Diversifying Funding Sources

Many donors urge NGOs to diversify their funding sources. Often it is seen that the chances of success for a proposal grow with the number of funding sources. The main reason donors want to see the diversified funding sources is to calculate the financial stability of a project and of an NGO. A stable, diversified funding base acts as a determining factor of many donors. ‘Diversifying funding’ is the mantra these days- but what does it actually mean and how can you diversify your funding sources?
TOPIC

Fundraising

PROGRAM

Accelerator

Co-working Space

Ecosystem

Incubator

Maker Space

Pre-Incubator

SECTOR
No sector specified
TYPE
Article
LANGUAGE

English

AUTHOR
proposalsforNGOs
UPLOADED

December 22, 2021

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