If a non-profit organization wants to raise funds, this can be done in two ways. The first one is resorting to U.S. government grants. And as this is free money, they can spend it to any purposes without the need for repayment. The second option is soliciting donations through fund-raising campaigns.
You are fortunate if your business is non profit as there is grant money for non-profit clubs and organizations. Sources for funding are from the government, private institutions and international organizations. The grant money may be given in cash. Or this may be given in kind like equipment. The funding will support different projects that improve the community as a whole.
There are ways to find free government grants. A substantial amount of money to suit your nonprofit business may be attained by searching local government agencies and the Internet. These usually provide listings of all grant programs available for your needs. You just need to choose the most appropriate one. Grant programs come with complete information on how people can avail it.
Once you have chosen the right government grants, it is best to understand the criteria or standards of the program to prepare a viable proposal. It is important to know if your organization can comply with the requirements. Research provides you information on what to include in your proposal. You might even need suggestions or recommendations from a consultant for your budget. One good source for research is the public library. Check for samples of grant resources and work on these as your reference. You might want to create copies for your guide.
You will need to create a business proposal after you have done all these. Now that you know what to include, you need to write it as completely and as neatly as possible. This allows you to have a good presentation of your proposal addressed to the officials of the granting agency. And as you have a nice layout, the proposal might be given a priority. But try to meet their prerequisites of the program, so you can have good options for grant money for non-profit clubs and organizations.
Another way to raise money if U.S. government grants are not available is through fund-raising campaigns by your organization. You might need to plan a tournament, a fun run or auction of valuable items, which help you raise income. Just ensure though that the total earnings of this activity do not surpass the overall expenditures. There must be more earnings to meet the objectives. Also make it affordable to people so that they find interest and will want to support the campaign. The money you raise through this effort may not be as high compared to free government grants, but it is a sure hit that many people will patronize.
Grant money and fund-raising campaigns are good sources for funding used by non-profit organizations. There may still be more not mentioned in this article. One must know it is important to have funding to sustain the operations of the business to support the community.