Diversify, Diversify, Diversify
Weathering the economic storms lies in nonprofits’ ability to find new funding sources.
“Fortunately, we were able to minimize the impact because some of our other funding sources — specifically, the city of Austin and a couple of corporate and family foundations — stepped in to fill the gaps,” she says.
“By diversifying our funding sources to all programs, we are able to better weather these changes,” she adds.
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