Technology seems to be at the helm of almost every other activity globally. There have been some significant aspects of the modern world that the current innovations have influenced. Specifically, the giving industry seems to be undergoing some vast transformations. Some essential elements have been at the center of the philanthropic activities that the world has experienced in recent times. Here’s how technology is revolutionizing our giving methods.
The Timeline of Giving
Traditionally, people have associated giving to the older and retiring people in the community. They seem to be the only individuals with vast money to give. However, modern innovations seem to be allowing everyone in the industry. Today, anyone can contribute to philanthropic activities regardless of age and economic conditions. Everyone has the opportunity to derive satisfaction by giving whatever small they can afford.
Options for Anonymity
Over the years, giving has always been a public event. Individuals have been donating money in galas and other fundraising activities organized by the community members. However, not all people want to contribute in public. Some individuals want to give without any attention. The digital transformation is providing such options. People who want to share in private now have the opportunity to do so using digital methods.
The emergence of crowdfunding has been a game-changer in the giving industry. For an extended period, philanthropic activities were only restricted to a small area. People could only get donations from their friends, family members, and other people in the community. However, with crowdfunding, people can raise funds from every corner of the world. This innovation has been the driving force behind the growth of various community projects worldwide.
Besides providing some unique techniques of creating awareness and raising funds, digital technology has been at the center of building accountability. For example, it is not difficult to know whether a nonprofit organization is accountable. Online reviews can quickly highlight how an entity has been using the funds it has been soliciting from the members of the public and other givers.
As discussed above, it is clear that the technology sector is already revolutionizing the giving industry. For example, donors can send their donations via texts while maintaining their privacy. On the other hand, organizations can quickly raise funds through digital means and keep their community activities funded. Therefore, nonprofit companies should consider digital methods in raising funds and maintain their operations.