In 2020, nonprofits will face many challenges. A recent article published by The NonProfit Times examines five of the biggest obstacles they anticipate for nonprofits this year.
Diversity, Equity and Inclusion – Initiatives in these areas have been getting plenty of attention by for-profit companies for some years now. While non-profits do not deal with corporate regulators and stakeholders calling for greater diversity, they will begin to feel more pressure from funders and activists.
Income Inequality – Much more attention is being paid to the phenomenon of income inequality. Nonprofits should consider focusing on paying a living wage to their workers and putting thought into their executive pay strategies.
Nonprofits Taking Stands – Nonprofits play a key role in driving change when it comes to social and environmental issues. As members of younger generations take on leadership roles, they are expected to be even more vocal.
Environmental Sustainability – Despite the vocal support of environmental causes from many nonprofit leaders, their organizations are still often found lacking. Younger leaders are more likely to encourage the adoption of sustainable practices.
Cybersecurity – Cybercrime is a big problem—one for which many nonprofits are not sufficiently prepared. As the threat grows, nonprofit organizations need to move rapidly to adopt new security measures.