Crowdfunding for Non-Profits

2020 ◽  
pp. 376-390
Author(s):  
Amir Manzoor
Keyword(s):  
Financial Knowledge ◽  
Critical Question ◽  
Non Profit ◽  
For Profit ◽  
Not For Profit ◽  
Equity Investments ◽  
Start Ups

Crowdfunding has been applied to equity investments as well as in a preproduction consumer purchase model. Crowdfunding is projected to become a $US90-96 billion industry by 2025, and is being touted as a valuable tool for fundraising for charitable non-profits. For leading non-profits around the globe a critical question is whether charitable crowdfunding is a threat or an opportunity for them. This chapter demonstrates that charitable crowdfunding represents a powerful new fundraising tool for leading, start-ups and not for profit organisations. This discussion contributes to the financial knowledge, specifically in the online crowdfunding and non-profit organisations and concludes that non-profit organisations through crowdfunding has the potential to expand the donor base.

Crowdfunding for Non-Profits

2017 ◽  
pp. 152-167 ◽  
Author(s):  
Amir Manzoor
Keyword(s):  
Financial Knowledge ◽  
Critical Question ◽  
Non Profit ◽  
For Profit ◽  
Not For Profit ◽  
Equity Investments ◽  
Start Ups

Crowdfunding has been applied to equity investments as well as in a preproduction consumer purchase model. Crowdfunding is projected to become a $US90-96 billion industry by 2025, and is being touted as a valuable tool for fundraising for charitable non-profits. For leading non-profits around the globe a critical question is whether charitable crowdfunding is a threat or an opportunity for them. This chapter demonstrates that charitable crowdfunding represents a powerful new fundraising tool for leading, start-ups and not for profit organisations. This discussion contributes to the financial knowledge, specifically in the online crowdfunding and non-profit organisations and concludes that non-profit organisations through crowdfunding has the potential to expand the donor base.

scholarly journals Helping Yourself or Others? Motivation Dynamics for High-Performing Volunteers in GLAM Crowdsourcing

2020 ◽  
Vol 24 ◽  
Author(s):  
Sultana Lubna Alam ◽  
Ruonan Sun ◽  
John Campbell
Keyword(s):  
Financial Incentives ◽  
Incentive Structure ◽  
Open Communication ◽  
Non Profit ◽  
High Performing ◽  
For Profit ◽  
Not For Profit ◽  
Over Time

While most crowdsourcing (CS) cases in the literature focus on commercial organisations, little is known about volunteers’ motivation of initial and continued participation in not-for-profit CS projects and importantly, about how the motivations may change over time. It is vital to understand motivation and motivational dynamics in a not-for-profit context because a fundamental challenge for not-for-profit CS initiations is to recruit and keep volunteers motivated without any formal contract or financial incentives. To tackle this challenge, we explore high performing volunteers’ initial motivation for joining and sustaining with a GLAM (galleries, libraries, archives and museums) CS project. We situated our interpretive exploration in a case study of the Australian Newspapers CS project initiated by the National Library of Australia. Based on the case study, we found that high-performing volunteers were motivated by a combination of personal, collective, and external factors classified into intrinsic, extrinsic, and internalised extrinsic motivations. Further, we found that these motivations changed over time. Specifically, many volunteers presented substantial personal (i.e., personal interest and fun) and community-centric motivations (i.e. altruism and non-profit cause) when they initially joined the project, whereas external motivations (i.e., recognition and rewards) had a greater impact on long-term participation. Our findings offer implications for CS system design (e.g., user profiles, tagging and commenting), incentive structure (e.g., reputation-based ranking, leader boards), and relational mechanisms (e.g., open communication channels) to stimulate sustainable contributions for not-for-profit CS initiatives.

scholarly journals Corporate governance applicability and theories within not-for-profit sport management

2012 ◽  
Vol 9 (2) ◽  
pp. 335-342 ◽  
Author(s):  
Ian O’Boyle
Keyword(s):  
Corporate Governance ◽  
Best Practice ◽  
Sport Management ◽  
Business Environment ◽  
Non Profit ◽  
For Profit ◽  
Not For Profit ◽  
Practice Approach ◽  
Sport Organisation

This paper examines the role of corporate governance in non-profit sport organisations. Governance within the traditional business environment is a crucial issue for the ultimate success or failures of an entity. This study analyses if the structures and systems of governance within traditional business can be transferred to a sport organisation. The various governance theories are examined to assess their applicability within a sport organisation and the role of the board is also analyzed within the study. Finally, this paper examines areas of conflict which may arise relating to governance and concludes by offering a best practice approach to this integral issue within any modern sport organisation.

scholarly journals Effective Internal Controls for Not-For Profit Entities

2020 ◽  
pp. 47-58
Author(s):  
Achraf Seyam, CPA ◽  
Barry Copper, CPA
Keyword(s):  
Financial Reporting ◽  
Internal Control ◽  
Continuous Monitoring ◽  
Internal Controls ◽  
Professional Services ◽  
Non Profit ◽  
The Public ◽  
For Profit ◽  
Not For Profit ◽  
Non Profit Organizations

The importance of internal control is clear. Effective internal control makes sure non-profit organizations to carried out their mission and objectives, such as proper use of funds and provide professional services to the public without any risk of fraud and mismanagement or breach of ethics. Through continuous monitoring of non-profit’s performance and activities, internal controls dispose of the behaviors of non-profit organizations with their objectives. Internal controls also engaged in good management and make sure to provide appropriate financial reporting by providing accurate and complete reports to the management in a timely manner and make sure the sources are correctly allocated. Internal control is also the tool to safeguard assets that make sure the organizations physical and intangible assets are protected from fraud, misused, and error. Internal control is not only able to deter and detect fraud and error but also is able to reduce the chance to risks.

scholarly journals Understanding Motivations for Volunteering in Food Insecurity and Food Upcycling Projects

2020 ◽  
Vol 9 (3) ◽  
pp. 27 ◽  
Author(s):  
Sabrina Rondeau ◽  
Sara M. Stricker ◽  
Chantel Kozachenko ◽  
Kate Parizeau
Keyword(s):  
Food Insecurity ◽  
Social Life ◽  
Value Added ◽  
Social Enterprises ◽  
Second Grade ◽  
Non Profit ◽  
For Profit ◽  
Not For Profit ◽  
Life Improvement ◽  
The Many

For non-profit organizations relying on volunteers to operate, investigations into the motivations of volunteerism are critical to attract new volunteers and to support the current ones. This study looked at volunteerism in the not-for-profit project The SEED in Ontario, Canada, which is looking to address food insecurity through a new social enterprise project that will create value-added “upcycled” products from second-grade produce while offering training opportunities for youth facing barriers to employment. The aims of this paper were to explore why volunteers chose to offer their time to this project and to gauge the current volunteers’ interest in volunteering with the organization’s new “Upcycle Kitchen”. Thirty-seven volunteers responded to a self-administered survey. They reported altruism, self-development, and social life improvement as their main motivations for volunteering. The volunteers expressed enthusiasm toward the Upcycle Kitchen initiative, which seems to be attributable to the multidimensional, creative, and educational aspects of the project. Tackling food insecurity and reducing the environmental impact of food waste are values which would most likely influence the respondents’ willingness to volunteer in food upcycling activities. We believe that this study is a good model to learn about the many facets of volunteerism for social enterprises developing upcycling-based food projects.

TOG Hackerspace

2019 ◽  
pp. 177-197
Keyword(s):  
Learning Communities ◽  
Walking Distance ◽  
Creative Arts ◽  
Commercial Activity ◽  
Community Based ◽  
Modern Culture ◽  
The Public ◽  
For Profit ◽  
Not For Profit ◽  
Start Ups

The TOG Dublin Hackerspace has been in existence since 2009 with a membership base of 73 users in 2017. The space is located in central Dublin, Ireland within easy walking distance of a number of public transport areas. The space is a not-for-profit business with shareholders and associate members who hold voting rights. The stated objectives of the space are to advance science, technology, modern culture, and the creative arts in the Dublin area. As such, the space is strictly non-commercial and does not provide manufacturing services. The space does not provide areas for or encourage start-ups or other types of commercial activity and self-police of members' activities. Known for its rubber duck mascot, TOG participates in a number of community-based activities like the Dublin Maker Faire and other events. The space also organizes a number of events and workshops open to the public and for members to connect and create learning communities around machines and group interests. This chapter explores TOG Hackerspace.

scholarly journals The need for specific accounting principles for non-profit organisations’ assets without economic benefits, restricted donations and funds

2013 ◽  
Vol 6 (2) ◽  
pp. 459-478 ◽  
Author(s):  
Cobus Rossouw
Keyword(s):  
South African ◽  
Financial Reporting ◽  
Economic Benefits ◽  
Non Profit ◽  
For Profit ◽  
Financial Reporting Standards ◽  
Not For Profit ◽  
Fund Accounting ◽  
Accounting Practitioners ◽  
Business Entities

Non-profit (or “not-for-profit”) organisations are faced with specific challenges in their financial reporting when they are required to or chose to apply formal financial reporting standards. The IFRSs or the IFRS for SMEs are meant for business entities and are not specifically developed to be applicable to non-profit organisations. Prior research suggested that the main problems of nonprofit accounting centre on the recognition of assets with no future economic benefits, but with service potential, the recognition of restricted income and the so-called fund accounting. This research analyses the requirements of IFRSs, IFRS for SMEs and the Australian accounting standards for non-profit organisation relating to these aspects. The article then presents the views of South African accounting practitioners who are involved in the financial reporting of non-profit organisations on these issues.

scholarly journals Performance management and the balanced scorecard in the modern non-profit organisation

2011 ◽  
Vol 7 (1) ◽  
pp. 48-56
Author(s):  
Ian O’Boyle
Keyword(s):  
Performance Management ◽  
Balanced Scorecard ◽  
Potential Benefit ◽  
Business Environment ◽  
Measurement Tool ◽  
Management Approach ◽  
Non Profit ◽  
The Balanced Scorecard ◽  
For Profit ◽  
Not For Profit

Performance management is a process that has been used in the for-profit business environment for many years and has had significant benefit for that sector. As the not for- profit organisation enters new dimensions of competitiveness, increased professionalism and a call for greater transparency, the utility of a performance management approach within the not for profit environment and its potential benefit for such an organisation is explored. The application and appropriateness of the balanced scorecard as a measurement tool is analyzed within the article and it becomes apparent that such a tool can have a direct impact on the performance of the modern not for-profit entity.

scholarly journals Managing Competency in Non-Profit Organization: Experience with a European University

2014 ◽  
Vol 8 (4) ◽  
pp. 209
Author(s):  
Mostaq M. Hussain ◽  
John Russell ◽  
Ayman Haddad
Keyword(s):  
Manufacturing Sector ◽  
Educational Institution ◽  
Nordic Country ◽  
Educational Institutions ◽  
Research Report ◽  
Research Directions ◽  
Non Profit ◽  
For Profit ◽  
Not For Profit ◽  
Made In

Competence Management (CM) has been discussed in contemporary academic and practitioner literature as a managing tool of Core Competences. Most of the studies of CM deal with manufacturing sector and profit organizations. Very little is known about CM in services and almost nothing in not-for profit organization. No research report has yet been found in educational institutions. Although, CM is not only important in manufacturing and profit organizations but also important in non-profit, like educational institutions, in order to meet the required quality and competitiveness of 21st century's education. Thus, an attempt has been made in this research to study CM in the administration of one the top ranking University in a Nordic country. The result results reveal that competencies had been defined in individual, network and unit level, but lack of integration of a comprehensive CM framework unable the higher educational institution to achieve the benefits of core competence. Based on the empirical findings, some policy and research directions are given at the end of the research.  <br /> <br /><br />

scholarly journals Preference for Prestige: Commentary on the Behaviour of Universities and their Benefactors

2017 ◽  
Vol 29 (3) ◽  
pp. 145-173
Author(s):  
Charlotte S. Caton
Keyword(s):  
Nonprofit Organizations ◽  
Quality Data ◽  
Arts Organizations ◽  
Non Profit ◽  
For Profit ◽  
Not For Profit ◽  
Major Donors

This paper examines institutional behaviour, as perceived and described by individuals who have donated large gifts to private non- profit (not-for-profit) corporations especially universities. The study improves the understanding readers may have of the means used by Canadian institutions to initiate relationships with individuals capable of making large gifts, of how these relationships are nurtured, of who in the organization influences decisions about the purposes served by gifts from these donors and of how institutional and/or personal prestige are factors in donor-recipient relationships. More significantly, the study explores the degree to which institutions involve major donors as partners in enhancing an institution's reputation for quality. Data reported here were gathered from interviews with donors to universities, hospitals and arts organizations in Toronto. The responses of donors are reported and some differences identified between donors to universities and donors to either hospitals or arts organizations. With the largest generational transfer of wealth in history starting to occur, the findings may prove useful to universities as they compete for charitable dollars with other nonprofit organizations.

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