In this comprehensive episode, Andrea Kihlstedt and Chelsea Lamego dive deep into the critical aspects of managing and reporting on donor funds. Chelsea, co-founder and CEO of FundMiner, shares her expertise on overcoming the complexities of fund management, particularly in large institutions and small nonprofits alike.

The discussion highlights common challenges such as tracking funds, managing restricted gifts, and creating effective impact reports.

Chelsea provides practical advice on where responsibility for impact reporting should lie within an organization, emphasizing the importance of allocating resources wisely and engaging board members. The conversation also addresses the catch-22 of fundraising—how to ensure that the effort to raise funds translates into effective and transparent management that meets donor expectations.

Listeners will gain valuable insights into:

• Accountability: Ensuring transparency and delivering on promises made to donors.

• Impact Reporting: Moving beyond basic acknowledgments to provide meaningful updates on how donor contributions make a difference.

• Scaling Efforts: Starting with manageable reporting practices and evolving them as the organization grows.

Chelsea also shares her personal experiences and practical tips for making impact reporting a fundamental part of fundraising strategy. This episode is essential for anyone involved in development or financial management, offering actionable strategies to enhance donor relations and organizational success.