Regardless of the organizations mission, values, programs, etc., what is the ONE common factor that is needed to execute an organization’s purpose?
As much as we dislike connecting our important work to the dollar, the simple fact is that without it, we cannot pay our staffs, purchase materials, and pay the electric bills…and thus provide our services.
So there we have it, we must have funds to fulfill our missions. However, unless you are the lucky few, earned income doesn’t even come close to covering your budget. So to take the statement even further; we must have CONTRIBUTED funds to fulfill our missions.
Now with the sequestration set to go into effect, the National Endowment for the Arts (NEA) budget will be cut by 5%, or $7.3 million, and grants will decrease. (But let's be honest, NEA funds have really just become a stamp of approval…and important stamp, that is…rather than actual difference-making funds).
Foundations are changing the focus of how and what they fund. And corporate philanthropy, while rebounding, will not cover the balance. So, lets take that earlier statement even deeper. We must have INDIVIDUAL contributed funds to fulfill our missions.
This can be a problem, though, because this all important aspect of nonprofit management is most likely the most uncomfortable aspect of nonprofit management. It is just human nature to avoid asking for money, even from people you know.Read More