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Funding Your Non-Profit

What is the major overriding issue facing all non-profits?  Fundraising!  How do you raise the needed funds to meet the stated objectives of your organization?

A few months ago, I attended an event sponsored by The Center for Non-Profit Advancement.

One of the several excellent presentations was “Diversifying Your Funding Sources”. The main argument was that non-profits depend upon only 1 or 2 sources for the majority of their income and that other sources should be identified or created.

Below is a list of potential sources that were discussed:

  • Individuals – Have you identified key individuals who can support the organization annually?
  • Local Businesses – What businesses benefit or could benefit from the services that your organization provides?
  • Government (Federal, State, County, City) – Have you built a relationship with key officials and let them know how you can help their constituents?
  • Foundation Support – Have you identified Foundations that provide grants to organizations like yours?
  • Memberships – Have you or can you offer a monthly or annual membership to create on-going revenue for your organization?
  • Products/Publishing – Can your organization create and offer books, tapes, CD’s, DVD’s, workshops or courses to raise funds?
  • Licensing Fees – Does your organization have or can it create a product or service that can be licensed to other organization in exchange for a recurring fee.
  • Fees for Service – Does your organization have or can it create a seminar or workshop that can be sold to other organizations?
  • Special Events – Does your organization have a Calendar of Special Events to invite the community to and to raise funds with?
  • Grant Writer Services – Do you have a access to a Grant Writer or a grant writer on staff who can research and write grant responses?
  • Partnerships – Are there partnerships that you can develop with other non-profits to respond to larger grants that may be available?

Hopefully this information helps you and your organization develop new funding sources.

If I can help you with any of these ideas, give me a call at 240-356-5050.  I’d love to talk with you.

Written by

James Fleming is an accountant and Certified Tax Coach with over 40 years experience working in and with small businesses. His company, Fleming Financial Solutions offers tax planning and preparation, bookkeeping, business and marketing consulting.