Diversify, Diversify, Diversify
Weathering the economic storms lies in nonprofits’ ability to find new funding sources.
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Your funding audit should be simple, using the best and most up-to-date information available. The key is in documenting and sharing pertinent details, such that you have a baseline to understand which funds are at risk, and at what levels. In general, funding audits should include:
● your current funding mix. For example: percent federal, state or other public funds; percent private foundation grants; percent fee for service; percent individual contributions; percent corporate funds; percent special events; percent other;
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Heather Burton
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