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Find Money For Non Profit Organization
Funding is a very important aspect for a non-profit organization. Every year new techniques and methods are coming out so that a non-profit organization can find money. However, it is important never to forget the basic sources to find money for a non-profit organization as these sources will always come in good use. |
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Most non-profit organizations get their money from individuals, corporations, local and state governments, federated funds, corporate funding, and / or foundations.
It been proven that individuals are the largest source of money for non-profit organization. According to one statistics of 2005, individual funding was more that $199 billion in that particular year. Large corporations also love to give money to non-profit organization to get publicity and earn community respect. Many state and local governments will fund a project if it will benefit people living in those areas. While federated funds are a good source of getting large sums of money but these funds are available only to well established non-profit organizations. If a non-profit organization has special programs and new initiatives, corporate funding can be easily got. And finally foundations are a good source of grants and the sum can be quite large. Foundations can be private, corporate, community or family foundations.
In order to find money for a non-profit organization, one has to seek money from a variety of sources. These sources can either be ongoing funding or episodic funding.
Ongoing funding is through an annual fund and the fund can be used as the organization wishes to use it. Many non-profit organizations have their own stores, produce their own products or provide a service. These are also sources of ongoing funding. Many foundations give non-profit organization multi-year grants and these grants are always for a particular period of time but the money can only used for the project for which the grant is given.
Episodic funding is through foundations and corporate grants. It can also come from special events or a behest. These funds can be used either for a particular event or for anything that the non-profit organization sees fit.
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