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Funding for nonprofits is changing
Funding for nonprofits is changing
By Joyce Tsi
The Dallas Business Journal
October 10, 2008
More and more North Texas nonprofits are creating their own for-profit subsidiaries as a way to insulate themselves from the ups and downs of traditional fundraising efforts. The trend is likely to become even more common as nonprofits, like other businesses, try to service in an increasingly volatile economy.
Nonprofits should undertake these for-profit ventures by carefully weighing the risks, and developing detailed business plans, like any for-profit business would, said Stacy Caldwell, executive director of Dallas Social Venture Partners, which pools the investments of individuals to support local nonprofits’ for-profit business ventures. Read More!
