{"id":685,"date":"2011-08-24T17:17:12","date_gmt":"2011-08-24T17:17:12","guid":{"rendered":"http:\/\/www.artstrategies.org\/leadership_tools\/readinglist\/?p=685"},"modified":"2011-08-24T17:17:12","modified_gmt":"2011-08-24T17:17:12","slug":"finding-your-funding-model","status":"publish","type":"post","link":"https:\/\/www.artsjournal.com\/fieldnotes\/2011\/08\/finding-your-funding-model\/","title":{"rendered":"Finding Your Funding Model"},"content":{"rendered":"<p>In a follow up to their 2009 article &#8216;<a title=\"Ten Nonprofit Funding Models\" href=\"http:\/\/www.ssireview.org\/articles\/entry\/ten_nonprofit_funding_models\/\">Ten Nonprofit Funding Models<\/a>,&#8217; Peter Kim, Gail Perreault and William Foster of the Bridgespan Group argue organizations often have a clearer vision of what their programs  will be in five years than of the funding that will support them. They offer a road map for leaders seeking to develop appropriate funding models for their organizations:<\/p>\n<p style=\"text-align: left;\"><em>Getting a deep understanding of one\u2019s own fundraising approach<\/em> <em>and history, learning from peers, tallying the likely costs of change<\/em> <em>and weighing them against expected benefits\u2014are three critical <\/em><em>steps on the road to a funding model. And when the time comes <\/em><em>to pilot and implement the one or two most promising funding <\/em><em>models, a well-developed plan is essential.<\/em><\/p>\n<p style=\"text-align: left;\">And they remind why a critical but oft-overlooked aspect of strategy is knowing what to say &#8216;no&#8217; to:<\/p>\n<p style=\"text-align: left;\"><em>Moving forward with more than two [models] carries a high risk of overtaxing management and development staff. Then why not just settle on a single funding model right now?<\/em><br \/>\n<em>The issue is uncertainty. At this stage, it may still be difficult for a nonprofit to know which model will work best, and there could be benefits in trying out the two most promising options to see which has the best prospects.<\/em><\/p>\n<p>The authors offer two disclaimers in the form of size and a necessary precondition: organizations must be &#8216;free of immediate financial distress and [able to] focus on developing a long-term funding strategy&#8217; as well as over $3 million in annual revenue. Below this level, the more &#8216;idiosyncratic&#8217; approaches that predominate are likely to be as productive, therefore not justifying the significant investment inherent in their process.<\/p>\n<p><a href=\"http:\/\/www.ssireview.org\/articles\/entry\/finding_your_funding_model\/\">Finding Your Funding Model<\/a> (SSIR article)<\/p>\n<p><a href=\"http:\/\/www.bridgespan.org\/findingyourfundingmodel.aspx\">Finding Your Funding Model: A Practical Approach to Nonprofit Sustainability<\/a> (Bridgespan website with tool)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a follow up to their 2009 article &#8216;Ten Nonprofit Funding Models,&#8217; Peter Kim, Gail Perreault and William Foster of the Bridgespan Group argue organizations often have a clearer vision of what their programs will be in five years than of the funding that will support them. They offer a road map for leaders seeking [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[136],"tags":[141,299,99,371,124],"coauthors":[34],"class_list":{"0":"post-685","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-reading-list","7":"tag-business-model","8":"tag-development","9":"tag-funding","10":"tag-nonprofit-finance","11":"tag-strategy","12":"entry"},"_links":{"self":[{"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/posts\/685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/comments?post=685"}],"version-history":[{"count":0,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/posts\/685\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/media?parent=685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/categories?post=685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/tags?post=685"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.artsjournal.com\/fieldnotes\/wp-json\/wp\/v2\/coauthors?post=685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}