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Wednesday 31 August 2011

Non Profit Funding Sources: How Do They Get Their Money

By Lolita Jacobs


You might have used a not for profit organization when you were in need. It is said that people are always one step closer to needing help themselves. There is no shame in this. We however do feel that it is important you know about where the money comes from. Here is the primary non profit funding sources.

People know what these missions are. You will find that donations from donors such as families who are saying thank you have helped them to keep going. If it were not for these, many would have to close their doors. Even a one time donation does a world of good.

Grants are another way. Many of you do not know, but they have a number of grants out there for people. Normally, these companies have someone or a few people working for them that have experience in grant writing. This money normally comes from the government, but might also come from elsewhere.

Other times, some businesses might help them out. Sometimes, they have a link as to this business offers this and the non profit handles the legalities of offering assistance. Other times, it might just be that they see the need people have and want to ensure they can get the help. If the non profit goes away, then they are out of luck and more people are in need.

Last, a company has to help themselves when it comes to their resources and their needs. So, when money gets tight, they start fundraising. When you tell those out there in the community that it is going for charity, they are usually ready to give.

The government is also something that plays a key role in helping them. Often times, when they apply for the grants, the government is the one giving them. They have the means to keep going if they use all resources, but they also have to follow certain guidelines.




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