Time to Help the Community? 4 Ways to Secure Funding for Your New Nonprofit

Law Blog

Starting a nonprofit organization is a great way to help the community. However, it's not always easy to get the funding you need to get your nonprofit off the ground—or to keep it afloat once it is up and running. Unfortunately, lack of funding can put a lot of beneficial nonprofits out of business before there's an opportunity to do any good. Here are four steps you can take to get the funding you need for your nonprofit.

Find Sponsors

If you're looking for funding for your nonprofit, it's time to start looking for community sponsors. Make contact with local businesses within your community that can help provide you with the goods and services you need. Local sponsors can provide an influx of cash so that you can purchase the supplies you need. They can even provide you with services that will benefit your nonprofit, such as printed T-shirts or business cards for advertising purposes. Developing a network of community sponsors will benefit you, the businesses you're networking with, and the people you're trying to serve.

Apply for Grants

When it comes to securing funds for your nonprofit, don't forget to apply for grants. There are a wide variety of grants that are available to help nonprofits get off the ground. If you're going to be applying for grants, it's best to work with an attorney with experience in nonprofit organizations. Applying for nonprofit grants is not an easy task. It can be quite time-consuming and confusing. An attorney can help you cut through the confusion and streamline the process.

Request Corporate Gifts

If you're looking for a constant flow of funds for your nonprofit, start requesting corporate gifts. Large corporations often provide donations for nonprofits as a way to obtain tax breaks and credits. One benefit of working with corporations is that they have a larger network for you to pull resources from.

Conduct Fundraising Drives

Once you've obtained funding from grants, gifts, and sponsors, you'll need to get started on the fundraising drives. A well-planned fundraising event can bring in immediate cash for your nonprofit. It can also provide a path for repeat fundraising abilities, such as annual events that will bring in members of the community.

If you're starting a nonprofit, don't let your lack of funds stop you from reaching your goals. Use the tips provided here to obtain funding for your nonprofit organization.

For more information about starting a nonprofit, contact businesses like Legal For Good PLLC.


10 January 2019

Every Business Owner Needs to Be Well-versed in Law

While I took a few business classes in college, I left early to start my own business. I thought I had the knowledge I needed to become a great business owner and was eager to start my business. Soon, I had a new business that was actually performing pretty well in sales. Unfortunately, I hadn't taken any law courses in college, and I soon realized I made a few mistakes when starting my business that could cause me some legal trouble. Thankfully, a great business lawyer helped me correct my mistakes before I had any legal problems, but I then decided to take those business law courses. I want to help business owners and anyone else who would like to learn more about the law by starting a blog where I will share what I have learned and will continue to learn. I hope I can help you!