Thursday, July 9, 2009

20 Emergency Funding Ideas

We know we can always count on the professionals at Fieldstone Alliance in Minneapolis for great resources. Toward that end, consultants Tom Triplett and Alexis Cress developed the following list of 20 emergency funding ideas. These are revenue sources that can be accessed quickly—usually within 30 days. Not all of these sources are available to all nonprofits, and some of them carry great risk. Nonetheless, we hope you find the list useful and thought-provoking. They urge you to combine ideas for a comprehensive response. Funding sources like to know that they're not the only avenue you're pursuing.

For example, you may want to put together a quick-hit fundraising initiative with a re-pricing of your services.

The strategies are broken into five categories:

1) Cash Flow Management
2) Contributed Income
3) Earned Income
4) Debt Financing
5) Existing Assets

Read the entire article.

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