Ten Nonprofit Funding Models
In the non-profit world, the talk of funding is ever present. Since their methods of operation are different from the for-profit world, raising money to fund programs necessitates a dedicated method to bring in money. This often leads to several creative operating and funding models. However often the models developed do not adequately answer questions of long-term stability, or financial viability. What works for one non-profit does not necessarily work for another.
In their article for the Standford Social Innovation Review, “Ten Non-Profit Funding Models,” authors William Landes Foster, Peter Kim and Barbera Christiansen identify 10 non-profit funding models commonly used in the U.S. Through the article they highlight how non-profits can identify different sources of funding, and build partnerships. They also discuss the associated limitations and benefits of each model.
Read the entire article here.
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