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Does Revenue Diversification Actually Work for Nonprofits?

Peak Proposals

There’s no question that several sources of income provide better financial security than having a single source. The downside of these partnerships (mostly on the nonprofit side) is that they can be time consuming and costly to cultivate. Regardless of the approach, trying to secure a corporate partner is not going to be cheap.

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2024 Service to America Medals® finalists put major federal investments into action

Partnership for Public Service

Targeted outreach: The Clean School Bus Team set the goal of receiving an application from every state and started “pounding the pavement” to make sure communities in need were aware of the program. In under a year, the team grew to more than 100 employees.

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Finding Funding for Research

Peak Proposals

If you lack preliminary data, you may want to hold off applying for external funding and focus instead on securing internal (institutional) funding to collect preliminary data. Scheduling a minimum of 3 days to secure official institutional sign-off and package the proposal for submission. This is particularly true of NIH grants.

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AI in 2024: Laying the Groundwork

GovLoop

Cultivate AI Expertise on Staff Federal AI guidance emphasizes the need for AI skills in the workforce — in more than just technical roles. Don’t depend on vendors for security, privacy protection or elimination of bias. Every AI output must be doublechecked against other resources and reviewed by a human.