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Todays model for funding nonprofits and socialenterprises is fundamentally broken. This crisis has laid bare what nonprofit leaders have known for years: Todays model for funding nonprofits and socialenterprises is fundamentally broken.
A huge funding gapwill be almost impossible to closewithout some creative thinking about new revenue streams like increased fees for services or socialenterprise ventures. In late March, the Rhode Island Foundation announced that it is deploying $3 million in emergency funds to help nonprofits weather federal funding freeze and cuts.
For the next two years, I continued to reflect on my nonprofit experience and talk with colleagues still in the sector. Sometime in 2015, it occurred to me that if nonprofitfinance was more strategically approached, and if boards and staff alike were more educated and open about money, the space could be radically different.
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