Friday, 2 September 2011

Non Profit Funding Sources: How Do They Get Their Money

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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.

Another place as to where they get the funds to do what all they do is with partnerships. There are some companies that benefit from their services. They do business together. The non profit does the work of helping the individuals and the business that is thriving donates money to keep it going so they still get the business.

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.

As you can see, many are well off because others pitch in to help. If it were not for the government with grants and tax write offs they would be sunk. This is how they make it so they can keep doing what it is they are doing.

Looking to find the definitive source of information on non profit funding sources?

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Source: http://canarymagazine.net/finances/non-profit-funding-sources-how-do-they-get-their-money/

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