Nonprofit News for mid January.
Acquisition of Network For Good, Backed By Provide Equity Firm, Rolls Up Numerous Nonprofit Technology Products
The same venture firm that brought EveryAction, Social Solutions and CyberGrants under one corporate roof has added Network For Good to its roster. The as yet unnamed umbrella firm is being funded by UK-based private equity group Apax Partners LLP. As reported by The Nonprofit Times, “terms of the deal were not disclosed but industry experts estimated the addition to be worth north of $300 million and a combined value in the neighborhood of $3 billion for the combined operations.” Network For Good operates both a tax exempt organization and a B Corps tech company that manages the CRM. Coupled with EveryAction’s recent acquisitions, EveryAction, Salsa Labs, GiveGab, Mobilize, Social Solutions, CyberGrants and other nonprofit tech platforms now are all backed by the same PE firm representing a consolidation of the space.
Pew Research Center Releases Top 2021 Findings
The Pew Research Center has released a cohesive roundup of top social trends and findings throughout 2021. Nonprofit organizations should stay on top of larger narrative shifts, national conversations, and a changing landscape when it comes to public engagement, particularly on social and political issues. Among these findings: 72% of Americans say they know someone who was hospitalized or died from Covid-19, voter turnout increased in every single state in 2020, and the number of religiously unaffiliated Americans has increased 10% from a decade ago.