraising for nonprofits is more of a digital effort than ever before. According to a CNBC report, 3 out of 4 Millennials donated to a nonprofit since the COVID-19 pandemic began.
In 2022, fundraising for nonprofits is more of a digital effort than ever before. According to a CNBC report, 3 out of 4 Millennials donated to a nonprofit since the COVID-19 pandemic began. People from other age groups have also been quite generous with their donations, with Gen Z having the second highest giving rate at 66%. Not only that, but young people are most inspired to give by social media and email. In today's age, it's increasingly more crucial for nonprofits to use a series of digital tools.
Fundraising software and programs like Microsoft Excel are especially helpful if you're running a nonprofit organization. In particular, they can help to keep your finances and fundraising campaigns organized. Leveraging free online templates and tools can provide some much-needed structure for your NPO.
Utilizing Free Microsoft Excel Templates
Microsoft Excel is a surprisingly helpful tool for NPO data management. While traditionally used for exporting, collecting data, and sorting, modern Excel has a wide array of capabilities. NPO owners can use it for analyzing fundraising trends and creating donation invoices.
Invoicing is something every nonprofit needs to get down pat. Otherwise, it's easy for you to overspend since you aren't tracking your income. A nonprofit organization has the same needs as any business. Spending on operating expenses such as directors' meetings, human resources, office management, marketing, and the like has to be efficiently managed to avoid going over budget. If you don't have a reliable method to keep track of your donations and expenses, Excel can help out in a big way. In particular, a free invoice Template Excel spreadsheet is a sure-fire way to keep track of it all. Free templates are readily available online, and they can make all the difference when it comes to managing invoices.
Other Useful Features of Excel for Nonprofits
Invoicing isn't all that NPOs get out of using Excel, either. There are plenty of other features that come in handy when managing a nonprofit. One of which is the map charts feature, where you can map all your connections by zip code, city, state, or region. That's useful for analyzing which areas are making the most donations. Identifying cities or states where donations are low can help owners identify where they need to ramp up their marketing efforts.
One-click forecasting is another valuable tool for nonprofit organizations. It's where Excel analyzes users' historical data to make predictions about the future. This tool can predict future donations, volunteer engagement, and other data points for a nonprofit. With a click of a mouse, NPO owners can forecast the future to create an educated business plan. If the program forecasts a lack of volunteer engagement, owners know when to ramp up their recruitment efforts.
Meanwhile, modern versions of Excel contain the flash fill feature. It's a souped-up version of autofill - and it's a great way to save time. It will predict what users want to type and will fill it in for them. It can also make cleaning data up quicker and easier than ever before.
Running a nonprofit organization can become overwhelming without the proper tools. Software and digital tools matter more than ever in the modern age, even for nonprofits. To stay organized and successful, data analyzing tools such as Excel are necessary. Thankfully, there are many free templates online to make the process less expensive.
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