How Do Non-Profit Entrepreneurs Fund Their Ventures?
Funding is one of the most significant challenges for non-profit organizations. Unlike for-profit ventures, NPOs cannot rely on revenue models that depend on selling goods or services for a profit. Instead, they often rely on:
- Donations: Contributions from individuals and corporations. - Grants: Funding from government agencies and private foundations. - Fundraising Events: Activities designed to raise money and awareness. - Membership Fees: Charges for belonging to the organization. - Social Enterprises: Revenue-generating activities that align with the mission.