How to Find Funding Sources for a Human Rights Foundation

There is the duality that people running a human rights foundation have to deal with. On one hand, their goal is to serve the community, and not to make money. While on the other hand, their foundation cannot do anything if they don’t have any money to cover its overhead costs. Taking this into account, nonprofit funding sources can be a good way to bridge this gap. 

Here is everything that one needs to know to find reliable and authentic nonprofit funding sources that will enable them to pay their overhead costs and get the resources they need to make valuable contributions to their community. 

Importance of Reliable Nonprofit Funding Sources

The average age of a person who donates in the United States is 64. These individuals usually make two contributions every year. Therefore, it can be said that some of the most personal donations tend to come from a little percentage of the total population. 

Given that, running a human rights foundation based only on personal contributions can lead to a situation where you will have unreliable income. This can further lead to making it difficult for you to accomplish tasks, plan events, and even pay the overhead costs that are associated with running the foundation. 

Importantly, if you are well acquainted with nonprofit funding, you will be enabled to plan ahead, grow further, and eventually attain all of your goals. Even some of the international NGOs also follow this strategy.  

How to Get Nonprofit Funding Sources 

Nonprofit organization loans or sources can be achieved from a wide array of sources. One great way to get funding for your organization is to stay organized. Here, you will have to keep track of the sources where the financial support has been coming from through the years. Then, you will have to put some kind of funding application deadline on the marketing calendar. This way, there will be no chance of you missing any important dates in the next coming year.  

Moreover, it is also a good idea to be familiar with the current strategies regarding nonprofit funding. This can be a good way to increase the chance of securing funding sources for your human rights foundation. In addition to that, nonprofit organizations that are able to accept online contributions and donations tend to have greater chances of securing a good amount of donations. On the other hand, nonprofit organizations that don’t accept any other form of donations or funding other than mailed and in-person donations are never able to get sufficient funds to run their operations. 

In addition to that, another efficient way to get funds for your human rights foundation is to advertise on various social media platforms. Notably, advertising on different social medial platforms increases the chances of your organization getting the recognition it needs, which will eventually give a growth spurt to the charitable contributions. 

Taking this into account, learning to use Twitter and Facebook would come in super handy. This will take only a few minutes of your everyday time but would be a total game-changer for securing reliable and authentic funding. 

The Best Funding Sources for Nonprofit Organizations 

It is significant to know that are various funding sources for human rights foundations. One of the most efficient ways for you to keep the funding reliable and authentic is to draw it from various different channels. 

Hence, this way, if one of the revenue sources does end up drying up, you will still have different other revenue sources that will help you pay bills and keep your foundation running strong and proficiently.

Here are a few of the nonprofit funding sources that you can consider drawing funds from. 

1. Government grants: Government grants are known to be one of the most reliable sources of funds for any nonprofit organization. Notably, you can get benefitted from different types of government grants including local, state, and national. However, it is important to note that in order to be eligible for government grants, you will have to prove the grant eligibility first. This can be done by making a compelling grant proposal. Moreover, government grants can be a great blessing to even the top international NGOs as they can offer substantial amounts of money without a hiccup. Some government grants are also good for several years. But for this, the nonprofit organization has to continue meeting all of the requirements regarding government grant eligibility. That way, the organization will be enabled to rely on this kind of income source while planning its yearly budget. 

2. Company donations: The number of companies that are always willing to contribute to nonprofit organizations is surely surprising. Notably, a lot of large businesses and companies are often on the lookout for different ways to show everyone that they care about the community. By telling their customers that they actively invest in nonprofit organizations and have a good position, these companies don’t need any other incentive to donate. You can carry out extensive research first and then approach the right individuals in a company or a business with a proposal for how they can contribute towards by donating their money. Indeed, this revenue source can be a great source to boost your income in significant ways. 

3. Fees for services or goods: Although this might not make a lot of sense to a lot of nonprofit organizations out there, many - which also include social clubs and museums – do cover some part of their costs by charging the individuals that are benefitted from their service little fees, either for any food or any item they buy while there or the service itself. Significantly, this funding source tends to offer a steady source of income since nonprofit organizations can sometimes use trends from previous years to make predictions about the number of individuals who will be coming through their door on any given day. In addition to that, nonprofit organizations can also boost their income from this revenue income by having an online store on the website of the organization.