THE FUTURE FUNDING SECTION
A well-conceived future funding section gives the funder a solid blueprint detailing how the nonprofit agency intends to raise money in order to continue operating its programs and meeting the needs of people in the community. A statement like the following is woefully inadequate: “In subsequent years, St. Joseph’s Hospital will fund the Healthy Heart Project from a variety of sources.” The future funding section must be much more specific.
What funding strategies can a nonprofit agency employ to secure its future and that of its programs? Here’s a list of popular and practical funding strategies:
• Fee for service. Consider whether it is appropriate for your nonprofit agency to charge clients a fee (either a flat ...
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