Long-term unrestricted funding is crucial to impact at scale. But, funding and grantmaking are a two-way process. Without trust, very little can be accomplished.
When nonprofits have a trusting relationship with their donors and flexible funding, they can take risks, adapt to changing environments, and test and refine their solutions to achieve greater impact.
Our CEO Mohamed Osman and Managing Consultant Alice Metcalf joined Julia C. Patrick on The Nonprofit Show, a daily broadcast produced by the American Nonprofit Academy. In this episode, they discussed:
– The key mindsets funders need when supporting nonprofits to create transformative impact at scale.
– The importance of philanthropy as a crucial source for nonprofits at any stage of their scaling journey.
– The need to diversify funding sources to manage volatility.
– How organisations are embedding key aspects of their solutions into existing structures to reduce delivery costs.
“No organisation considers their model to be long-term sustainable. They have a funding model that works for now, but they know funding is volatile. Leaders are constantly navigating challenges. It’s all about being nimble and agile.”