3.Fund Raising for NGOs

Fund raising is the process of mobilizing financial and other resources to support a cause or an organization. For NGOs, fund raising is essential to sustain their operations, implement their projects, and achieve their goals. NGOs need different sources of funding to survive and thrive in their work. CSR funding is a legal obligation for some companies in India to support social causes, and NGOs can benefit from it by aligning their activities with the corporate donors' themes and preferences. Institutional and government funding are grants and schemes offered by various national and international organisations and agencies for NGOs, which can help them implement projects, build capacities, and access fellowships in various sectors and domains. Foreign funding is the financial support provided by foreign donors and foundations to NGOs in India, which can help them diversify their resources, scale up their impact, and collaborate with global partners, but they need to have a FCRA registration to receive it. Various other fund raising methods include donations, memberships, events, campaigns, online platforms, etc., which can help NGOs generate income, increase awareness, engage stakeholders, and create a loyal supporter base. Therefore, different sources of funding are key for an NGO's survival because they can provide financial stability, operational flexibility, strategic advantage, and social legitimacy.

There are many ways to raise funds for NGOs, such as:

• Applying for grants from funding agencies, governments, or corporations
• Organizing events, campaigns, or activities that generate income or donations
• Soliciting personal or network contributions from individuals or groups
• Using online platforms, tools, or methods to reach out to potential donors or supporters
• Volunteering, partnering, or collaborating with other organizations or entities that share yourvision or mission
• Receiving donations in kind, such as goods, services, or equipment
• Selling products, services, or memberships that are related to your cause or organization

However, fund raising is not easy. It requires a lot of planning, research, networking, communication, and management skills. It also involves a lot of challenges, such as:

• Finding and accessing suitable and reliable sources of funding
• Competing with other NGOs for limited or scarce resources
• Meeting the requirements, expectations, or conditions of the donors or funders
• Maintaining transparency, accountability, and credibility in the use of funds
• Measuring and reporting the impact and outcomes of the funded activities or projects

That's why PSI is here to help you. PSI is an NGO consultancy firm that specializes in solving problems related to NGO management, documentation, auditing, legal assistance, and fund raising. We have the expertise, experience, and network to help you with your fund raising needs.

We can help you:

• Identify and research potential donors or funders that match your cause or organization
• Develop and write effective and compelling proposals or applications for grants or funding
• Design and implement innovative and engaging fund raising events, campaigns, or activities
• Create and manage online fund raising platforms, tools, or methods
• Build and maintain relationships with donors, funders, partners, or supporters
• Monitor and evaluate the progress and performance of your fund raising efforts
• Prepare and submit timely and accurate reports and feedback to the donors or funders

With PSI, you can save time, money, and energy in fund raising. You can focus on your core activities and objectives, while we take care of your fund raising needs. You can also increase your chances of getting the funds you need, while we ensure your compliance and satisfaction with the donors or funders.

If you are interested in our fund raising services, please contact us today. We would love to hear from you and discuss how we can work together to make a difference