FAQs
What are some strategies for securing ongoing funding after the initial NGO grant period ends?
Some strategies for securing ongoing funding after the initial NGO grant period ends include diversifying funding sources, building relationships with donors and funders, demonstrating impact and success to attract new funding, and exploring alternative revenue streams such as social enterprise or partnerships.
How can NGOs diversify their funding sources?
NGOs can diversify their funding sources by seeking out multiple donors and funders, exploring government grants and contracts, engaging in individual and corporate fundraising efforts, and pursuing partnerships with other organizations or businesses.
What are some ways for NGOs to build relationships with donors and funders?
NGOs can build relationships with donors and funders by maintaining open communication, providing regular updates on their work and impact, and demonstrating transparency and accountability in their financial management and program implementation.
How can NGOs demonstrate impact and success to attract new funding?
NGOs can demonstrate impact and success by collecting and sharing data and stories that illustrate the positive outcomes of their programs, conducting evaluations and assessments to measure effectiveness, and aligning their work with the priorities and interests of potential funders.
What are some examples of alternative revenue streams for NGOs?
Some examples of alternative revenue streams for NGOs include social enterprise initiatives such as selling products or services to generate income, fee-for-service programs, and partnerships with businesses or government agencies to deliver services for a fee.
