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.
At PSI, we understand that your NGO's mission is to create positive change in the world. Our role is to support your journey by enhancing your digital presence,expanding your reach, and securing the resources you need to make a difference.
If you're ready to elevate your NGO's impact and amplify your message, we invite you to get in touch with us today. Together, we can create a brighter future for those you serve.