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Learn the top ten nonprofit funding models and strategies to secure robust and predictable financial support. Discover key insights for navigating funding challenges and maximizing resources efficiently. Explore effective approaches to diversifying funding sources for long-term organizational sustainability.
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Ten Nonprofit Funding Models October 6, 2009
Paradox . . . so much time, so little money 091609-SSIR.Foster
Our fundraising strategy used to be ‘let’s raise more money this year than last’ and we were always unsure where we’d be. Then we got serious in thinking about our model and identified an ongoing type of government funding that was a good match for our work: While it required some program changes to work, we now predictably cover 70% of our costs in any locality through this approach. - Earl Martin Phalen, co-founder of BELL 091609-SSIR.Foster
Why it’s so hard achieve. . . • Our inclinations • Conventional wisdom • Tough economic times 091609-SSIR.Foster
For nonprofits . . . funding is a its own strategic question For profit sector Nonprofit sector(generally) Customer(Payor=beneficiary) Beneficiary Payor Product or service Product or service $ $ ? ? Company Organization 091609-SSIR.Foster
What we know . . . • Realism is important • At scale . . . robust funding is generally concentrated in one source • Natural matches will dictate a few paths • Organizational capabilities are required 091609-SSIR.Foster
Top ten nonprofit funding models (1 of 2) Source: Foster, W., Kim, P., Christiansen, B. (Spring 2009). “Ten Nonprofit Funding Models;” Stanford Social Innovation Review, pp. 32 – 39. 091609-SSIR.Foster
Top ten nonprofit funding models (2 of 2) Source: Foster, W., Kim, P., Christiansen, B. (Spring 2009). “Ten Nonprofit Funding Models;” Stanford Social Innovation Review, pp. 32 – 39. 091609-SSIR.Foster
Funding-related articles in SSIR Spring 2007 Fall 2008 Spring 2009 091609-SSIR.Foster Note: Artwork courtesy of the Stanford Social Innovation Review