Bank of Amercia Foundation wants to give unrestricted grant dollars

Ah, the green, green grass
of general operating dollars!

This is pretty refreshing -- Bank of America Foundation puts their emphasis on providing unrestricted grant dollars and they fund for general operating.  That doesn't come around too often, friends...so grab the link and get all the info.  Article courtesy The Chronicle of Philanthropy.

Link to article

Cheers!
DCR

Want to gain support from grant makers -- think program efficiency

Green equals growth and
sometimes you have to prune back.  Really.

I ran across this article in the Chronicle of Philanthropy and the title just jumped out at me.  Follow the link at the end of the article.

In today's tough economic times, private foundation' grant dollars are even more precious to nonprofits.  Doesn't it make sense your organization should to be current with private foundation thinking and expectation?  Of course it does. 

Grant makers, public and private, along with individual donors, want to know how their investment dollars make a difference -- sure.  The question is... how can you position your agency to utilize grant funding in the most efficient manner?  Does that mean partnering and collaboration with another nonprofit with a similar mission?  How about stepping up for an outside evaluation of your programs and specifically, their results?  Understanding your core mission and cutting the programs that aren't working = efficiency -- a good thing.

Demonstrating that your organization is progressive and understands the importance of every dollar and is willing to make necessary changes to offer the most for that buck is impressive to grant makers.

As a nonprofit consultant, one of the services I provide is that outside opinion/evaluation on programs, mission relevance, and efficiency. 

The Philanthropy' article has some good suggestions.  It is an easy read with some excellent tips to starting a new self-examination process. Worth the read!   Here is the article

Cheers,
DCR

Now this is different -- fellow nonprofit grantwriters -- an interesting read!

From the Nonprofit Quarterly
http://www.nonprofitquarterly.org/index.php?option=com_content&view=article&id=8501:a-strategic-nonprofit-reorganization-plan&catid=154:current-issue&Itemid=341

Foundation Center's Advisory Posts Giving Trends in 2011...Good read, folks.

As a savvy nonprofit -- you will want forward this article from the Foundation Center on to key staff and board members -- it is an interesting read.

Best wishes,
DCR

http://foundationcenter.org/gainknowledge/research/pdf/researchadvisory_economy_201011.pdfpdf

Nonprofits -- A Brilliant Resource -- Inside Philanthropy Blog

 Nonprofit Sector Knowledge = Survival

Nonprofits + Economy = A long harsh winter.  Or does it?

So many nonprofits have been hit by this seemingly unending harsh economy.  Reduced funding from state sources, foundations and donors comes at a time when the demand for service has risen substantially.  Now is the time for nonprofits to build capacity through knowledge of their own industry.  As a member of the nonprofit sector, ask yourself, how well do I understand the industry -- where it has been, what is happening now and where is it going?

How can management, board and staff be more informed? What are the emerging issues in the sector or best practices by your colleagues?  Is it time to merge or return to the basics?

I have an outstanding resource for you -- Inside Philanthropy -- a blog flown under the banner of the Philanthropy Journal.  Extremely well-written and timely, this blog offers both insightful articles and informative reports.  It is a must-read for today's savvy nonprofits.      http://philanthropyjournal.blogspot.com/

Happy and informative reading,
DCR

How are nonprofits funded?

The green, green grass of funding...

Nonprofits, just like their for-profit partners, require funds to continue operations.  

How do nonprofits raise money to fund their operations?  If they are competitive and progressive in the nonprofit sector, they have a variety of funding resources that are evaluated and prioritized annually.

Resources

Individuals
According to the June, 2009 news release from the Giving USA Foundation, charitable giving in the United States exceeded $300 billion for the second year in a row in 2008. Donations to charitable causes in the United States reached an estimated $307.65 billion in 2008, a 2 percent drop in current dollars over 2007.  The 2008 number is the first decline in giving in current dollars since 1987.

Federal, State and Local Governments - typically through grant applications in the areas of social services and healthcare

Public and Private Foundations - grant applications

Community/Family Foundations - relationships and grant applications
 
Corporations - relationships and grant applications

Federated Funds - i.e. United Way - grant applications

Special Events - donor support through dinners, walks, auctions, etc.

Annual Fund - annual (or more frequent) appeal to community members

Membership Campaign - annual appeal to community members

Capital Campaign - usually a multi-year campaign to raise funds for capital projects or a specific project/event

Faith Community - individual or group donor support through funds or in-kind investment

Product/Services Revenue - sales of services, items, products

Planned Giving - often a large donation at the time of death or an immediate large gift

Endowment Income - funds that produce interest that is used to support the organization

Each resource has its advantages and disadvantages to the organization in terms of cost effectiveness, record keeping, accessability, risk, process, guidelines, requirements for board involvement , mission focus and requirements for donor investment. 

To be successful, a nonprofit must be positioned accurately, particularly for the fundraising effort.  The organization will benefit by knowing its own strengths and weaknesses.