Tips for Widening Your Funding Net

A diverse income stream might have about seven different sources of revenue, including grants, earned income and individual donors. That's what organizations should be shooting for, Adams said — a profile that has a lot of different income streams where no one has a dominant piece of the pie. But she said many organizations she's worked with go through this exercise and develop a chart that has only two or three sources, often with state or federal funding as a source.