There are 2 parts to this, one page for each. Please cite references in text.
While many corporations fund nonprofit organizations through corporate foundations, many do not have a separate foundation. Understanding how to cultivate, educate, and solicit leadership from these corporations is very important and a bit different from obtaining funding from a corporate foundation.
Imagine you have been hired as a fundraising consultant to a local nonprofit organization dedicated to improving community health. This local nonprofit organization is not familiar with corporate fundraising. You have been tasked to make a presentation to the board of directors explaining the process they might establish to raise this category of funds.
The part must be at least one page and include:
- An evaluation of strategies your nonprofit organization might use to solicit corporate funds from foundations, corporations, and government entities.
- Also identify at least two challenges associated with corporate fundraising.
Be sure to support your postings and responses with specific references to the Learning Resources and outside scholarly resources.
Foundations and Government Grants
Prior to soliciting foundations or government entities, it is important to learn as much as you can about each funding source. Foundations and government entities will have specific application guidelines and procedures. They should also have an annual report that lists prior grant award recipients and grant amounts. This information is critical to helping you formulate your cultivation strategy and grant proposal.
For the organization you described in Week 2 (NAMI), conduct research on possible government and foundation grants that you may be interested in soliciting funds.
This part must be at least 1 page and include:
- A brief description of two possible foundation sources or government grants (or a combination of these).
- Next explain the challenges associated with obtaining government or foundation grants.
- Finally explain what actions you can take to improve your application to a foundation or government organization.
Browning, B. A. (2014). Grant Writing for Dummies (5th Edition). Somerset, NJ, USA:John Wiley & Sons, Incorporated.
Chapter 4 and 5
NAMI. (n.d.). Home: Nami: National Alliance on Mental Illness. NAMI. Retrieved June 20, 2022, from https://www.nami.org/Home
Sargeant, A., & Jay, E. (2014). Fundraising Management: Analysis, planning, and practice (3rd ed.). New York, NY: Routledge.
Chapter 12 and 13
Williams, K. A. (2013). Leading the fundraising charge: The role of the nonprofit executive [ebrary version]. AFP/Wiley fund development series. Somerset, NJ: Wiley.
Researching a foundation before making a funding application is vital. Doing this allows a nonprofit to learn more about the foundation, such as its mission and objectives, donor history, and nature of donations it offers to nonprofits (Browning, 2014). This information will allow a nonprofit to fine-tune its application and appeal more to a foundation. Including budget proposals demonstrating how a nonprofit intends to use funds from a foundation to support its cause will go a long way in convincing a foundation to fund its operations (Browning, 2014).