According to Linda Wood, senior director of the Evelyn and Walter Haas, Jr. Fund, most organizations don't invest enough in fundraising and even often leave money on the table. With that, this foundation and others have pooled their donations to launch The Progressive Multiplier Fund, which will make grants and loans to organizations that are testing out progressive new fundraising methods. Together they have raised $2 million, with the next deadline to apply for funding on October 19th.
So far, two grants have been made, including one to a pro bono legal organization that is testing out the feasibility of charging for legal instruction courses. Organizations that have existing programs and are looking to expand can apply for a recoverable grant, where they repay the loan and keep anything they make above it. While a lot of nonprofit boards are hesitant to invest in fundraising, they should reconsider. As the Evelyn and Walter Haas, Jr. Fund's website describes, "mobilizing people and raising resources are both forms of power-building." LEARN MORE