Top 5 Ways Nonprofit Organizations Can Save Money

It doesn't matter whether the economy is booming or busting - nonprofit organizations are always interested in saving money. Of course, "saving money" doesn't necessarily have to mean "cutting corners" or "doing without altogether." There are plenty of ways nonprofit organizations can save money and still operate effectively and efficiently.

1. Accept Donations
Whether you need a few simple pieces of equipment like telephones and cameras or larger pieces like computers and fax machines, chances are there's a family member, friend, or another business or organization that's already in the market to upgrade and willing to donate old supplies to you.

2. Buy Refurbished Electronics
If you can't find everything you need through donations, consider buying refurbished electronics. Buying refurbished office equipment like refurbished machines, copiers, printers, fax, telecom systems, computers, and even cameras is a great way for nonprofit organizations to save money.
After customers return them to the stores (either because they've changed their minds or found some minor problem with the way the electronics functioned), manufacturers inspect the items and make any repairs before certifying they're ready to return to store shelves as "refurbished" items. The manufacturers can't sell the items at the same prices as they'd sell brand new items, so they sell them at significantly lower costs. Purchasing refurbished electronics at lower costs than brand new electronics at regular costs helps nonprofit organizations save money.

3. Look for Volunteers
Many nonprofit organizations already acquire much of their own legwork through volunteer efforts, but they can also find volunteers to donate time and skills to things like building and designing websites, creating logos for contact cards and stationary letterheads, and writing copy for websites, newsletters, and fliers.

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