Nonprofit resources
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Can someone please provide some assistance with this question. Its for an MBA course. It needs to be between 550 and 650 words. Financing Nonprofits: Putting Theory into Practice. How do you think the variety of resources available to nonprofits helps nonprofits? How you think the number of revenue sources challenges nonprofit executives? Please see the attached for further information to better assist me with this question it has some pertinent information. Thank you so much in advance for all your help. I really appreciate it.
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Solution Summary
Information on the use of resources by nonprofits, including challenges and the value of them.
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The ability of nonprofits to access funding is vital to their survival. Having people trained in finding and acquiring grants and other types of funding, including contracts is important for the success of the organization and its mission. For every dollar raised, the nonprofit gains confidence and reputation. The problem with the resources available is the types and requirements, and finding them. The resources often come with demands and a long list of deliverable. And the nonprofit might find the sheer number confusing.
Very few resources are general or offered for broad use. Most grants are offered by foundations and government agencies and these are specific to different groups or types of support. Access to grants is definitely helpful because it offers alternative avenues of funding for nonprofits, especially those that depend on donors or membership, but have low interest in a community.
Having alternative resources does create challenges for the organization. Finding, applying for, and getting grants ...
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