For non profits, funding will always be a crucial area impacting the success of the organization. Where will the money come from? How can we raise what we need to fulfill our mission? A main goal for any non profit is to continuously try and reinvent the answer to this question. Sometimes, something new is needed. Other times, an old standard will do nicely. Regardless, funding remains a key concern for non profits.
So, what are some different ways non profits can raise money? Non profit funding can come from a variety of sources.
Grants are available from private and public sources; foundations – whether founded specifically for one non profit, a certain cause, or to serve a variety of causes and organizations – provide funds, and of course, fundraising still plays a major role in meeting a non profit’s funding goal.
Some common non profit funding initiatives are annual fund drives, direct mailings, endowments funds, individual giving, membership dues, and sponsorships. Other funding ideas are:
- Board Contributions
- Capital Campaigns
- Cause-Related Marketing
- Corporate Campaigns
- E-Commerce
- Employee Giving
- Income Investments
- Gifts In-Kind
- Major Gifts
- Matching Gifts
- Planned Giving
- Product Sales
- Proposal Writing
- Social Entrepreneurship
- Special Events
- Ticket Sales
- Tuition Fees
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