This Danish foundation gives away $1.3 billion annually – and their secret isn't efficiency ratios, it's something far more radical: They implement nothing. Behind this Danish foundation's rapid rise is Ozempic – the blockbuster diabetes and weight-loss drug that's generated unprecedented profits for Novo Nordisk. The Novo Nordisk Foundation, which owns about a quarter of the pharmaceutical giant, has become one of the world's wealthiest charitable foundations with assets around $167 billion. Yet rather than hiring armies of staff like other major philanthropies, they've gone the opposite direction. In a recent interview, their Chief Scientific Officer for Health Flemming Konradsen revealed their secret to me: They don't implement – they only work through partners. Zero programs. Zero direct service delivery. The model: ➡️ Find what already works ➡️ Partner with governments who own the strategy ➡️ Create sustainable markets, not dependency ➡️ Stay for 15+ years, not 3-year cycles Example: Their school feeding programs create permanent markets for local farmers while training health workers and scaling AI solutions across continents. The hard part? Saying no to putting your name on things. Letting partners get the credit. Trusting that influence matters more than control. For development professionals: This approach creates new opportunities. These ultra-efficient funders skip the usual suspects and source partners who can be trusted with strategy, not just execution. They're looking for implementers who think like owners. If you can demonstrate government relationships, long-term thinking, and the ability to build sustainable systems (not just deliver projects), you become invaluable to this new breed of funders. What could your organization accomplish if it stopped trying to do everything itself? Disclaimer: I’ve edited this post as it’s been flagged that Novo Nordisk Foundation has 250 employees. #Philanthropy #Partnership #Foundation 📷 Novo Nordisk Foundation
Fundraising
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AI needs to mature beyond just re-writing your social posts. Here's 7 charities using AI to deliver real impact and 3 ways you can get started in your non-profit ✨ Prostate Cancer UK has been using advanced AI and machine learning to analyse vast donor datasets 💷 - Over 1.5 million supporters, 5.5 million transactions, and 15 million campaign activities. The AI identified optimal donor segments for their Christmas appeal, resulting in more than double the return on investment compared to previous appeals. Parkinson's UK deployed AI-powered social listening and comparative linguistics to monitor and respond to rapidly changing concerns during the pandemic 👂 - By analysing forums, helplines, and social media in real time, the charity could adapt its support and communications week-by-week, ensuring it met the constantly evolving needs of its community. Rainforest Connection (RFCx) uses advanced AI and machine learning to protect rainforests through real-time acoustic monitoring 🐸 - Their Guardian Platform analyses audio data from solar-powered devices placed in forests. The AI detects sounds like chainsaws or trucks, which indicate illegal logging or poaching, and instantly alerts local rangers. This enables rapid intervention and helps preserve biodiversity in threatened ecosystems. The Children's Society collaborated with Microsoft to develop an AI solution that helps overcome language and trust barriers for young migrants and refugees 🌏 - The AI interprets sensitive stories without the need for third-party human interpreters, protecting privacy and improving the quality of support for highly vulnerable groups. Church Mission Society adopted charity accounting software with advanced automation features, saving over 200 hours per month and about £50,000 per year 🧮 - The software automates reporting, data entry, and financial management, allowing staff to focus on higher-value tasks while improving the accuracy & speed of audits and compliance Combat Stress, a UK charity supporting veterans’ mental health, is piloting AI tools to analySe data from therapy sessions and support interactions 📊 - The goal is to identify at-risk veterans and tailor interventions accordingly. Danish Refugee Council / Dansk Flygtningehjælp leverages AI and machine learning with their Foresight tool to forecast forced displacement events, such as those in Afghanistan, Myanmar, and West Africa 🗺️ - By analysing open data from sources like the UNHCR, the UN Refugee Agency and The World Bank, the AI predicts displacement trends years in advance. This allows DRC and the wider humanitarian sector to enhance strategic planning, operational preparedness, and timely crisis response for vulnerable populations Three ways to get started: 1. Identify Use Cases and Start Small 2. Upskill Staff and Build Digital Confidence 3. Develop Governance and Responsible AI Policies What advice or resources would you give charities starting to experiment with AI❓
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If you're a founder trying to fundraise right now, it probably feels like the entire venture world has gone quiet. The response times are slow, OOOs are on and it’s easy to feel like you’re losing momentum. Don't stress. The summer slowdown is predictable, and it's not a setback, it's a gift of time if you use it well. I see this every year... The founders who scramble to send frantic emails in July/August are the same ones who struggle in the fall with an over-shopped deal and the fatigue of an endless fundraise. But the founders who use this quiet period for deep, focused preparation are the ones who run a crisp, successful process after Labor Day. The fundraising race is won in the prep lap. Here are a few things you can do right now to prep for a big fundraising push this fall: 1. Build a High-Fidelity Investor Pipeline. Go beyond a simple list of names. Create a comprehensive document that tracks every firm and partner, their specific thesis, your history with them (if any), your connections to them and crucially, the feedback they've given you in the past. This turns your outreach into a strategic campaign. 2. Assemble a "Push-Button" Data Room. Don't wait for an investor to ask. Build your data room now so it's ready to go at a moment's notice. This includes your customer contracts, cohort analyses, deck, references and financial model. A well-organized data room signals professionalism and creates momentum. 3. Craft a "Juicy" Forwardable Blurb. The best introductions are easy to forward. Write a tight, compelling, one-paragraph teaser. It must include a unique insight on the market, why your team is going to win and any key metrics. This makes it effortless for people like me to advocate on your behalf. 4. Pressure-Test Your Narrative. Use this time to pitch trusted advisors, mentors, and other founders. This isn't about memorizing a script, it's about finding the weak spots in your story. Ask them to be ruthless. The tough questions you answer now in a friendly setting will save you in a rapid fire partner meeting later. 5. Get Your "Diligence" in Order. This is the one everyone forgets. Talk to your lawyer now. Make sure your corporate governance is tight and your cap table is accurate (and clean). Uncovering a messy problems during late-stage diligence can kill a deal. Solving it now is a massive de-risking event. 6. "Warm Up" Your References. Your best customers are your most powerful asset. Don't wait until an investor asks for a reference call to talk to them. Re-engage with your top 3-5 champions now. Check in, share your progress, and get them excited about your vision. A reference who is prepped and genuinely enthusiastic is infinitely more impactful. The fall fundraising season will be here before you know it. The work you do in the quiet of August will determine the success you have in the chaos of the fall. We are prepping for our next fundraise as well so this is how I'm spending my time💥
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People sometimes see Acumen raising large amounts of commercial capital and assume we no longer need philanthropy. No sooner had we announced $250M for our Hardest-to-Reach fund — to bring off-grid light and electricity to 70 million people across 17 of Africa’s most challenging markets — than some concluded Acumen must be set. In fact, the opposite is true. First, let me acknowledge how tough this fundraising environment is. I couldn’t be prouder of the team and partners who made our Hardest-to-Reach announcement possible after 2.5 years of relentless effort. And yet it’s worth underscoring: none of this would have been possible without philanthropy. Philanthropy is the first mover. It allows us to place early bets in fragile markets like Malawi and Benin, cover the development costs needed to structure and raise investment across the capital spectrum and provide the technical assistance that builds capacity. To put a finer point on it: of the nearly $250M raised for Hardest-to-Reach, more than $80M is philanthropic. That risk-taking anchor made it possible to prove new models — and ultimately unlock institutional investment. During Climate Week last month, I met philanthropists who see this as the time to pivot from grantmaking toward impact investing. While I understand the instinct, I want to offer a reframing: it’s not either/or. If you want your capital to have lasting impact, there may be no better use than catalytic philanthropy — especially when deployed through blended finance models like Hardest-to-Reach. Philanthropy cannot see itself at the margins. It is catalytic capital — risk-taking, patient, and unabashedly impact-first — creating the conditions for commercial capital to follow. And it's more important now than ever as traditional aid shrinks and many governments shift from grants to investment approaches. At Acumen, philanthropy from donors at all levels remains our bedrock. It enables us to reach the hardest-to-reach, build inclusive markets where none exist, and keep social impact at the center of everything we do. And because solving problems of poverty is Acumen’s mission, raising philanthropic capital will remain essential to our work.
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Most CEOs get a 20-page financial package every month. They skim it. They nod. They move on. Not because they don't care. Because they don't know which 6 numbers deserve their attention. You don't need an MBA to read your numbers. You just need to know where to look. ➡️ Get my guide on How to Read Your Numbers and start making smarter decisions today: https://lnkd.in/e4T6-6-5 Here's the reality: Your accountant sends you reports. Your CFO presents slides. But you still don't know if you're winning or losing. That's not a knowledge problem. It's a clarity problem. You need six metrics. Review them monthly. Takes 15 minutes. Let's break it down. 1️⃣ Revenue Trend ↳ Don't just look at the number, look at the pattern ↳ Seasonal businesses should compare to last year, same month ↳ Three flat or declining months in a row means your growth engine stalled 2️⃣ Gross Profit % ↳ This tells you if your pricing strategy is working ↳ If it drops 2-3%, you're either discounting too much or costs are rising faster than prices ↳ Track this by product line to find where margins are bleeding 3️⃣ Operating Expenses % ↳ Most CEOs let expenses creep up as revenue grows ↳ Best-in-class companies keep this ratio flat or declining as they scale ↳ If yours is climbing, you're adding cost faster than value 4️⃣ Bank Balance Trend ↳ Compare it to your revenue trend, they should move together ↳ If revenue climbs but cash drops, you're funding growth inefficiently ↳ If both are dropping, you're in a cash burn spiral (and running out of time to fix it) 5️⃣ Accounts Receivable Aging ↳ Anything over 60 days old should trigger a phone call ↳ Anything over 90 days old is a collection problem, not a payment delay ↳ If 90+ days represents more than 10% of total AR, tighten terms now 6️⃣ Cash Flow ↳ If Cash from Operations is negative, the business didn’t fund itself ↳ If profit is up but operating cash is down, cash is stuck in AR or inventory ↳ If cash improved because you raised/borrowed, the business got funded, not healthier Finance isn't complicated. But ignoring it is expensive. Start tracking these six metrics. You'll spot problems months before they become crises. Then take it to the next level: drive performance, plan cash flows, and engineer value. Get the cheat sheet free: https://lnkd.in/e4T6-6-5 ♻️ Helpful? Repost, Comment, Like. Thank you! Follow Oana Labes, MBA, CPA for strategic insights on financial leadership. —— Want to become a financially intelligent leader? The next cohort of The CEO Financial Intelligence Program kicks off Feb 11. Join leaders from 20+ countries who already transformed with this 5* rated 6-week experience. Learn more and enrol here: https://lnkd.in/gGvKYCPX
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My salary barely stays with me! Most of it goes away in rent, outings and other expenses. I have heard so many people mention this almost every week. In India, where incomes can be unpredictable, a budget isn’t just a good habit but a necessity. A simple budget helps you manage expenses smartly, save for the future and reduce financial stress. This is how you can do it right: → Your salary isn’t just what’s credited to your bank account. Factor in side hustles, bonuses, deductions (PF, taxes), and expenses before setting your budget. → The 50/30/20 Rule is a great starting point to manage your rent, groceries, utilities, dining out, savings and investments. If this feels unrealistic, tweak it. → Where does your money go? Most people underestimate small expenses. Use a simple Google Sheet or budget app to track spending, then cut what doesn’t add value. → The easiest way to save is to remove temptation and set up automatic transfers to Emergency Funds, SIPs & Investments and Savings (Home, Travel, Business) → Start with an emergency fund, clear high-interest debt (credit cards, personal loans) and invest in wealth-building assets (SIPs, PPF, NPS). Budgeting isn’t about restricting yourself but financial freedom. A well-managed budget lets you spend guilt-free on things you love while securing your future. What’s your best budgeting tip? #budgeting #moneymanagement
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Fundraising in India is a beautiful, brutal dance. After 15 years of knocking on doors, writing proposals, and building relationships in the charity space, I've learned that money follows trust, not just need. And trust is earned in whispers, not shouts. Most fundraisers think it's about the pitch. The perfect slide deck. The heart-wrenching story. The immaculate impact metrics. But that's just the costume you wear to the real party. The truth is messier. More human. More honest. First, nobody cares about your organization. They care about the problem you're solving. Stop talking about your NGO's journey and start talking about the journey of the people you serve. Your founder's story matters less than the story of the girl who can now read because of your work. Second, relationships outlast transactions. I've watched fundraisers chase cheques like they're chasing buses – desperate to catch the next one, forgetting that the real journey happens when you're walking together. The donor who gives you ₹10,000 today could give you ₹10 crores in a decade if you treat them like a partner, not an ATM. Third, most Indian donors don't want innovation. They want reliability. They've seen too many NGOs come and go, too many promises evaporate. They're tired of funding pilots that never take flight. Show them consistency before you show them creativity. Fourth, your finance team is your secret weapon. In a country where trust in institutions is fragile, your ability to account for every rupee isn't just good practice – it's your survival strategy. I've seen brilliant programs collapse because someone couldn't explain where the money went. Not because of corruption, but because of chaos. And finally, the hardest truth: fundraising isn't about money. It's about meaning. People don't give to causes; they give to become the person they want to be. The businessman who funds your education program isn't just building schools – he's rewriting his own story, becoming the hero his childhood self needed. I've sat across from millionaires and watched them cry when they talk about their mothers. I've seen corporate leaders who manage thousands of crores struggle to write a personal cheque for ₹5,000. I've witnessed wealthy donors argue over a ₹500 expense while approving ₹50 lakhs in the same meeting. Because money isn't rational. It's emotional. It's cultural. It's complicated. The fundraisers who thrive in India aren't the ones with the fanciest degrees or the most polished English. They're the ones who understand that in this country, giving is deeply personal, profoundly spiritual, and incredibly relational. So stop treating fundraising like a Western import that needs to be implemented. Start treating it like what it is – a conversation about values that's been happening on this soil for thousands of years. Because when you get it right, you're not just raising funds. You're raising hope.
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Here's how I would raise $5,000 a month, every month, if I were a small charity: No galas. No grants. No huge donor base required. Just a simple, repeatable system that actually works. 𝗦𝘁𝗲𝗽 𝟭: 𝗕𝘂𝗶𝗹𝗱 𝗮 𝗺𝗼𝗻𝘁𝗵𝗹𝘆 𝗴𝗶𝘃𝗶𝗻𝗴 𝗽𝗿𝗼𝗴𝗿𝗮𝗺 𝗳𝗶𝗿𝘀𝘁. 50 donors at $25/month = $1,250 in predictable revenue. That's your foundation. Name it something meaningful. Make joining feel like belonging to something bigger. 𝗦𝘁𝗲𝗽 𝟮: 𝗦𝗲𝗻𝗱 𝗼𝗻𝗲 𝗲𝗺𝗮𝗶𝗹 𝗽𝗲𝗿 𝘄𝗲𝗲𝗸. Yes, every week. Not a newsletter—an ask tied to a specific need or a story that connects them to your organization. Most small nonprofits under-ask and under communicate by a mile. Your donors WANT to help. Let them. 𝗦𝘁𝗲𝗽 𝟯: 𝗧𝗲𝘅𝘁 𝘆𝗼𝘂𝗿 𝘁𝗼𝗽 𝟱𝟬 𝗱𝗼𝗻𝗼𝗿𝘀 𝗼𝗻𝗰𝗲 𝗮 𝗺𝗼𝗻𝘁𝗵. A simple "thank you" or quick impact update. No ask. Just connection. These texts take 30 minutes and keep your best supporters feeling seen. 𝗦𝘁𝗲𝗽 𝟰: 𝗥𝘂𝗻 𝗼𝗻𝗲 𝗺𝗶𝗻𝗶-𝗰𝗮𝗺𝗽𝗮𝗶𝗴𝗻 𝗽𝗲𝗿 𝗾𝘂𝗮𝗿𝘁𝗲𝗿. A 3-day push with a clear goal and deadline. "Help us raise $2,000 by Friday to fund summer camp scholarships." Urgency + specificity = action. 𝗦𝘁𝗲𝗽 𝟱: 𝗔𝘀𝗸 𝗲𝘃𝗲𝗿𝘆 𝗻𝗲𝘄 𝗱𝗼𝗻𝗼𝗿 𝘁𝗼 𝗴𝗼 𝗺𝗼𝗻𝘁𝗵𝗹𝘆. Within 48 hours of their first gift. The conversion rate will surprise you. This isn't complicated. It's consistent. The charities hitting their goals month after month aren't doing anything fancy. They're just showing up in the inbox, telling great stories, and making it easy to give. What would you add to this list?
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In the past 6 weeks, 3 nonprofits asked me to be their "consultant". I said no because it didn't feel right to charge them when I knew I'd give them this same advice anyway: 1. Change your donation form default from one-time to recurring, today. One study across 600,000 potential donors found that optimizing default frequency increased recurring conversions by 27%. Other research suggests the effect is higher. Recurring donors stay 8 years on average vs 1.7 years for one-time donors. That's roughly 2x donor lifetime value and better cash flow predictability. 2. Corporations don't want to fund you. They want to protect their reputation. With rare exceptions (Patagonia, Ben & Jerry's), corporate foundations fund established nonprofits with track records and existing institutional backing. They're not looking for the best cause -- they're looking for the safest bet, which is why: 3) If you're not bragging, you're losing. Every big check from an institution has two benefits: a) cash and b) legitimacy If you're not posting on social media, "Thank you X corporation/foundation for this $Y dollars grant to do Z", you're capturing half the value of their gift. Our top users all do this because: a) the grantor loves the publicity and is more likely to give again b) it reduces perceived risk for new funders 4) The "untrackable" stuff has the highest ROI. Your 990. Your annual report and Instagram. Your website. Your ED's LinkedIn. Funders review all of it before they ever read your proposal. I met with the head of a corporate foundation last week and this exactly what she told me. You can't measure it in a CRM, but it's influencing every large funding decision behind the scenes. The best example of this is that: 5) DAFs are a $326B blind spot. Donor-advised funds now hold more than $326 billion -- and they're growing 28% each year. But I spoke with a DAF director -- they're opaque. No application. No clear contact. No public priorities. As active fundraising gets harder, your passive public presence matters more than ever. 6) Having 9 revenue streams isn't diversified. It's over-extended. For example, a community kitchen with catering, cooking classes, food pantry, delivered meals, banquets, school trips, merchandise, and grants. That's not a strategy, that's bad bookkeeping. You haven't calculated ROI on each stream, and you're subsidizing losers with winners, and burning out your team in the process. Real diversification = 2-3 streams you're excellent at. Not 9 you're barely holding together. Until next time, Ben
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Donors don’t remember what you asked for. They remember how you made them feel. No donor remembers your budget line. They remember the moment they felt seen. Last year, I worked with a mid-sized charity struggling with donor retention. Their appeals were beautiful — but donors weren’t coming back. When we looked closer, it wasn’t the messaging that was broken. It was the feeling. Or more accurately, the lack of feeling. Every email spoke at their donors. None spoke to them. So we rewrote their follow-ups. We started with: “You made this possible.” We ended with: “How did this story make you feel?” Within six months, repeat giving rose by 38%. Fundraising isn’t persuasion!!! It’s connection!!! Donors don’t remember the amount you asked for — they remember the moment you helped them feel part of something bigger than themselves. Before you send your next appeal, pause and ask: → “Where’s the feeling in this message?” → “Would I be moved to respond?” If the answer is no, start again. This is the philosophy that drives all my work: Fundraising is meaning, not money. AI, data, and strategy matter — but they should amplify empathy, not replace it. If you’re rethinking your donor strategy for 2026, start with how you make people feel. That’s where loyalty — and legacy — begin