get ready, get set... WO W OR RK KB BO OO OK K :: E X E R C I S E 2 - 5 2 2--5 5 Exxe E er rc ci is se e 2 2-5 5. . Assess the costs and benefits of fundraising vs. self-financing Directions: In your opinion or experience, how do the costs, time, management requirements, etc. for other fundraising approaches compare with those of self-financing? Circle your responses below: Back to Guidebook > = < Cost per dollar raised vs. selffinancing Fundraising Source Personnel time required to raise funds vs. selffinancing Management requirements vs. selffinancing is GREATER than self-financing; is SAME as self-financing; or is LESS than self-financing Restriction placed on expenditure of funds vs. selffinancing Duration of availability vs. selffinancing Tension with mission vs. selffinancing Competition with other nonprofits for funds vs. selffinancing Government/ State Grants > = > = < < > > = = < < >> == << >> == << >> == << >> == << >> == << Individual Donations > = > = < < > > = = < < >> == << >> == << >> == <<<< >> == << >> == << Foundation Grants > = > = < < > > = = < < >> == << >> == << >> == <<<< >> == << >> == << Corporate Donations < < > = > = < < > > = = < < >> == << >> == << >> == << >> == << >> == << Other: << > = > = < < > > = = < < >> == << >> == << >> == << >> == << >> == << TOTAL This is not a scientific exercise. But as you consider self-financing options, it is important for you to think about the investment you make in fundraising and the corresponding returns. 1. How many “>” did you circle? ______ How many “<”? _____ How many “=”? _____ 2. Overall, how do you think self-financing compares with other fundraising approaches? 76 7 6 get ready, get set... Starting down the road to self-financing Copyright © NESsT 2004