Sustainable Funding

What different sources of funding can you think of?

Stable: A diverse mix of funding sources Suitable: Appropriate for the organisation Sufficient: Costs are understood and covered

Donor Funder Purchaser Consumer ASKINGEARNING Gift Economy Grant Funding Structured Market Open Market

…an octopus organisation …or a train

Individual donors

1. Identify 2. Research 3. Donor Motivation 5. Engagement 6. Ask 7. Thank 4. Plan 8. Stewardship

»Logo Your Organisation Staff FantasyVols Suppliers Board Donors Patrons

Social Recognition Mutual Benefit AffinityPhilanthropy

Priority Grid –Prioritising prospects

Commissioning

What is commissioning

Identifies Need for service Informs Voluntary sector organisation Public body Fund Service delivered by voluntary sector organisation Grants Public body Identifies Need for service Put contract to tender Voluntary sector organisation Bid Service delivered by voluntary sector organisation Contracts

Central government The NHS and local Primary Care Trusts Local Authorities The UK Police and Fire Services Universities and colleges

Trading and Social Enterprise

What is social enterprise

Key points Social enterprise is a new word for something that has existed for hundreds of years There is no legal definition of a social enterprise

Through what they produce How they produce goods or services Through how they use their profits

Why do it?

Examples

Merging mission and money Requires (grant) funding Makes money On mission Off mission Proceed with caution! Situation for majority of organisations Prime target Stay out!!

WRC Development Team Women’s Resource Centre, Ground Floor East, Dallington Street, London EC1V 0BB