February 8, 2018
Your organization supports its work through some combination of earned income, individual contributions, government contracts, and philanthropic support. In some cases, this is even a consistent ratio. The strongest case for diversified funding provides some specific percentages and comments on the stability of each funding stream.
Multi-year funding is a nonprofit holy grail. If you have it, be sure to tell your funders that at least a portion of your revenue is committed for multiple years!
Does your organization renew a significant proportion of its funding every year? If so, you will want to provide those stats.
“The organization has received renewed funding from 15 long-time organizational supporters for each of the last three years.”
If you’ve already established that your organization has strong planning processes in the Leadership section of the grant, then mentioning that a particular program or initiative is included in the annual or strategic plan is an indicator of sustainability.
“Doubling the number of children served through our program is a key goal in our 2012-2016 strategic plan and therefore a focus of our fundraising.”
For those organizations who rely heavily on institutional fundraising or individual giving (i.e. they do not have government contracts or earned income streams), it is important to emphasize their capacity for fundraising. This is particularly important for organizations proposing a programmatic expansion or another change that will increase the fundraising burden.
With organizations who are working with Elevate, we emphasize that they have dedicated development staff that research and apply to new funding sources. If your organization has had a lot of success identifying new funding, provide that information; for example, development staff have successfully applied to 10 new funders in the last year.