Principles & Practices Citation:
VIII. A. Principle–Funding Essentials
No funding, no program. Funding is central to achieving the mission successfully.
- The board and staff are responsible for securing the funding needed to carry out the organization’s programs.
- A strategic plan must include a specific financial plan as to sources of funding, individuals designated to secure funding, timetable for funding, and review of funding status at every regular meeting of the board.
- Diversity in funding sources increases organizational financial stability. Most charitable organizations derive their funding from a combination of sources including private contributions, earned income and government.
Fundraising Fundamentals (2002), by James M. Greenfield.