| Best Practices | Fund Development
| Fundraising for Revenue Generating Programs
Submitted by Kim
Prendergast, A2H on 10/11/2002 Yale School of Mgmt/Goldman
Sachs
What follows is information about a funding opportunity for programs
that are doing revenue generating projects. The web-site is listed,
but contact me if you have questions or if A2H staff can be of
assistance with your proposals. --Kim (312-263-2303 ext 189) The
Partnership on Nonprofit Ventures, a collaboration between the Yale
School of Management, the Goldman Sachs Foundation and the Pew
Charitable Trusts, is accepting entries for its National Business Plan
Competition for Nonprofit Organizations. The competition will award
grants and technical assistance to nonprofits working to start or
expand successful profit-making ventures. $100,000 will go to four
grand-prize winners; $25,000 each to four semi-finalists. Winners will
also receive hours of technical business planning consultations.
Non-profits must have 501 (c) (3) status, be HQed in the US, be in the
planning stages of establishing an earned-income business venture, or
have an earned-income venture in operation for no more than 24 months
as of August 30, 2002. The contact info is Yale School of
Management-The Goldman Sachs Foundation Partnership on Nonprofit
Ventures, 560 Sylvan Avenue, Englewood Cliffs, NJ, 07632, (201)
894-8950 website is:
http://ventures.yale.edu/aboutcompetition.asp.
Submitted by Jane KCCK
on 10/11/2002 Denali Fellowships
It is a 3 year program, teaching not for profits to become more
entrepreneurial. The outcome is a business enterprise for each
fellow's organization. I am on the Board of an agency whose ED has
just become a fellow. The program is sponsored by the Kauffman, Ford
and Kellogg Foundations. They bring in top line professors from major
universities to provide the training. The program started by observing
a man in Pittsburg who originally came from the streets and started a
not for profit to help those in need. Then he started a business
making and ceramics, I think. Now he has several enterprises going
including a food service training program that caters or has a
restaurant that essentially fund his not for profit. It really seems
to be a neat program. I can get more info if you are interested. One
thing to take into consideration when starting for profits is keeping
revenue separate from your not for profit.
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