Nonprofit Fundraising: Non-Profit Analysis
This week’s readings focused on nonprofit fundraising. According to the Study Guide for Financial Management for Nonprofit (2012), “fundraising is the process of soliciting and gathering voluntary contributions as money, grants or other resources, from individual business, charitable foundations, or governmental agencies”. This chapter advises on how to begin the process of grant seeking. It explains that most organizations fail to recognize that, “by the time you are actually writing the grant, approximately 70% of the work towards securing it should already be completed” (Heyman, 2011, p.326). In other words the organizations grant seeker should have all the necessary paper work and plan established before seeking the grant. This is necessary