Like all businesses, nonprofit organizations are subject to the overall trends within their sector—and like in any other industry, these trends are constantly changing. As the new year approaches, it's wise to understand and anticipate how these evolving factors might impact your nonprofit.
If you're new to philanthropy, you've likely encountered a range of new vocabulary in your research. We've tried to narrow down some of the most commonly used phrases and while it isn't an exhaustive list, we hope it'll help you on your philanthropic journey.
Wang Zhenyao, President of China Global Philanthropy Institute and China Philanthropy Research Institute of Beijing Normal University, said after his recent visit to Italy: "In the history of philanthropy in China, it's unprecedented for state leaders to witness an agreement reached by nongovernmental organizations."