In fact, it probably will be an important part. Now, part of your plan might well be to raise some dollars. And allow it to continue thriving over the long term.Īlthough it might seem otherwise, a plan for financial sustainability is not just about getting money. So what do we mean by a plan for financial sustainability? Simply put, such a plan is a tool used to help the organization or initiative - and more importantly, its goals - thrive. What is a plan for financial sustainability? Finally, we'll close the section with some tips from the field from folks who have been doing this work for a long time.
HOW DOES LONG PATH TOOL WORK HOW TO
We'll discuss what it means, why do it, and how to do it. In this section, we'll look at the basics of planning for the financial sustainability of your organization. Let's do it, and worry about the money later." Later, unfortunately, ends up meaning headaches and frustration, and being in the red. Many groups will say, "This is really important. "If we need it, it will come," isn't a safe philosophy for members of community groups to live by. However, it's something that can't done well haphazardly. And with enough time and effort, it's a process that can be richly rewarding. It's not something that can only be understood by a chosen few. Sound familiar? Our question in this section is, how can this be avoided? Or, if this is the reality your group is faced with, how can it be changed?Įarning money - and as staff of nonprofit organizations, we do earn every grant dollar or other bit of funding we obtain - isn't a mystical process. This goes on for years for many nonprofit groups for others, the doors really do slam shut. Staff is underpaid, overworked, and burning out necessary programs are dropped or scaled back because there's no money and closing the organization's doors is a constant fear in the back of everyone's mind. There is so much change we want to see happen, but our finances are in such a sorry state that we're just trying to maintain what we've done so far. Sometimes, it seems like community work has a high price tag, and no one wants to foot the bill.
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