Skills-based volunteering is a type of volunteering where individuals leverage their unique talents and skills to help a nonprofit organization. This type of volunteering is beneficial for all involved parties: nonprofits get access to specialized skills, employees are more fulfilled, and businesses give their brand a boost. According to an article from MENAFN.COM, many organizations are tapping into this enthusiasm by embracing skills-based volunteering. 

The state of Colorado is awarding $33.1 million to small nonprofits through a new grant program, according to the Greeley Tribune. The grant program is designed to help small nonprofits that have been struggling due to the economic impacts of the COVID-19 pandemic. The money will be used to help the nonprofits with operational costs and to provide services to those in need.

AI has the potential to revolutionize nonprofit organizations by increasing productivity, reducing costs, and enabling employees to focus on impactful initiatives, especially during challenging economic times.

Nonprofits and for-profit enterprises now compete in the same market, blurring the distinction. Start-ups face a crucial decision of whether to choose a for-profit or nonprofit structure. Factors such as market readiness, customers' willingness to pay, capital availability, and access to talent and resources should guide the decision-making process.