Altus Dynamics Blog

Agencies Challenged to Find New Funding Sources

Posted by Nicola Dickinson on Jul 27, 2010 10:00:00 AM

The need to focus in alternative funding sources is becoming more important than ever for agencies supporting individuals with special needs.  That's because there may be some challenging times ahead for some Canadian and Ontario-based agencies.  Today, the issue is that some agencies may have made commitments based on the 2007 budget are  now forced to scramble to find alternative ways to fund increases negotiated with their unions and other spending plans that were based on the 2007 Provincial budget  (a four year plan to increase Developmental Service Agency budgets).

In the budget details, the Ministry of Community and Social Services announced there would be no increases to agency base budgets.  The fourth year of the commitment would not be honoured.  Also, it was also announced that $20 million  would be earmarked for Transformation, with no indication as to how this allocation would be spent.

Finding new ways to find funds may be what's needed for these local agencies.  Perhaps a focus in online fundraising, increased focus in donations and donor relationships may help to diversify revenues and reduce funding risk for the future.  Today, more and more agencies are increasing their focus in fundraising and leveraging the success of online fundraising.

Online giving is growing exponentially each year, from $250 million in 2000 to more than $4.5 billion in 2005.

Embracing online donations might be another way to offset the challenges in funding that lay ahead.

 

 

Submitted by Nicola Dickinson

 

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This Post Was Written By Nicola Dickinson
Nicola Dickinson is a Founding Partner at Sparkrock. She formed Sparkrock with a vision and mandate to deliver award-winning, meaningful and affordable technology solutions exclusively for the non-profit and public sector. With a passion for assisting non-profit and public sector, she provides true value by being an active member of the non-profit community.
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