Exploring Sustainability Models – Donor-Driven Funding
CCI hosts a 2-part webinar on project sustainability planning.
Business Consultant, MaryKate Scott, highlights 3 types of sustainability plans: donor / grant funded, organization funded and self-funded programs, and shares examples and tools related to donor-related funding.
WHO SHOULD WATCH THIS WEBINAR?
Program participants and/or members of nonprofit organizations who are interested in exploring other forms of sustainability plans for their organization.
OUR BIG TAKEAWAYS:
- There are three main revenue sources: 1) donor-funded 2) direct funding 3) organizational funding.
- When looking for funders, think tangentially and consider other fields that may be relevant to your cause. Widening your donor search gives you access to different, “non-traditional” funders that you never considered, but who are interested in your cause because of its relation to the donors’ interests.
- Don’t think you need to tailor your actual project to a given funder. It’s more likely that you’ll need to only tweak the evaluation and metrics, which is why it’s important to start talking with new funders early!
- Foundation Center has a useful tool for searching and filtering donors.
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