What are the Best Sources of Non-Profit Funding?

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  • Written By: Tess C. Taylor
  • Edited By: W. Everett
  • Last Modified Date: 30 May 2020
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Non-profit organizations, which provide social services and other help to communities, can only operate with the financial support provided by a variety of sources including private citizens, wealthy benefactors, businesses, fundraising events, tax programs, and government grants. There are a variety of non-profit funding sources available by using local resources, technology, and social media channels.

Non-profit funding can come from many places, including donations made by private citizens, businesses, and wealthy benefactors who believe in certain causes and want to give of their finances to support them. Each year, billions of dollars come from private citizens who give just a few dollars to support charitable causes that help improve conditions for others. These donations can be given during fundraising drives, during tax time, at annual donation events, and when someone dies and leaves his estate to a specific organization.

Many charitable organizations use websites and social media to gather non-profit funding. With so many consumers spending a great deal of time on the Internet, it makes sense to educate and inform people about the activities that non-profit organizations do by sharing this information online. During fundraising events and donation drives, Internet-based tools like social media can get in front of more people to bring in more money that can be used to fund programs.

In addition to using the Internet to bring in more donations, charities can tap into the resources provided by tax exemptions to help pay for expenses and create more programs. Because non-profit organizations can become tax exempt, more of their non-profit funding can be used to pay for important community-enhancing programs and developments. Donations made to the charity are also tax exempt, providing more incentive for consumers and businesses to share their wealth.

A great deal of non-profit funding comes from government grants. Much of this money comes from tax programs and special government-granted accounts, which are set aside to pay for important causes that benefit the public. Non-profits must submit written requests for government grants and often wait months to obtain them, but these funds can be substantial enough to keep charities afloat for periods of time when private donations are scarce.

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