14 May 2022

76

Economic Impact of Fundraising

Format: APA

Academic level: Master’s

Paper type: Essay (Any Type)

Words: 322

Pages: 1

Downloads: 0

Introduction

The growth of most established organizations are dependent on various aspects, funding being one of the most critical elements. The availability of financial resources within an Organization ensures that many of its needs are met hence a positive impact towards its development. As elaborated by Barbara Christiansen, Peter Kim and William Foster (2009), money is a sophisticated issue that most non-profit leaders within the organization create ways of developing programs that can help inject finances within the organizations whereas philanthropists may not comprehend the effects of their donations to their receivers despite their giving. 

According to the ten fundraising models that have been highlighted in the Stanford Social Innovation review dubbed ‘Ten Nonprofit Fundraising Models,’ the model that can suit our school organization is the public provider model. Education being the primary service provided by our organization, this model comes handy because it allows nonprofits to collaborate with government agencies to deliver services like education, human services and housing. It is important to note that the services being boosted by these government agencies and the nonprofits were already defined by the government and funded at their initial stages. Hence, the key responsibilities of the education stakeholders making use of this model are to facilitate efficiency and quality in the services provided.

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In reference to the examples highlighted in the article, the impact of this model on the community and the economy is the ability to help individuals get access to vital services like education that positively impacts their lives through the skills they acquire from the institutes like our school organizations. Consequently, from the skills, proper application of the knowledge earned enhances job creation which directly boosts revenue earnings from both income and taxing.

Conclusion

The public Provider model of fundraising encourages nonprofits and existing philanthropists to partner with the government to ensure that vital services like education do not seize to be provided. Furthermore, existing government agencies act as mediators who on the other hand ensure that the government defined policies on the social services are implemented correctly by the nonprofit fundraisers.

References

Christiansen, B., Kim, P., & Foster, W. (2009). Ten Nonprofit Funding Models. The Bridgespan Group.

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Reference

StudyBounty. (2023, September 16). Economic Impact of Fundraising.
https://studybounty.com/economic-impact-of-fundraising-essay

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