Note from bmpconsulting: This post was originally published on DH Leonard Consulting on May 8, 2017. Reposted with permission.
In Diversify Your Nonprofit’s Revenue back in April, I laid out why your nonprofit should have diverse forms of revenue. Diversifying your nonprofit’s revenue will make your organization more sustainable and ultimately more competitive for grant funding.
Now, let’s talk about diversifying your program’s revenue specifically. When reviewing your grant application, grant makers will ask, “Is the project/program solely dependent on grant funding and specifically our funding?” Your grant application will be more competitive if you can answer no to both of those questions. The sustainability section and the budget for the program are great places to outline all the revenue for the program. Most grant makers do not want to be the sole funder for a project/program.
Continue reading at DH Leonard Consulting . . .
