Is "diversified funding" worth the cost?
08:47, 7 October 2010
.. Posted in Communication, Outreach and General Mngmt0 trackbacks
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You have heard the frequently-stated idea that every nonprofit or NGO needs to diversify its revenue sources, and the more diversified a nonprofit's funding sources are, the better.
I've stated it. And I do mostly believe it.
But there are, indeed, exceptions to everything, including to this rule. And a blog by Clara Miller at the Chronicle of Philanthropy talks about why it's not always the rule, and in a very hilarious way. It's something nonprofit managers, board members and all funders should read!
And the blog also reminds me of why I subscribe to the Chronicle's free online materials (wish I could afford to subscribe to the full version!), and encourage others to do so. Go to the Chronicle's web site and create an account. Then go to the newsletter subscription page and click on "Subscribe for Philanthropy Today." It will keep you informed of about what is really happening in the nonprofit world. Even if you are outside North America, you should most definitely subscribe. It's well written, it's accurate, it's provoking, and I make a point to read it within 24 hours after it arrives in my in-box!
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