Quick Tips: Strategies for Financial Sustainability
Sustainability is the key to making sure your initiative has a lasting impact on the community over the long haul. There are no shortcuts, but the ideas that follow might help you get off to a solid start.
- Leverage shared positions and resources
- Become a line item in an existing budget
- Create a sustainability committee
- Collaborate with groups with similar missions
- Write a grant
- Tap into existing personnel resources
- Solicit donations and in-kind support
- Hold a fundraiser
- Pursue third party funding
- Develop a fee-for-services structure
- Acquire tax revenues
- Secure endowed funds/planned giving
- Establish membership fees or dues
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