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Strategies for Maintaining Financial Sustainability

Strategies for Maintaining Financial Sustainability. Strategies for financial sustainability:. Market organization Share positions and resources Become a line item Apply for grants Tap personnel resources Solicit in-kind support Fundraisers Third-party funding Fee-for-service

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Strategies for Maintaining Financial Sustainability

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  1. Strategies for Maintaining Financial Sustainability

  2. Strategies for financial sustainability: • Market organization • Share positions and resources • Become a line item • Apply for grants • Tap personnel resources • Solicit in-kind support • Fundraisers • Third-party funding • Fee-for-service • Public funding • Endowments • Membership fees and dues • Make a business plan

  3. Marketing involves: • Image-building • Friend-raising • Membership development • Community relations • Political activities • Citizen education • Fund-raising

  4. Personnel resources examples: • Time-share positions • Volunteers • Internships • College work-study positions • Staff-on-loan • In-kind donations of time

  5. Advantages of membership fees and dues: • Simple • Tests commitment to the group • Increases the organization's self reliance

  6. Choosing amongstrategies: • Decide who will make the decisions • Have mission, vision, and objectives in mind • Brainstorm • Gather input • Choose strategy or strategies

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