Knowledge base

How can my foundation improve its transparency practices?

Because transparency is so critical to improving philanthropy, Candid has a number of tools designed to help funders achieve greater levels of transparency in a variety of contexts, including improving overall institutional transparency, collective sector data, grants data, and overall sector knowledge.

Knowledge base

How can my organization find other grantmakers or potential grantees working in our areas of interest?

It is always a good idea to know about other organizations and funders working in the same areas as you. You may wish to collaborate, check out an innovative program, or model a grant after another organization’s efforts. This is also a good way to connect with thought leaders in your areas of interest.

Knowledge base

Where should we incorporate our nonprofit?

Pick a state your nonprofit is connected to, either by its work, where it's board members live or where it raises money. If you don't have any particular connection, you might bypass states like California and New York that heavily regulate nonprofits.

Knowledge base

Where can I learn more about fundraising planning?

Foundation grants account for only a small percentage of the overall funding picture in the nonprofit world. It is therefore essential for nonprofit organizations to investigate and incorporate a variety of potential revenue sources. This process is known as fundraising planning.

Knowledge base

Where can I learn more about hiring a consultant?

Hiring a consultant is like hiring an employee. You need to match what you want with the skills and experience on offer, check references and figure out how much to pay. These suggested guides can help you find pro bono and in-kind consulting help, too.

Topic(s)

Consultants
Knowledge base

Where can I learn more about making a nonprofit annual report?

The nonprofit annual report, although not a legal requirement, is often a valuable communications tool for nonprofits to get the message out about their activities over the course of the past year or years. It's also a great way to publicly recognize your donors.

Knowledge base

Where can I learn more about nonprofit audits?

Sometimes federal and state agencies and/or grantmaking foundations require nonprofits to provide audited financial statements. And sometimes nonprofits choose to undergo an audit to reassure supporters, board members, and other stakeholders that they are financially sound. For smaller nonprofits, a financial review is often enough to satisfy a funder.

Topic(s)

Finances
Knowledge base

Where can I learn about nonprofit mission statements?

The mission statement communicates the nonprofit's purpose, what groups it serves, and how it plans to do so. For a new nonprofit, developing the mission statement is a critical first step in defining what the organization plans to do and what makes it different from other organizations in the same field.

Knowledge base

Where can I find training in fundraising?

Candid offers free and fee-based training courses on fundraising and management. We have courses to fit your schedule: in-person classes, live or recorded webinars, and anytime self-paced eLearning courses.

Topic(s)

Fundraising