Does your nonprofit have diverse revenue streams?

Take a look at this smorgasbord of fresh food, then ask yourself: what do you have in the hopper?

If your organization is relying too heavily on limited sources of revenue, you  might need to invest some energy in cultivating additional funding streams to build long-term resiliency and program sustainability.

Some examples include:

=> Schools heavily reliant on tuition

=> Musical venues, art groups, theaters, and museums leaning too much on ticket sales

=> Athletic and children's organizations focused too much on one or two sponsors or big events

=> Active foundations with programs primarily spending down endowment income

What can you do as a first step?

It depends on your mission and who surrounds you right now.

a. Identify, cultivate, steward, and acknowledge individual donors, as a first step

OR

b. Do the same with foundations and corporations for a set period of time

OR

c. Launch or relaunch a planned giving program

OR

d. Explore new program revenue options

OR

e. Do all the above and then some. Each situation is unique – the important thing is to plan and be proactive about setting up additional streams of support, so you’re not blindsided by the sudden loss of program revenue.  You want to maintain your positive impact on the communities you serve.

Feel free to reach out.  I am always happy to help with these questions.