Monday, July 20, 2009
Funding Environment
What are funders looking for? That is the question on everyone's mind. During a couple recent conversations I've had with cultural organizations, I am starting to hear a different approach. There is a sense and realization that organizations have to change they way they do business. Waiting for the economy to turn around isn't of consideration any more, nor are funders available to fill the funding gaps and deficits. Instead, these nonprofits are looking at a funding mix (like any other nonprofit), but more importantly, focusing on how much money they generate through services, fees, and other activities. They are looking at what they do well, and how they can capitalize and make money. Are you having this conversation? What offers your organization the best chance of generating unrestricted dollars? This is where you need to be looking as we look to the future, especially as you consider starting your own entrepreneurial venture. Remember, share your ideas or questions here.
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