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Nonprofits come in all shapes and sizes, but they all have the common desire to contribute positively to society. However, the Achilles heel of most nonprofits is their limited resources, which hinder their most noble intentions.
Networking and partnerships can fill this financial gap. A recent study shows that non-profits that form active networks increase their chances of securing project funding by 30%.
If you want to know the role that networking and partnerships play in the success of a non-profit, read on.
Joining forces with trusted organizations helps a nonprofit build rapport with its present audience and establish a strong foundation for its future missions.
Philanthropy collaborations are particularly beneficial for nonprofits that are just beginning to establish a presence in the community.
In addition, the non-profit can draw clout from the partner organizations to gain extra legitimacy in the public’s eye.
Every nonprofit organization dreams of having a team of enthusiastic volunteers contribute to its goals. Fortunately, there is a large pool of resources to attract such talent. According to a study, 60% of companies offer paid leave to their employees for volunteering.
Plus, more than 50% of employees consider it an honor to volunteer their skills for noble courses such as those done by non-profits.
For example, a nonprofit organization that partners with a graphic design company can recruit volunteers to design marketing materials for the organization’s social media and email marketing campaigns.
Nonprofit partnerships can also preserve the nonprofit’s limited financial and human resources that can be used for other, more worthy purposes.
Nonprofits that have achieved a notable level of success understand that effective community engagement is key to building tight relationships.
When the local communities feel like active participants in a project, the non-profit's impact becomes more meaningful and sustainable.
Some effective committee engagement tactics include hosting workshops, events, and forums with members of the local community. Such actions reinforce the community's determination to accept change.
As mentioned above, funding and personnel shortages plague many nonprofit organizations.
However, by partnering with external businesses, nonprofits can access much-needed supplementary financial resources and new technologies that would otherwise be out of their reach.
In addition, Several companies can come together to support a non-profit in launching its products, as in this case, which was covered by the Harvard Business Review.
Running a non-profit organization is a full-time affair that requires maximum dedication and professionalism.
Networking with mentors and peers can help nonprofits see things from a different perspective and remain updated about the latest trends in the sector.
As we look back on the role that networking and partnerships play in the success of nonprofits, we must acknowledge that strong communities are built on a foundation of strategic alliances.
Remember, the goal of nonprofit networking isn’t simply securing funding for running a nonprofit's operations, it’s about making a lasting change in a community that will echo for ages to come.
