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This article emphasises the need for nonprofit organisation to consider innovative and creative ways of sustaining themselves beyond donor funding.
Nonprofit organisations (NPOs), who depend on public and private donations to fund their work, will need to be innovative and creative in order to survive in an increasingly challenging economic environment.
“With the decrease in international funding, lottery grants as rare as hens teeth and corporate donations stagnating or allocated to own projects, nonprofits need to look at diversified income streams,” says Ann Bown, who will be presenting a workshop on “Fundraising Trends in 2015 and beyond” at a Durban conference next month.
This sentiment is echoed by Kelvin Glen, chief executive officer of Methodist Homes and president elect of the Southern Africa Institute of Fundraising. Glen added that NPOs must be aware of how important it is do systematic research before submitting proposals to companies and to meticulously align programmes with corporate social investment (CSI) criteria.
Glen also warned that the sector must get to grips with the new Broad-Based Black Economic Empowerment (B-BBEE) score cards as this will be another wake-up call for nonprofits.
Prepared by: KwaZulu-Natal Committee and Sarah Scarth of the Southern Africa Institute of Fundraising.