PR Newswire
19 May 2023, 18:38 GMT+10
SINGAPORE, May 19, 2023 /PRNewswire/ -- Microsoft Corp. announced a suite of new AI solutions and improvements to Microsoft Cloud for Nonprofit that are designed to transform the nonprofit industry and how fundraisers engage with donors, manage campaigns and optimize operations. In addition, the company announced a limited private preview for nonprofits to experience a new AI-powered fundraising propensity model. Within the preview, participating nonprofits will be able to test new AI tools that give fundraisers the power to do predictive forecasting of fundraising goals with data modeling and identify donors most likely to donate to a campaign, cause or major gift.
"Simply put, AI can and will be a game-changer for nonprofits and fundraisers," said Justin Spelhaug, Vice President and Global Head, Tech for Social Impact at Microsoft. "With these new AI solutions, we aim to empower nonprofits and fundraisers to achieve more and to create a more positive and rewarding experience for donors."
In today's economic environment, nonprofits are consistently challenged to make budgets go further and do more with fewer resources. Since 2020, many fundraisers have seen an ongoing decline in the overall number of donors giving to causes. And although data can help nonprofits identify and prioritize the most promising prospects, predict donor behavior and measure fundraising outcomes, access to data and the ability to form actionable insights based on fundraising analytics is a major roadblock for many organizations. According to one study from the National Council of Nonprofits, barely 18% of nonprofits reported having all the data they need and using it in nearly every decision they make.
Microsoft Cloud for industries offers powerful, integrated and uniquely tailored industry solutions and workflows designed to allow organizations to realize breakthrough value and more easily achieve success, enabling them to unleash value quickly, build for the future and exceed expectations. And now, with AI as a copilot, Microsoft Cloud for Nonprofit is delivering new capabilities to help fundraisers leverage data in a powerful way to attract, retain and grow their donor base.
New tools include:
With these new tools, Microsoft is delivering a robust set of solutions for end-to-end fundraising - from fundraising strategy and planning, fundraising campaign execution and measurement, gift processing and reconciliation, all the way through to gift acknowledgement.
New fundraising modelling
In addition to the AI new capabilities in Microsoft Cloud for Nonprofit, Microsoft is developing an AI-based donor propensity model to help nonprofits identify constituents most likely to donate or engage with a campaign or cause based on predictive donor behavior. Interested nonprofits can sign up to participate in this private preview and participating nonprofits will help improve the model through contributions of anonymized data and testing. This solution is intended to be generally available later this year.
Microsoft Cloud for Nonprofit is tailored specifically for the nonprofit sector, designed to reduce the time nonprofit groups spend managing overhead and delivering automation and efficiency on common and critical workflows. These new AI solutions are designed to help nonprofits focus on mission-critical activities and are built on Microsoft's trusted cloud platform, Azure, which offers enhanced security, scalability and reliability. They are also integrated with Microsoft's existing solutions for nonprofits, such as Microsoft 365 - Outlook, SharePoint and Teams - as well as Power Platform, Microsoft Dynamics 365 and LinkedIn.
To learn more about them and sign up for updates, visit this link.
Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
Get a daily dose of Sydney Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sydney Sun.
More InformationNEW YORK, New York - The bulls had the upper hand again on Friday, pushing the major indices to new ...
LOS ANGELES, California: After adjusting its battery supply chain to qualify for federal credits and other tax breaks, Tesla's Model ...
NEW YORK CITY, New York: Before the start of its annual Worldwide Developers Conference this week, Apple shares hit a ...
FREMONT, California: Elon Musk's brain implant startup Neuralink, valued at some $2 billion during a private fundraising round two years ...
NEW YORK, New York - U.S. stocks moved higher Thursday as investors and traders took a break from their recent ...
LISBON, Portugal: Carsten Spohr, Chief Executive of Lufthansa, has said that as Portugal's government is still debating whether to sell ...
WASHINGTON D.C.: The Biden administration has announced that it is providing grants worth $570 million to eliminate many dangerous railroad ...
PARIS, France: According to a report by BFM TV, Britain's King Charles is considering a visit to France in September, ...
WASHINGTON D.C.: The Federal Aviation Administration has said that a drone sighting disrupted some flights at Pittsburgh International Airport this ...
PORTLAND, Oregon: A federal trial has begun in Portland, Oregon examining the constitutionality of a stringent gun control law approved ...
PHILADELPHIA, Pennsylvania: Philadelphia Mayor Jim Kenney and members of the city's historical commission have been sued by a group which ...
LANSING, Michigan: Michigan's Department of Natural Resources said by a wildfire in the state has burned through more than 3 ...