Giving Compass' Take:

• Forbes Nonprofit Council discusses factors that influence nonprofit organizations and their capacity in the long term. 

• How can funders help nonprofits stay relevant and up to date? 

• Read about some other critical circumstances that impact nonprofit success. 

Below, we asked members of Forbes Nonprofit Council to each share the top three factors they expect to influence or change the way nonprofits function this year. Keep them in mind when planning your nonprofit organization’s yearly trajectory.

  1.  Tax Code, Stock Market, Effective Altruism Changes in the tax code may affect the contribution levels of some donors and cause nonprofits to be more conservative in budget management and program planning.
  2. Global Economy, Hiring, Firings With borders heating up, hiring international people is harder, making it harder to achieve your diversity plan. But global firings can be a positive -- when people are let go, they seek meaning and employment from you.
  3. Politics, Tax Reform, Election Chatter Political activity will drive giving toward groups involved at the government level.
  4. Millennials, Economy, Technology  Nonprofits must be like technology companies at heart and leverage tools to increase donor choice and improve stewardship. Nonprofits must also appeal to millennials by using social media platforms for fundraising.
  5. New Revenue, ROI, Measurable Results Nonprofits must leverage data-driven decisions based on return on investment (ROI), understanding the problems you want to solve and focusing on creating measurable value so supporters will choose you
  6. Mobile Giving, Taxes, Social Impact Funding Tax reform in regards to transportation and parking benefits will be an Unrelated Business Income Tax (UBIT) issue for those nonprofits that provide these things to their staff as written bonafide perks.
  7. Social Media, AI, Online Giving The dynamic platform of social media coupled with artificial intelligence and online giving are on the verge of making virtual assistance and cobots valued friends of the nonprofit.
  8. Economic Stability, Political Stability, Taxes Instability in the economic and political sectors impacts donors capacity to give as well as their sense of security.

Read the full article about factors expected to influence nonprofit organizations from Forbes Nonprofit Council, at Forbes