Developing Innovative Strategies To Diversify Funding & Revenue Sources (Coffee Break Case Study)

Many non-profit organizations are highly dependent on traditional funding sources, such as federal/state grants, Medicaid/Medicare, and donations, to support nearly 80%-90% of operational budgets. As the shifts in funding are experienced across the industry in terms of value-based services, low reimbursement, and changes in long-term donors, it is important for organizations to implement a strategy for fund development. In developing new strategies that support innovative funding sources, organizations can 'get off the merry-go-round' of relying on traditional funding sources and can move to a sustainable funding model with increased value. In this . . .