A fun and informative read on fundraising
Originally posted on DENISON Venture Philanthropy Club:
Many for-profit businesses make use of “business models”, which are shorthand for how companies earn profit and manage their business, sustain and improve, and well… just stay in business. Now, I certainly and emphatically am not one who thinks that non-profits should be more like businesses, and they couldn’t even if they wanted to. But when it comes to raising money, perhaps there is a thing or two non-profits could learn.
Forget about business models. …Enter “lending models”. These models help answer questions like: How much money do we, as a non-profit, need? Where do we get it? Why isn’t there more of it? How do we mangage, sustain, and improve? Luckily, William Landes Foster, Peter Kim, and Barbara Christiansen summarized some of their research in their article for the Standford Social Innovation Review: “Ten Non-Profit Funding Models”. There goal is not a one-size-fits-all approach, but rather to support non-profits think clearly about how to organize themselves.