- Utilization of a database that keeps all program participant and volunteer information fully integrated is highly beneficial but also expensive. Consider finding a separate entity to fund this component or disperse costs across all organization departments that can benefit from its use.
- When reaching out to future funders, be aware of what they will fund and be sure your program meets those requirements. If possible, schedule a meeting with a representative from the funding organization and discuss your program with them. This may determine if it meets their requirements and if you should apply.
- Consider offering assistance using a ‘Pay What You Can’ model to encourage participation. This allows participants the opportunity to have a personal investment in the program without excluding individuals with a minimum payment requirement. Some participants are reluctant to participate in free programs, feeling as if they should pay for the assistance provided to them. This model gives them the opportunity to decide the dollar value of their assistance.
- Knowledge sharing between nonprofit organizations can be a revenue generating opportunity. If you have developed a presentation or training that is highly valued by other organizations, you can charge a fee to present it. These additional funds should at minimum offset the cost of travel and your time to develop and present the program in person or explore virtual presentation options.
- Evaluate if your organization or one of your partner organizations can use support from AmeriCorps programs such as RSVP (Retired Senior Volunteer Program) or the Senior Companion Program.
- Philanthropy and private donations should be a major source of revenue. Clients and volunteers can be program donors, board members, advisory committee members and local community leaders.
- Collecting volunteer outputs such as monthly hours of volunteer service can be very useful data when demonstrating community impact for other grant applications. Be diligent and consistent with data collection to ensure your records are accurate and reflective of your overall program.
- Build connections and partnerships with state agencies and managed care organizations that can potentially provide funding for your programs. Research to determine if your organization and program are eligible for Title III funding.
- Donations from community members is a way to engage them without the commitment of time and active volunteering. Donations could be monetary or for specific supplies to keep your program operating. Examples might include pet food, greeting cards, etc. You may choose to include this option in your marketing materials.
Leave A Comment