What is a sustainable fundraising strategy?
A sustainable fundraising strategy is a plan that sets out a funding need alongside the identified actions, timescales and possible resources needed to meet this need. By planning for future funding requirements an organisation can seek to:
- Reduce its dependency on a single income stream
- Improve its chances to operate independently
- Build up reserves to safeguard its financial future
- Create a sustainable funding base
Developing a written fundraising strategy is essential in helping your organisation take a long-term view, plan and prioritise your fundraising work and, in the long run, should help to increase and diversify your fundraising income.