How do nonprofits receive funds?
Traditionally, the majority of Nonprofit funds are generated from grants Some grant funding sources are; Federal, State, County, City and from Private foundations like Kaiser, Chevron, Target, Blue Cross, Blue Shield, Kohl’s and more
Another Traditional fund development source is fundraising; car washes, annual events like; concerts, luncheons, walks and more
New ways to raise funds, creative out of the box ways, are through website sales and donations and Donor Cultivation
But Let’s Not Forget Donors, Individual contributors/Investors who believe in your vision and mission and act as ambassadors and become annual annual donors
Nonprofits can also have Trust funds and Endowment funds set up to keep on giving - By investing Trust funds and Endowment funds and gaining interest earned dollars - Those interest dollars can be placed in fund reserves, more importantly, the interest earned dollars are not restricted and can be used in any way needed to support the Nonprofit's mission
Definition of a Charitable remainder Trust fund Nolo publication link:
Definition of Nonprofit Endowment Funds:
"A fund that is made up of gifts and bequests that are subject to a requirement that the principal be maintained intact and invested to create a source of income for an organization. Donors may set up an endowments to fund a specific interest; and a nonprofit's governing body may set up an endowment. In any case, an endowment requires that the principal remain intact in perpetuity, or for a defined period of time, or until sufficient assets have been accumulated to achieve a designated purpose"
Link From The Merrill Lynch Center for Philanthropy & Nonprofit Management
Here is My Monthly Nonprofit Podcast by Subscription ($9.95/month) with the exception of My Interviews with Nonprofit Organizations which are Free
To View Podcast Before Subscribing Press the Link Below!
Press Link to Subscribe Now!
60 second and 60 minute Education & Compliance Tidbits and Trainings to review at your leisure .... Updated Monthly