On Friday we tweeted the link to the Pittsburgh Business Times article featuring Pittsburgh Foundation President and CEO Grant Oliphant discussing nonprofit mergers, including the recent one between the Foundation and the Community Foundation of Westmoreland County.
While mergers of foundations are not commonplace, mergers, acquisitions and other types of partnerships have been on the radar of nonprofit executives since before the economy soured in 2007. Looking ahead, at a slow recovery and a duty to balance fiscal prudence with the very real need for programs and services, mergers may be the “new normal” for nonprofits.
A few resources on nonprofit mergers:
This past spring, M&R Strategic Services and Nonprofit Technology Network (NTEN) released their annual benchmarking report, 2010 eNonprofit Benchmark Study, which examined the online communication, fundraising and advocacy efforts of over 30 nonprofit organizations.
Some findings include:
- Online fundraising increased by 4.5% between 2008 and 2009
- The average size of a one-time online donation was $81.33
- Environmental nonprofits raised the majority (96%) of their online revenue from one-time gifts
For more findings and to compare your organization’s online strategy to the benchmarks visit the study website to download a free copy of the report and slideshow presentation.