Denali Chamber Economic Development Proposal - Flipbook - Page 32
Potential sources of funding for 501(c)(3)
Foundations include:
1. Individual Donors: Individuals who support the
organization's mission and activities often make
tax-deductible donations. These donations can
be one-time gifts or recurring contributions.
2. Foundations: Many private and community
foundations provide grants to nonprofit
organizations. These foundations often have
specific areas of focus, so it's important to align
your organization's mission with their priorities.
3. Corporations: Some corporations have corporate
social
responsibility
(CSR)
programs
or
philanthropic initiatives. They may provide
grants, sponsorships, or in-kind donations to
nonprofits.
4. Government
Grants:
Depending
on
the
organization's mission and programs, it may be
eligible for government grants at the federal,
state, or local levels. Grant opportunities vary
widely and may be competitive.
5. Earned Income: Nonprofits can generate
revenue through program fees, ticket sales (if
applicable), merchandise sales, and other
earned income sources. This income can help
support the organization's activities.
6. Events and Fundraisers: Hosting fundraising
events, such as galas, auctions, or charity runs,
can be an effective way to raise funds.