This past year has radically shifted the way nonprofit organizations are run and funded, as economic hardship and social distancing protocols made it significantly more difficult for nonprofits to operate as normal. However, the promise of this new year has also presented new opportunities for sufficient funding practices.
Contrary to popular belief, funding for nonprofits goes far beyond just raising donations. Rather, there are a variety of ways that can help your nonprofit raise the money it needs to reach its fullest potential and achieve its goals to help the greater good in your community.
Finding the best funding options for your designated organization is essential to the success and outreach of your nonprofit, especially in our “new normal” of this post-pandemic year. Below, we’re sharing why nonprofits should seek funding in 2021.
Reduced Grant Restrictions
As a result of the COVID-19 pandemic, many foundations are loosening up their restrictions on grants. So there is no better time than now to take advantage of this opportunity for your nonprofit organization. Not only are restrictions being lifted, but foundations are increasingly interested in giving back to communities and raising awareness for social causes. This means that foundations in your area and beyond will be more willing and likely in the coming year to use their resources to support your organization’s efforts.
Foundations Are Getting Local
While many corporate foundations have been focused on solving global or national issues in the past, the pandemic has recentered the focus on local communities and smaller nonprofit groups in need of assistance. This transformation and desire to aid a more targeted area has made grant-giving a community-inspired process for corporations and philanthropists alike, so your own nonprofit organization can get the funding it needs to thrive.
A Rise in Sponsorships
As more and more businesses become interested in getting involved with social reform and community-led movements, there is an increased opportunity to receive nonprofit funding in the form of sponsorships. Unlike grants, which are simply donated to a nonprofit without expectation of something in return, sponsorships work as a partnership. Therefore, many companies will donate resources in return for recognition, whether that be in the form of public thanks in a social media post or a display of the company’s logo on your nonprofit’s signature T-shirt.
Overall, there are a variety of ways to secure adequate funding for your nonprofit so you can focus your energy on the purpose and goals of your organization rather than the backend logistics of struggling to find resources. At Better Benefits Consulting, for instance, we offer amazing benefits for your organization. All you have to do is apply online and meet the BBC requirements. If approved, we’ll write you a check for the amount of your organization’s monthly budget! Not only will we provide you the financial resources to assist your needs, but your nonprofit members will receive amazing discounted benefits as well. It’s a win-win!
Our goal is to provide the funds needed to keep the focus on your organization’s mission. If you’d like to learn more and apply, head to betterbenefitsconsultants.com/non-profits/ to get started!