How to finance a non-profit project
How to finance a non-profit project
Find funding for a non-profit project andmore complicated, and simpler than a commercial project. The difference - for a nonprofit project, profit and profit - are not key parameters, but also the interest of the financing party is lower. So what are the ways of financing a socially significant non-commercial project?
Instructions
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The first way to finance non-profitproject - project financing. This method is used when financing large projects. The pros of this method can be considered: the presence of large and solid investors; use of several sources of financing; process of redistribution of risks.
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One of the newest modern methodsfunding for non-commercial projects is crowdfunding. It is a new technology for financing non-commercial projects. This technology is that the event is held at the expense of individuals or organizations that donated their funds to organize a non-profit event or project. The use of this technology begins with the selection of a special Internet site company specializing in caudfunding. This organization and undertakes obligations to organize electronic fund-raising, however advertising and promotion of the project remain yours.
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The next method is grant supportnon-commercial projects. As a rule, a non-commercial project pursues socially significant goals, and hence both the society and the state as a whole are interested in implementing such a project. To date, there are many different competitions to receive funding for non-profit socially significant projects. To receive funding, you must fill out a competitive application with a description of the project and the budget for the events. Financing of non-commercial projects through grants from the state is subject to compulsory presentation of accounting financial documents.
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Another way to finance non-profitproject can be called funding through funds, including charities. In this case it is important that the goals of your project coincide with the objectives of the fund. The terms of cooperation here are quite simple, since there is no commercial component. But often a non-commercial project is beginning to be associated with this foundation.
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Also receive funding for the implementationnon-commercial project is possible through foreign and international organizations (but here one must be very cautious in connection with the latest changes in legislation). In addition, commercial structures can also finance a non-commercial project if they are interested in the social significance of the project, as well as for advertising and a positive image of the organization.
