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.