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Headlines
India's jobs vs education conundrum needs a deeper fix | Deccan Herald, 16 apr 2024
Leveraging AI in Indian Rural Education | Analytics India Magazine, 16 apr 2024
A Decade of Reforms: The Evolution of Education and Skill Development | India Foundation, 16 apr 2024
Export numbers reflect resilience of Indian economy: FIEO | The Hindu, 16 apr 2024
Indian rural healthcare witnessed significant progress in last decade | The Statesman, 15 apr 2024
Rx for Referrals: Navigating the Ethical Considerations in India's Medical Landscape | Cyril Amarchand Blogs, 15 apr 2024
Growth momentum in Indian economy expected to persist, farm sector seen challenges | Business Standard, 15 apr 2024
CJI: Artificial Intelligence brings vast opportunities, complex challenges | The Indian Express, 14 apr 2024
In India, Some Say Natural Farming Is Answer to Extreme Weather | Voice of America, 13 apr 2024
Healthcare Innovation in India | Bain & Company, 04 mar 2024
April 2021
Mohammad Anas Wahaj | 27 apr 2021
According to the 2018 report 'Indian Giving Benchmarking Report', building strategy and attracting new donors are the two key fundraising challenges Indian nonprofits face. The research report was a collaborative effort of India Development Review (IDR), Samhita and the Collective Good Foundation to understand what nonprofits are doing when it comes to fundraising, and what is working in the individual donor fundraising space in India. The report is based on a 40-question survey filled by 682 nonprofits out of 2800 organizations in Samhita GoodCSR's network in 2018. HIGHLIGHTS OF THE REPORT - Nonprofits raised an average of INR 49 lakh (approximately USD 68000) from 191 individual givers; The median amount raised from individuals was INR 3.5 lakh (USD 4860) from 30 donors; Nonprofits had a diverse mix of revenue sources, with individual donors representing the largest share of total income at 35%, followed by government (18%), and CSR departments (13%); For small organizations, individual givers account for 60% of annual revenue. For large nonprofits, the figure is 16%, while for very large organizations, it's 10%; When it comes to CSR, very large nonprofits received 35% of their income from companies, compared to 7% for small organizations. KEY INSIGHTS - (1) Fundraising Strategies And Approaches: 72% find new donors through their founder's network and commonly leverage social media and board members to acquire new donors; Only 38% stated that their board members give money or are involved with fundraising; 68% find asking money face-to-face as the most effective way to solicit donations. (2) Donor Engagement: Annual reports (64%) and, beneficiary updates, letters, and interactions (62%) top the list of activities to build relationships with donors; Other engagement strategies include texting donors (31%), impact reports (33%), social media (39%), and face-to-face meetings (32%); 54% of nonprofits had a volunteer program to engage their potential and current donors. (3) Challenges When Fundraising From Individuals: 46% don't know how to attract new donors, and a third dont have a clear fundraising strategy; Some of the other challenges include lack of staff (26%), Crowdfunding platforms are not working/bringing in new donors/money (22%); Don't have clear and compelling message (22%); Don't have experience asking for money (18%); Don't know wealthy people (18%). Frontline fundraisers need to work hard and effectively to overcome challenges and to make serious and sincere efforts to identify donors and, to build and nurture relationships with them. Particularly in the time of pandemic, with many nonrprofits struggling to stay alive, nonprofits need innovative strategies so they can continue serving the communities. Read on...
India Development Review:
The fundraising challenges plaguing Indian nonprofits
Author:
Morry Rao Hermón
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