Do You Know Your 7 Income Options?
To obtain funds, nonprofits have the following options.
- Find customers to buy your mission services and products.
- Create relationships with government entities to buy your mission services or products.
- Engage individuals to donate to you so that you can provide mission services or products on their behalf.
- Connect with foundations and others who grant funds so you can provide mission products or services on their behalf.
- Work with corporations to buy your services or products or donate to you so you can provide mission products or services on their behalf.
- Obtain customers to buy non-mission items.
- 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.
