Sustainable Funding

Sustainable Funding

What different sources of funding can you think of?

Stable: A diverse mix of funding sources

Suitable: Appropriate for the organisation

Sufficient: Costs are understood and covered

Donor Funder Purchaser Consumer

ASKING EARNING

Gift Economy

Grant Funding

Structured Market

Open Market

…an octopus organisation

…or a train

Individual donors

1. Identify

2. Research

3. Donor Motivation

5. Engagement

6. Ask 7. Thank

4. Plan

8. Stewardship

» Logo

Your Organisation

Staff

Fantasy Vols

Suppliers

BoardDonors

Patrons

Social Recognition

Mutual Benefit Affinity Philanthropy

Priority Grid –Prioritising prospects

Commissioning

What is commissioning

Identifies Need for service

InformsVoluntary

sector organisation

Public body

Fund

Service delivered by

voluntary sector

organisation

Grants

Public body Identifies

Need for service

Put contract to tender

Voluntary sector

organisationBid

Service delivered by

voluntary sector

organisation

Contracts

Central government

The NHS and local Primary Care Trusts

Local Authorities

The UK Police and Fire Services

Universities and colleges

Trading and Social Enterprise

What is social enterprise

Key points

Social enterprise is a new word for something that has existed for hundreds of years

There is no legal definition of a social enterprise

Through what they produce

How they produce goods or services

Through how they use their profits

Why do it?

Examples

Merging mission and money

Requires (grant) funding

Makes money

On mission

Off mission

Proceed with caution!

Situation for majority of organisations

Prime target

Stay out!!

WRC Development TeamWomen’s Resource Centre,

Ground Floor East, 33-41 Dallington Street, London EC1V 0BB

development@wrc.org.uk0207 324 3031