Raise a Dream

Collaborating To Stretch Funding & Impact

Now more than ever, we are hearing that granting organizations, funders, and sponsors are looking to nonprofit organizations, service clubs, and entrepreneurs to collaborate and partner where possible on their projects. In many cases, funders look to projects where there is no (or minimal) duplication of efforts and services. This allows funders to extend their range and stretch funding while also fostering a greater impact.

This is not a new approach.

More than 20 years ago (before I opened my businesses), I was a contract negotiation specialist for the government. I had a portfolio of funding that was provided to nonprofit organizations, for-profit businesses, and community groups to operate programs and services in the region. The funds supported a wide range of initiatives including early childhood education, parenting programs, community events, group homes, and women’s shelters to name a few.

How to Use Collaboration to Overcome Funding Challenges

Spring is often a very busy time for organizations and entrepreneurs that receive government funding. Contracts may have come to a close on March 31st and new contracts (and funding) often start April 1st.

Unfortunately, it can be a stressful time if those in charge of funds and programs face the challenges that emerge upon learning that government funds may be clawed back or not approved.

With these funding challenges in mind, it’s important to look for solutions, especially involving collaboration, to see if there are funding opportunities that are being overlooked.

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Collaborating To Stretch Funding & Impact

How to Use Collaboration to Overcome Funding Challenges