The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments for 2023 were big. Here are the numbers that small business owners need to know.
Not-for-profit organizations play a vital role in society by addressing social, environmental, and economic issues that affect communities. These organizations rely on donations, grants, and other forms of funding to support their programs and services. However, in order to attract and retain donors, not-for-profits must market themselves effectively. In this blog, we will explore the value marketing can provide to a not-for-profit’s success.
1. Build Awareness
One of the primary benefits of marketing for not-for-profits is building awareness. By promoting their mission, programs, and services, not-for-profits can reach a wider audience and educate people about the issues they are addressing. This can help to increase support and donations from individuals, corporations, and foundations.
2. Establish Credibility
Effective marketing can also help not-for-profits establish credibility and trust with their audience. By sharing success stories, testimonials, and other evidence of their impact, not-for-profits can demonstrate their effectiveness and build confidence in their ability to make a difference.
3. Engage Supporters
Marketing can also help not-for-profits engage their supporters and build a sense of community around their cause. By using social media, email marketing, and other channels, not-for-profits can keep their supporters informed about their work and encourage them to get involved. This can help to build a loyal base of supporters who are more likely to donate and advocate for the organization.
4. Increase Donations
Ultimately, effective marketing can help not-for-profits increase donations and funding. By promoting their impact, building credibility, and engaging supporters, not-for-profits can inspire people to give and support their cause. This can help to ensure the sustainability of the organization and its programs over the long term.
Not-for-profits play a critical role in addressing social, environmental, and economic issues in our communities. By marketing themselves effectively, not-for-profits can build awareness, establish credibility, engage supporters, and increase donations. This can help to ensure the success and sustainability of these organizations and the important work they do. For assistance in executing effective marketing, contact our marketing department.
Written by Billy Cox, CPA