New Guide: Creating a Nonprofit Financing Plan

By Nell Edgington

I’m delighted to announce the release of the newest Social Velocity step-by-step guide, Creating a Nonprofit Financing Plan. This guide is designed to help you build a financing plan for your nonprofit and joins the growing list of Social Velocity tools available to nonprofits.

A financing plan, unlike a traditional fundraising plan, is an integrated, thoughtful, and strategic way to help a nonprofit raise enough money to achieve its programmatic and organizational goals. When you finance, instead of fundraise for, your nonprofit you are developing a long-term strategy for bringing enough money in the door to achieve your mission.

Financing means that instead of asking the question:

“How much can we accomplish with what we can raise?”

you start asking the question:

“How much should we raise to accomplish our goals?”

A financing plan differs from a fundraising plan in a number of ways. Unlike a fundraising plan, a financing plan:

• Raises all of the necessary revenue AND capital required to achieve the goals of your strategic plan
• Includes ALL activities that bring money in the door
• Supports the short AND long term goals of your nonprofit
• Funds your programs AND infrastructure
• Employs activities in line with your core competencies and mission

The Creating a Nonprofit Financing Plan Guide walks you step-by-step through the process of creating your nonprofit’s financing plan and is divided into 8 sections:

1. Align Money, Mission and Competence
2. The Financing Plan Framework
3. Create Revenue Goals
4. Create A Capital Goal
5. Create A Fundraising Infrastructure Goal
6. Operationalize the Plan
7. Monitor the Plan
8. Next Steps

With a clear financing plan, your nonprofit will bring more money in the door, in a more sustainable way, ultimately bringing you closer to achieving your mission and creating change in your community.

Download the Creating a Nonprofit Financing Plan Guide Now.

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Tags: board fundraising, capacity capital, creating a fundraising plan, financing not fundraising, fundraising plan, fundraising tools, nonprofit budget, nonprofit fundraising, nonprofit strategic plan, nonprofit strategy

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