Budget limitations are commonplace in nonprofit organizations and charities. After all, a good portion of a nonprofit’s operating budget may be restricted due to limitations of grant and government funding, economic situations, and even factors such as natural disasters. There is an unlimited number of influences that can impact your bottom line. But, tight budgets don’t have to limit your strategic planning and implementation. You just have to be creative.
– Hold fundraisers such as bake sales and donation drives to draw attention to your needs and raise awareness
– Ask local businesses to sponsor a program or initiative
– Meet and organize alongside similar nonprofit organizations with similar missions. If possible, work together to share marketing and fundraising materials
By mobilizing locally, you’re giving your community means for engagement in the resource development process. The added support isn’t just padding your nonprofit’s budget, it’s also creating a strong bond between supporters and your cause.
Research and Write Grants
Nonprofit grants are a great way to extend your budget. But, require additional resources like significant time and effort to accurately research and apply for grants. Use grant databases featuring both private and public grant opportunities. If you don’t have a grant writer on staff, consider hiring a freelance grant writer. To fund the position, ask major donors to step in with sponsorships or large gifts.
One of the easiest ways to bring in allowable income over the course of a year is by focusing on recurring giving campaigns (also called monthly giving). Unlike traditional fundraising campaigns, when a donor gives one large gift, recurring giving involves donors giving a smaller gift on a monthly basis throughout the year. This helps to maintain a steady stream of income over 12 months, while also keeping your nonprofit at the top of your donor’s mind. To promote a recurring giving program, offer the option to give a monthly gift to your website’s donation page. Likewise, make monthly giving the primary option for donors when they first arrive in your website or social media profiles.
Host an Online Fundraiser
Above Goal is the only capital campaign software created by experienced capital campaign consultants that is designed to help your campaign succeed. Above Goal is a simple software that allows you to seamlessly manage the details of the campaign such as your table of gifts, relevant statistics, key prospects, and your campaign committee’s tasks, meetings, and follow-ups.