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Sustainable Funding

Sustainable Funding. CUTS. CONTRACTS. COMPETITION. What different sources of funding can you think of?. Stable: A diverse mix of funding sources Suitable: Appropriate for the organisation Sufficient: Costs are understood and covered. Gift Economy. Grant Funding.

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Sustainable Funding

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  1. Sustainable Funding

  2. CUTS CONTRACTS COMPETITION

  3. What different sources of funding can you think of?

  4. Stable: A diverse mix of funding sources Suitable: Appropriate for the organisation Sufficient: Costs are understood and covered

  5. Gift Economy Grant Funding Structured Market Open Market ASKING EARNING Donor Funder Purchaser Consumer

  6. Are you... …an octopus organisation …or a train

  7. Individual donors

  8. 1. Identify 5. Engagement 7. Thank 3. DonorMotivation 2. Research 6. Ask 8. Stewardship 4. Plan

  9. Logo Your Organisation Donors Staff Board Patrons Suppliers Fantasy Vols

  10. Social Recognition Mutual Benefit Affinity Philanthropy

  11. Priority Grid Prioritising prospects

  12. Commissioning

  13. What is commissioning

  14. Service delivered by voluntary sector organisation Fund Identifies Informs Voluntary sector organisation Need for service Public body Put contract to tender Identifies Service delivered by voluntary sector organisation Bid Voluntary sector organisation Public body Need for service Grants Contracts

  15. Central government The NHS and local Primary Care Trusts Local Authorities The UK Police and Fire Services Universities and colleges

  16. Trading and Social Enterprise

  17. What is social enterprise

  18. Key points Social enterprise is a new word for something that has existed for hundreds of years There is no legal definition of a social enterprise

  19. Through what they produce How they produce goods or services Through how they use their profits

  20. Why do it?

  21. Examples

  22. Merging mission and money On mission Situation for majority of organisations Prime target Makes money Requires (grant) funding Stay out!! Proceed with caution! Off mission

  23. THINK!!!

  24. WRC Development Team Women’s Resource Centre, Ground Floor East, 33-41 Dallington Street, London EC1V 0BB development@wrc.org.uk 0207 324 3031

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