Principles & Practices Citation: 

VIII. A. Principle–Funding Essentials

No funding, no program. Funding is central to achieving the mission successfully.

Practices

  1. The board and staff are responsible for securing the funding needed to carry out the organization’s programs.
  2. 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.
  3. 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.