Alternative Funding: The Unbeaten Path
7:59 PM
Secrets of the Music Industry
, Posted in
Alternative Funding
,
legislation
,
Non-Profit
,
0 Comments
Today I am taking a look at an alternative funding website. The site needs to answer three fundamental questions. One, what types of financing opportunities are described? Second, what are some of the requirements and qualifications to obtain the financing? Third, what other types of information are available on the site? Afterwards, I will summarize the most impressive feature found on the funding resource webpage discussed today.
The website describes many things for NON-PROFIT ORGNIZATIONS through something called Catalyst Initiative. Catalyst Initiative is a network of OTHER organizations that offer services through MicroEnterpriseWorks.org. The main funding source I found was through a Catalyst Initiative partner company called the Nonprofit Finance Fund. They offer help through loans to non-profit organizations.
The requirements to receive financing are found on another website that offers the loans, http://nonprofitfinancefund.org
a A 501(c)(3) organization or other entity that promotes the economic, social or cultural development of its community.
b. Been in existence for 3 years or more (some clients such as social enterprises have shorter operating histories)
c. Unrestricted annual operating revenue of at least $500,000
d. An application filled out and received at a local office where you are assigned a case manager to help you
It should be noted that NFF lenders evaluate smaller nonprofit and social enterprise organizations on a case-by-case basis.
MicroEnterpriseWorks.org is a great informational page for non-profits that need to stay in the know concerning new legislation, laws, and looking to expand networking opportunities. MicroEnterpriseWorks.org is tailored like a word press blog with many different articles focused on things that concern non-profits specifically. Furthermore, there are links to help entrepreneurs find mentors within the non-profit community. In addition, there is a big push on the site to better the community through “going green”.
Overall, this is a wonderful website for non-profit organizations looking to become more savvy in the legislative and legal side of fundraising. Loans are the main vehicle offered through partnership companies. Subsequently, there are great networking opportunities with other non-profit mentors to help you succeed.
0 Response to "Alternative Funding: The Unbeaten Path"
Post a Comment