Some of The Most Popular Sources of Fundings For NPO Projects

The idea of getting "free money" allures everyone, especially, those who frantically look for monetary contributions or financial grants to fund their start-ups. Small start-ups are apprehensive about applying for business loans as they involve timely repayments and high-interest rates. The concept of refinancing business start-ups when business loan receipts fall short of the initial amount of investment prompt the need to look for ways of securing small business grants. This stands true for non-government organisations (NGOs) too that are on the lookout for funds always to ensure seamless progress of their daily activities. There are organisations who announce funding for NPO projects regularly or towards social activities they identify with.

How to seek for funding and grants?

State governments and local organisations look to make endowments or small grants for NGOs in developing countries every year. Approaching them to explain the purpose of your NGO, how it functions and the pervasive impact of its activities can help if you are looking for constant inflow of funds. One may also look for websites that frequently update their databases containing information about prospective sources of funds. While the conventional sources include lining up before interested organisations and filling of fund application forms, there are more innovative and unconventional sources that one can source funds through. Aid coming in from some of the reputed organisations can spell relief for NGOs facing cash crunch for their everyday operations. Some of them include:

• AsianNGO: A renowned institution looked and relied upon as one of the best destinations when it comes to seeking various grants. This funding organisation aims to financially empower and bring together the activities of all NGOs around the world for social development and common welfare of those in ardent need of help. Acclaimed for its efficiency in screening the various fund application forms they receive each year, its team of experts processes them with the greatest speed and efficacy. AsianNGO pays particular attention to ensuring sustainability of key factors aimed towards development of certain sections of the society.

• Paul Hamlyn Foundation: One of the most esteemed organisations in the UK, Paul Hamlyn Foundation supports development projects around the world, especially in the Indian subcontinent. The organisation accepts applications from local NGOs serving communities at a disadvantage and ensuring that they avail basic facilities and amenities essential to daily survival. Those NGOs that find it difficult to raise funds from other sources may approach this organisation to explain their vision and the purpose of their seeking funds.

• The Coca-Cola India Foundation: A classic example of corporate social responsibility (CSR) supported by a corporate organisation that believes in sharing its benefits with the society through the numerous NGOs that it supports. The organisation focuses on donating towards causes that propel India to be a stronger and more developed country.

• ABELIS Foundation: Founded by some disabled Finnish people a decade back, this organisation aims to financially support NGOs involved in serving those physically afflicted. Be it any kind of physical impairment, this foundation also focuses on doling out grants to organisations run by parents of disabled children.

• Humanitarian Innovation Fund: As the name effectively suggests, this foundation is all about granting humanitarian assistance to organisations that share innovative solutions to gruelling problems and challenges affecting communities worldwide. Whether it is about finding effective means to end the pervasive problems regarding water, sanitation and hygiene or limiting acts of gender-based violence in developing nations, this organisation relieves NGOs of the burden to seek funds, thus, prompting them in their activities.

Parth Gautam is the Product Manager for AsianNgo portal. Responsible for enhancing the user experience and end-to-end management of the portal which includes - technology, content and marketing communications.