Fundraising and communications for UK & US non-profits: Trust Fundraising, Campaigns, Websites & more 🚀 | Life & Business Coach 🫱🏼🫲🏾
Funding core costs: how to keep the lights on 💡 For small charities, covering core costs like salaries, equipment, office rental, heating and electricity can be a constant battle. Annoyingly, many funders list core costs as one of their exclusions, preferring only to fund direct project activities - even though nothing would get done without your staff and databases! So how do you do it? Here are a few ideas. ❄️ Winter-proof your budget If you don’t already take this approach, why not consider splitting some of your core costs across the projects you deliver, for example adding 10-20% to cover overheads. Not all funders may be open to this approach but it is a good option to test out. 📝 Grants Although many funders don’t like funding core costs such as heating and bills, there are some that do. Investing some time in finding out which these are and submitting applications is a worthwhile long-term strategy. 📞 Keep in touch with your current funders At the time of the first round of Cost of Living support from the government to individuals, some funders (such as Comic Relief Groundwork) took the initiative to automatically top up their grants in recognition of inflation. If you have good relationships with your funders there might be scope to start a discussion about a top-up that reflects your current costs. 💷 Cost of Living funding During the winter, many funders, like local councils and the National Lottery, open additional pots of funding specifically for warm space activities and you can often include core costs in these bids. Getting to know your local Community Foundation is another great way of finding core costs and cost of living funding in your area. What would you add? Ps. For 5 more ideas, check out the Better Story blog.
Jo J.
7mo
🙌
Fundraising and communications for UK & US non-profits: Trust Fundraising, Campaigns, Websites & more 🚀 | Life & Business Coach 🫱🏼🫲🏾
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