How to maximize CSR programs using the right solution
- Corporate social responsibility
- Employee giving
- Employee volunteering
- Corporations
- Corporate Social Responsibility
While it would be ideal for nonprofit organizations to process donations at zero cost, there is a widely known and accepted cost associated with charitable giving: donation processing fees. How you manage this cost is really what matters.
The secret is that your nonprofit doesn’t need to take an all-or-nothing approach when it comes to managing your donation processing fees. Rather, you can process donations in a way that aligns with your purpose, brand, and operations. With the right tools, you can develop a plan that is unique to your nonprofit and its programs, while still being cognizant of your needs and challenges.
Even in the nonprofit industry, there are overhead costs. Paying for staff and volunteer management, office space, technology, maintenance, programming space, legal, accounting, fundraising, marketing, and donor relations all add up.
Donation processing fees are part of these overhead costs. However, if you take a strategic approach to donation fee coverage, including outsourcing payment processing, you will gain the control, flexibility, and opportunity needed to create a transparent, mutually beneficial process for your nonprofit and your donors.
Some of the coverage approaches your nonprofit can choose are:
Covering the cost associated with charitable donations presents unique challenges. You can apply any or all of these approaches to your programs in a way that aligns with your nonprofit’s unique needs. Mix and match them for a customized approach that suits your nonprofit’s unique needs.
Regardless of which fee coverage approach you decide to take, using donation processing software can help you manage the cost associated with your donations in an intentional way. You’ll be able to seamlessly disburse the maximum donation in the shortest amount of time at the lowest possible cost.
That’s where Bonterra’s Disbursement solution comes in. With the goal of providing innovative software and services in the most secure and efficient way, it offers three types of disbursements to serve the needs of nonprofit customers. Furthermore, it offers the following benefits:
These benefits address many nonprofit concerns, including:
Bonterra Disbursement focuses on the inefficiencies in the donation process and eliminates them to create a streamlined process for your nonprofit. This software solution strives to meet the needs of its customers by creating customized processes for each one of them.
While donation processing fees can pose a challenge for nonprofits, outsourcing the process can benefit your nonprofit. By using disbursement software, you’ll be able to efficiently process donations and minimize associated fees.
Bonterra Disbursement can help your nonprofit make its desired impact. With this Corporate Social Responsibility software, you can learn more about leveraging faster funds availability, accessing more dollars for your causes, and making a bigger bottom-dollar impact. You can even request a free demo to make sure that the software aligns with your nonprofit’s needs.
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