Finance and fundraising – office adversaries or the best of friends?
We surveyed more than 1,400 nonprofit professionals to better understand the current state of collaboration between finance and fundraising. You can downloaded the full research study to dig into all the findings, but for now, here are a couple of the key takeaways:
- There’s opportunity for improving the relationship. More than half of fundraisers (55 percent) see room for improvement, characterizing the relationship as somewhat or not at all collaborative. Nearly half of nonprofit finance staff (45 percent) describe the relationship as somewhat or not at all collaborative.
- Boomers feel the most collaborative. Millennials see room for improvement. A majority of Boomers working in finance (60 percent) and fundraising (57 percent) feel the relationship is very collaborative. However, 34 percent of Millennials surveyed who work in fundraising, and 51 percent of finance professionals think there is a very collaborative relationship.
- Differing priorities, metrics, and communication are top challenges. Both nonprofit finance and fundraising professionals cite differing priorities, variances in reporting metrics, and lack of communication/information sharing as the biggest challenges they face when working together.
Do any of these challenges sound familiar? Take a look at the infographic below to learn about opportunities to foster more collaboration at your nonprofit. Do you have ideas how these two groups can work better together? Let us know in the comments!