Tips for Widening Your Funding Net

The job of the board chair, executive director or lead officer in any nonprofit is to create a steady and reliable source of funding for the organization. But the pressure of daily events can make this goal seem unattainable.

In the Network for Good webinar "Broadening Your Fundraising Net: Diversifying Your Fundraising Channels to Build a Financially Healthy Organization" in late April, Cindy Adams, president and CEO of GrantStation, discussed how organizations can diversify fundraising income streams to help become financially healthier. She looked at how and why organizations should assess their existing revenue streams, ways to boost the bottom line by building on what you already have, and best practices for developing a funding plan. She also recommended some practical assessment tools.