Under current economic conditions, Puerto Rico’s nonprofits must be able to measure the results of their efforts to justify their work effectively to their donors and society in general. To assist these entities in this process, the Banco Popular Foundation last week presented a “Collective look at indicators and successful strategies,” a reference guide for entities dedicated to education and economic development.
The guide was unveiled in the “Fostering Partnerships: Third meeting of nonprofit organizations” event, in which representatives of 88 organizations supported by the Banco Popular Foundation participated in workshops and exercises designed to foster sector partnerships.
“The Foundation asked Myrna Rivas and her staff to conduct an extensive review of research, reports, evaluations and databases internationally to analyze the characteristics and results of best practices within the issues we support, and this guide is the result of that work, together with the contribution that organizations made in the process,” said Popular Foundation Executive Director Beatriz Polhamus.
The message to nonprofits is that the better documented their results are, the better they will be better able to highlight their achievements and attract potential donors and collaborators, she said.
“But what’s important for that documentation process is to use tools that we know are effective. Right now in Puerto Rico, organizations such as the Banco Popular Foundation and others are demanding results, and they have to present them in a quick, effective and precise way,” Rivas concluded.