Footsteps magazine issues on a wooden desk.

From: Footsteps 64

How to empower people and plan for the long term

Planning is important for financial sustainability. Start with your organisation’s vision and aims, and then look to see how that work could be funded. Stay focused on work that uses the skills, experience and knowledge you have within the organisation. Don’t plan your work or change your aims just to get easy funding.

Make a budget

When you are planning a project, note down all the funding that will be needed to achieve your objectives. Remember to look beyond the basic project costs:

Be realistic

Look back at budgets and spending in previous years to provide a picture of actual costs. Think about trends such as annual salary increases.

Efficiency

Before thinking about how to raise new funds, check that you are using the resources you already have in the best way possible. Can you improve how you spend your money and time, to make your resources go further? When making an annual budget, think about the following questions:

Only consider changes that will not affect the quality of the work you do.

Diversify your sources of income

Look at where your organisation gets its income from. There are many possible sources such as:

If an organisation gets all its income from just one source or donor, then it is very vulnerable. If that source of income stops, the organisation will have no income, and would have to close. When an organisation has funding from several different sources, it is less vulnerable. If one source dries up, the organisation will other sources to rely on. However, many different sources also mean higher administration costs in raising the funds and keeping track.

Volunteers

Volunteers are a valuable resource for development organisations. They do not require wages but can help with administrative tasks, fundraising events, and carry out tasks that support other staff in their work, such as maintenance of the office building and driving vehicles. Sometimes volunteers can offer useful technical expertise. Volunteers should be valued and treated as well as paid staff. New volunteers should be interviewed and references taken up to ensure they are suitable.

More fundraising ideas

Adapted from ROOTS Fundraising by Rachel Blackman  

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