Such innovations as mission-driven enterprises, social impact bonds and social value franchising have proven to be helpful ways to address social problems while satisfying the needs of investors.
Public awareness is key to any cause. People can’t donate or take action if they are not aware of a situation and making them aware can present a huge challenge.
Before digging into the first proposal, grantseekers should think carefully about whether they’re ready to go for the grant. According to Holly Thompson, contributing editor for the Grantsmanship Center in Los Angeles, a good start is to outline clear answers to these questions:
Medical technology can track what your donors think about legacy giving. A conversation about planned giving makes prospects look back on their lives, think about their legacy and it’s all trackable.
Although mission is an integral element of the nonprofit sector, a new concept has arisen, known as mission-driven, which means organizations or drives are relying on “earned” income rather than the more traditional sources.
Tight financial times can cause nonprofits to try to squeeze as much value out of volunteers as possible. Getting a lot of bang for the non-buck is not the only reason to be creative in assigning volunteers their duties.
Even the most meticulously planned enterprise can require adjustment at some time or another, from minor tweaking to a major overhaul. Such was the case with the Center for Sustainable Rural Livelihoods (CSRL) program, a public-private partnership meant to address the root causes of rural poverty in Uganda.
Everyone has walked into a room and forgotten why you went in there. It helps to write things down, sometimes even the simple things.
The word “franchise” is likely to conjure up an image of one fast food restaurant after another popping up along a highway, but for-profit food service is not the only activity benefiting from franchising.
Nonprofit initiatives that either benefit or involve people can find themselves having to adapt as the needs or numbers of participants change over time.
Current Print Edition
August 1, 2015Table Of Contents
Vol. 29 No. 9
In The News