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Building a Self-Financing Venture into Your Organization’s Fundraising Strategy

Building a Self-Financing Venture into Your Organization’s Fundraising Strategy

Generating new sources of revenues is the primary concern of nonprofit executives and boards, with 24% to 36% of nonprofits operating deficits (Nonprofit Finance Fund). If a self-financing venture is carefully developed with the right process and tools, it can allow a nonprofit not only to diversify its funding sources and reach financial revenue goals, but also to dramatically improve organizational capacity and strengthen its mission and impact outcomes.