Funding Sources for Non Profit Organizations, and the Pros and Cons of each
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Transcript of Funding Sources for Non Profit Organizations, and the Pros and Cons of each
Pros and Cons of
Typical Funding Sources for Non
Profit Organizations
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Corporations
Pros Philanthropic and Sponsorship
Opportunities Volunteers can help engage
their workplaces
Cons Can be hard to approach if you
don’t have personal contacts Funding priorities may be
limited to the areas where the corporation has a presence
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Earned Income
Pros You can influence how
much you raise Innovation can equal
income
Cons Must market and sell to
be successful Depending on “product”
economy can have an effect
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Federated Funds
Pros Clear process Your organization can
influence how much you raise (though campaign presentations)
Cons Organization must be well
established Highly regulated and very
lengthy process Time consuming to maintain Competition from similar
organizations
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Foundations (private)
Pros Often a source of large gifts Possibility of multi year grants One large grant can give a non
profit its start Guidelines, format and application
process is clear
Cons Foundations can switch giving focus Turn-around time of application and
receipt of grant can be lengthy Funding priorities may be limited to
specific geographic location
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Grants (government)
Pros Large source of funds Clear guidelines and
process
Cons Application procedures
may be long and tedious Highly regulated Federal appropriations
shift Political influence could
be needed
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Individuals
Pros Fastest growing source of funding Ongoing source that can grow over
time Small gifts from many individuals can
add up On line giving makes it easier to reach
more people
Cons Not easy to start a program Requires diligence and perseverance Must invest for success Individual donor campaign can be
unsuccessful if you are not using donor management software
It takes time to build a good list Economy can effect giving