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🟡 Traditionally we have been doing well with grant fundraising and have several multiyear grants and unrestricted funding arrangements as well
Fairly developed: There are a variety of funding arrangements and multiple distinctive grant partnerships.
Reflection:
- Is it prudent for a charity like ours to develop multiple channels of fundraising? Why or why not so?
- In case of any rapid geo-political shifts, will we face high funding risks given our current funding portfolio? How do we mitigate such risks?
- Others -
Action:
- Conduct a proper audit of current fundraising practice and financing need vis-Ã -vis your organisational mission.
- Others -
Notes for Development:
- There are a variety of funding arrangements and multiple distinctive grant partnerships.
- While there is a lack of diversity in fundraising practice, it does not impede strategic fund development. Highly advanced grant fundraising operation create multi-year partnerships consistently and also raise adequate amount of operational expenses.
- Consider reforming fundraising practices, to explore if it could lead to deeper linkage (of fundraising activities) with core values.