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The Power of Better Giving: Securing a Bright and Sustainable Future

This article provides a comprehensive understanding of the immense benefits of embracing Better Giving as a fundraising tool.

Gabriel avatar
Written by Gabriel
Updated over a week ago

THE POWER OF BETTER GIVING: A SUSTAINABLE FUTURE

Better Giving enabling organizations from around the world to accept donations from around the world!

For US donors, they also get the tax benefits they need. Organizations can benefit from a sustainable and affordable quasi-endowment, The Better Giving Sustainability Fund, and tap into the altruism of a younger and global donor base, both individual and corporate.

By embracing Better Giving, organizations can ensure the long-term sustainability and growth of their charitable endeavors while staying ahead of the evolving philanthropic landscape.

Costs: Financial accessibility and cost-effectiveness

One of the most appealing aspects of Better Giving is its financial accessibility and cost-effectiveness. Setting up an account for Better Giving is completely free, with no upfront or annual subscription costs and no ongoing platform fees.

This means that organizations can embrace this innovative fundraising approach without any financial burden or barriers or risks.

Another key advantage is that the only fees associated with Better Giving - the Better Giving Sustainability Fund management fees - are only incurred when funds are received into that fund for long term success. This is enabled because Better Giving's costs are covered by donations to their own 501(c)(3) nonprofit.

The Better Giving marketplace and the Better Giving embedded donation form mean that once organizations choose where to send donors, they have ONE page to visit to donate in many different ways. All managed by Better Giving. This means that the workload for organizational teams behind the scenes managing different donation routes has been removed.

More cost reduction.

Finally, organizations have control over the funds donated. They choose whether funds are granted out to them at the end of the month, whether they stay in a lower yield/low risk savings account, or whether they benefit from an investment account that has higher returns and makes use of the funds effectively - building for the future.

The fee structure and timeliness ensures that the financial impact on organizations is minimal and directly proportional to the success and growth of any fundraising campaigns.

It allows organizations to focus their resources on maximizing donations and making a positive impact, while minimizing any financial risks or unnecessary expenses.

By leveraging the cost-effective nature of Better Giving, organizations can allocate more funds towards their core mission and ensure that the majority of the donations received directly benefit the causes they serve.

The Benefits of the Unique Better Giving Sustainability Fund

Better Giving is not just about being able to accept cryptocurrencies, stocks, DAF contributions and dollars.

The Better Giving Sustainability Fund - a board managed quasi-endowment - offers organizations a multitude of advantages.

  • Firstly, either the savings or the investment accounts embedded in the Sustainability Fund provide a stable and predictable source of income for organizations, allowing for greater planning and budgeting.

  • Secondly, it can serve as a financial buffer during economic downturns, better enabling them to continue their vital work even during challenging times.

  • Finally, the long-term nature of the fund ensures sustainability, as it grows over time, generating consistent returns that can be reinvested into their mission.

Better Giving is enabling a service provided by such as the multi-billion dollar Silicon Valley Community Foundation, but for nonprofits of any size, anywhere.

Why let the large nonprofits be the only ones to benefit from such services?

By embracing Better Giving and its sustainability fund, organizations are helping safeguard their financial future, guaranteeing their ability to make a lasting impact on the causes they support.

Attracting a Younger, Affluent, and Global Donor Base

Better Giving presents an unparalleled opportunity to engage a younger, affluent, and globally connected demographic.

The rise of digital platforms and social media has revolutionized the way people interact and support causes they care about.

By embracing Better Giving as part of their digital strategy, organizations can tap into this interconnected world, leveraging the power of online communities to amplify their message and reach a wider audience.

Younger donors are increasingly motivated by causes and purpose, and Better Giving allows them to contribute in a meaningful and impactful way. By embracing this innovative approach, organizations demonstrate their adaptability, resonating with a new generation of philanthropists, and securing long-term support for their mission.

Even for local or regional nonprofits, global exposure has its perks.

By expanding their reach beyond their immediate geographical area, organizations open doors to a wealth of donor opportunities that can significantly amplify their impact. It's not just about tapping into a broader pool of potential donors; it's about sharing knowledge, learning from the experiences of others in similar fields worldwide, and gaining access to global best practices and innovative solutions to the challenges they face.

This global perspective can enrich organizational programs, making them more effective and responsive to the needs of the communities they serve.

Being part of Better Giving's global network increases their visibility and credibility, attracting partnerships and collaborations that might have been out of reach otherwise. It's a way to supercharge their mission, bringing in resources, ideas, and energy from across the globe to fuel their local initiatives.

Corporate Social Responsibility (CSR) from the Blockchain Community

Better Giving's roots were within the blockchain community. So that opens up a remarkable avenue for organizations to tap into the vast potential of the Better Giving Alliance and engage with socially responsible blockchain companies.

The Better Giving Alliance comprises a network of individuals and organizations dedicated to using blockchain technology for positive social impact. These companies embrace corporate social responsibility (CSR) principles and prioritize philanthropy as a core part of their mission.

With Better Giving, organizations can position themselves as attractive recipients for CSR initiatives from these blockchain companies, unlocking a new stream of donations and strategic partnerships.

This collaboration not only provides financial support but also offers access to cutting-edge technologies, innovative solutions, and a global network of like-minded organizations. Organizations can amplify their impact, leverage shared values, and forge powerful alliances that drive positive change on a global scale.

Addressing Concerns about Crypto

One of the most recent concerns around the future of fundraising is the involvement of cryptocurrencies.

It is crucial to recognize that major cryptocurrencies, such as Bitcoin or Ethereum, have gained mainstream acceptance by some of the largest and most well known financial institutions and provide a secure and transparent method of transferring funds.

So, cryptocurrencies have emerged as a transformative force in the financial world, and their presence is undeniable. As organizations look to the future, it becomes increasingly clear that cryptocurrencies are here to stay.

Governments and regulatory bodies worldwide are recognizing the potential of digital currencies and are taking steps to establish regulatory frameworks to ensure their safe and responsible use. This growing regulation brings greater legitimacy and stability to the crypto market, mitigating concerns about volatility and security.

Ignoring the opportunities presented by cryptocurrencies would mean missing out on a rapidly evolving landscape of digital finance.

By embracing Better Giving, which enables organizations to benefit from crypto donations while reducing their exposure to any risk, they can position themselves at the forefront of this emerging trend. It not only allows them to tap into a tech-savvy and forward-thinking donor base but also demonstrates their adaptability and readiness to embrace the financial technologies that will shape the future.

At no risk.

By integrating crypto donations into their fundraising strategy, organizations can harness its potential and secure a strong financial foundation for years to come.

Futureproofing Financial Stability

The philanthropic landscape is continually evolving, and organizations must adapt to secure their financial stability. Better Giving provides a forward-thinking approach, futureproofing organizations against potential economic uncertainties or changes in traditional fundraising models.

Diversifying revenue streams through Better Giving ensures financial resilience and independence, reducing reliance on a single source of funding.

By embracing emerging technologies and innovative fundraising mechanisms, organizations position themselves as leaders in the sector, fostering trust, and attracting strategic partnerships. By adopting Better Giving, organizations are paving the way for a sustainable future, positioning themselves at the forefront of philanthropic trends.

Using Better Giving is a transformative step that can revolutionize organizational fundraising efforts and secure a bright and sustainable future.

By addressing concerns about crypto, safety, and anonymity while highlighting the benefits of an endowment and attracting a younger, affluent, and global donor base, organizations can position themselves as leaders in the philanthropic landscape.

This is not only an opportunity to futureproof their financial stability but also a means to expand their reach, deepen their impact, and create lasting change.

With the support of Better Giving, organizations can flourish and continue making a difference in the lives of those they serve.

Organizations are strongly recommended to consider joining Better Giving.

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