Nonprofits: Do You Know Your 7 Income Options?

To obtain funds, nonprofits have the following options.

  1. Find customers to buy your mission services and products.
  2. Create relationships with government entities to buy your mission services or products.
  3. Engage individuals to donate to you so that you can provide mission services or products on their behalf.
  4. Connect with foundations and others who grant funds so you can provide mission products or services on their behalf.
  5. Work with corporations to buy your services or products or donate to you so you can provide mission products or services on their behalf.
  6. Obtain customers to buy non-mission items.
  7. In lieu of cash, get in-kind donations of services or products from individuals, corporations, foundations or other entities.

That’s it.

To obtain income, pick the option or options to use.

 

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