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Sustainable Funding
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What different sources of funding can you think of?
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Stable: A diverse mix of funding sources Suitable: Appropriate for the organisation Sufficient: Costs are understood and covered
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Donor Funder Purchaser Consumer ASKINGEARNING Gift Economy Grant Funding Structured Market Open Market
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…an octopus organisation …or a train
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Individual donors
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1. Identify 2. Research 3. Donor Motivation 5. Engagement 6. Ask 7. Thank 4. Plan 8. Stewardship
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»Logo Your Organisation Staff FantasyVols Suppliers Board Donors Patrons
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Social Recognition Mutual Benefit AffinityPhilanthropy
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Priority Grid –Prioritising prospects
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Commissioning
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What is commissioning
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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
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Central government The NHS and local Primary Care Trusts Local Authorities The UK Police and Fire Services Universities and colleges
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Trading and Social Enterprise
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What is social enterprise
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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
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Through what they produce How they produce goods or services Through how they use their profits
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Why do it?
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Examples
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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!!
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WRC Development Team Women’s Resource Centre, Ground Floor East, 33-41 Dallington Street, London EC1V 0BB development@wrc.org.uk 0207 324 3031
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