This week, Forbes published the article “Six Leadership Trends That Are Impacting The Nonprofit World” where I, along with other members of the Forbes Nonprofit Council, give advice based on lessons learned. Enjoy!
5. Building Sustainable Revenue
Nonprofits need to think about how they can generate funds while still following their mission, so any product or service you offer must be in line with your brand. Include your board and employees in brainstorming what you’re good at and how you can monetize it. Build diverse funding streams including donors, grants, corporate grants and corporate revenue. This fosters true financial stability. – Pamela Hawley, UniversalGiving