How Can We Be More Supportive of Nonprofit Financial Sustainability?

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How Can We Be More Supportive of Nonprofit Financial Sustainability?

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Grantmakers can take a number of steps to ensure that the support we provide to grantees, and the policies and procedures connected to that support, enables nonprofits to effectively fulfill their missions. The goal, as described by Clara Miller, formerly of Nonprofit Finance Fund, should be to “create an enterprise that can reliably attract revenue and deliver quality program over the long term.”By listening to grantees, hearing from them directly about the types of support they need and understanding each nonprofit’s unique financial picture, grantmakers can provide support that is both impactful and contextual. Additionally, grantmakers can support effective nonprofits by streamlining application processes, partnering with other funders to pool resources and exploring a full range of financial models.