Ten Nonprofit Funding Models
In the nonprofit world, your focus is solidly on your mission. As a result, discussion about money can often be reactionary, leaving you at a disadvantage when it comes to establishing sustainable funding to support important programs and services. A more effective strategy for achieving a sound financial position is to take a page from the for-profit world and embrace the idea of funding models as a tool to support the health of your organization.
By finding your organization’s funding model, you can more easily engage in important discussions, clearly define goals and priorities, and better strategize for the future. In this article, you will find ten of the most common nonprofit funding models that you can use to enhance your agency’s financial operations.