Andrew Elsoffer’s Blog
What to Expect From a Nonprofit Audit
For nonprofit organizations, maintaining transparency and accountability is paramount. One crucial tool in achieving this is the nonprofit audit. While the term may sound intimidating, understanding what to expect from a nonprofit audit can demystify the process and...
5 Famous Philanthropists
Philanthropy has shaped societies, alleviated suffering, and contributed to global development. Throughout history, numerous individuals have stood out for their immense contributions to philanthropy, dedicating substantial portions of their wealth and influence to...
Branding Tips for Nonprofits
Establishing a solid and recognizable brand in the crowded nonprofit sector is vital for standing out and connecting with supporters. Unlike for-profit businesses, nonprofits must navigate the unique challenge of conveying their mission and values compellingly to...
Ways Philanthropists Can Lead Change
Philanthropy has been a driving force behind some of the world's most significant societal advancements. With their resources and commitment, Philanthropists have the potential to instigate transformative change on both a local and global scale. However, the mere act...
Ways to Encourage Your Peers to Embrace Philanthropy
In a world rife with challenges, from environmental crises to socio-economic disparities, the significance of philanthropy cannot be overstated. Altruism is more than just donating money; it's about making a lasting impact and creating a ripple effect of positive...
Charities to Support This Holiday Season
In the US, individual contributions make up the majority of donations to various charitable organizations. While altruism may play a significant role in motivating people to help others, it is also commonly known that this time of year is the busiest for a reason....
How Non-Profits Can Fund Themselves
Nonprofits must apply for grants every year or so to receive free money from the government or other organizations. Part of the process involves writing a grant letter in the same way that a business owner writes a business plan. The purpose is to show that the organization’s goals, values, and actions are worth investing in.
AI and Venture Capital: How This Technology Can Benefit the Market
First, artificial intelligence eliminates bias on people based on location, race, or experience. Transparency is introduced to the process. AI presents a data-driven approach. The only parameters used to decide who gets the venture dollars are real data. AI allows entrepreneurs to use several future growth predictive factors. These factors include product differentiation, consumer sentiments, and distribution. Venture capitalists can be able to gauge the future of a startup or small brand using such info. AI has introduced merit to the process. Only the most outstanding business venture is funded.
Using Bitcoin for Your Nonprofit
For those who are adept at keeping their computer secure from unwanted entry, there are wallets for you as well. The good old “Bitcoin core” wallet is still available for the purists out there. For those who do not want to download multiple gigabytes of data, there is a more lightweight wallet from Electrum. The Electrum wallet is supported by other servers and requires a seed password to use. Your “seed” will be a randomly generated set of 12 dictionary words that you must guard. They are the password to the Electrum wallet. Because this wallet connects to other servers, it has a small chance of being hacked.
Supporting Small Businesses Amid the COVID-19 Pandemic
The social distancing measures imposed to curtail the spread of coronavirus have significantly affected small businesses. These measures have reduced small businesses’ solvency and cash flow by decreasing the number of customers who serve as the primary income source that keeps these businesses in operations and their employees at work.