Generating income is more than fundraising. It is about making your organisation sustainable by establishing a range of funding (diversifying your sources of income), so that you are not dependent on one source.
Your income generation plan must ensure that:
- you are raising sufficient levels of income to enable you to deliver your organisation’s purpose; it must cover all costs incurred
- you have taken into account any restrictions imposed by funders on how your organisation can apply the funds received
- you have a sufficiently diverse source of income to avoid the high level of risk associated with depending on one source.
This course will introduce you to the concept of sustainable funding and demonstrate how it can work for your organisation. You will learn about the main sources of income and their characteristics, and improve your knowledge of trends in the voluntary sector economy – and what that means for your organisation. You will also gain the skills to implement a more sustainable approach to funding in your work.