Create a reasonable budget
As this year is coming to a close, nonprofits may be viewing their finances for the past year. It is important to utilize this information as a benchmark to create a budget for the upcoming year of 2021. It is essential to create a reasonable budget so that you can make informed decisions on what you can accomplish with your funds.
Develop strong fundraising goals
Once you create a budget, you need to view how much revenue you may need to generate through fundraising. It’s best to have a plan on how to accomplish this goal. YouHelp.com is a fundraising site that allows you to schedule appointments with crowdfunding coaches that can guide you in reaching this goal.
Diversify your funding sources
Not all revenue is generated through crowdfunding, and there are many options that you can utilize to gain funding. These opportunities may include, corporate sponsors, government contracts, foundation grants, fee for service, or earned income.
Create a list of grants to apply for
Begin researching grants for the upcoming year, as It is important to have a plan of what grants you can apply for the following year. GrantWatch is a grants database that can allow you to research grants for your nonprofit. There is a feature that can be utilized called ‘My Grant Calendar’, in which you can add grants that you would like to apply for in the future. You may then modify the dates to notify you when to look back at them – so that you can keep track of the grants.
Hire a Grant Writer
Hiring a grant writer at the beginning of the year can aid your nonprofit to find the proper funding options and map out a plan for the application of grants for the upcoming year. With their expertise, they can research the best grants to apply for. Further, they can write the grants for you. They may also have you create a program to apply for a specific grant.
You may hire a grant writer for your nonprofit on GrantWriterTeam that can prepare a contract with you for the following year.