National NGOs look at leveraging domestic fundraising & innovation for sustainability
With its commitment to figure towards ‘Civic Driven Change’, Smile Foundation has teamed up with Wilde Ganzen’s Change the sports Academy to usher in best practices and help grassroots organizations take forward their development mandate. Through a singular classroom learning course, 23 NGOs get to listen to from experts on the way to tackle fundraising issues and suit the processes of due diligence from stakeholders to avoid abrupt shutdowns.
This is precisely important as context as over the past decade approximately, dependence on foreign funding for national NGOs has been erratic and is on a slowdown. A decline of 40 percent in foreign funds for NGOs over the past five years has been reported recently. This emergence of corporate social responsibility, including global economic slowdown and individual giving, local organizations are trying to find new ways to boost resources and support for the causes they champion within the national markets.
“The lack of handling funds, and following due diligence is a problem with an outsized number of NGOs performing at a community level,” said Santanu Mishra, Co-founder, and Trustee, Smile Foundation.
The course brings forth a paradigm shift to the participants that local fundraising may be a more sustainable option at the end of the day. “Self-Sustainability may be a big question and that they leave the space equipped with skill-set, ready with an occasion decide to fundraise,” said Gargi Kapoor, In-charge, CtGA, India.”New innovative approaches, they need to help the world maintain its independence, to think strategically, adopt new skills and still be sustainable, these workshops help civil society to rethink their business models, which will about its financial models and the thought exchanges that happen through the workshops empower these smaller units with future and short-term fundraising goals,” she explained.
Shabnam Siddiqui, Director CEGET, UNGC Network India inaugurated the event and delivered the session on CSR Act and up to date amendments in India. ” the Government’s thrust towards to figure with compliance and regulatory norms. Failing to try to so, leads to shutting down of operations.” she mentioned.
By the individual philanthropists. they need ensuring that the role of personal funding continues to grow as a growing trend in donations despite slowing foreign fund inflows. Similarly, funding under Corporate Social Responsibility (CSR) is maturing, which has seen a growth of 12 percent in recent times, but local NGOs got to explore ways to also find alternate means of fundraising.
The answer for smaller NGOs is on finding financial stability, which is essentially about diversifying financial resources to possess a healthy mixture of long and short-term funding, CSR donations, foreign and native donors also as internally generated resources by events, fundraisers, etc.
With most organizations that are performing at the state level and rooted within the community, the understanding of monetary stability is poor and lack of mentoring makes is difficult to sustain with changing scenarios. It aims to empower smaller nongovernment organizations in methods to become self-reliant and sustainable and help them understand the dynamics of being self-sufficient and self-reliant.
Read more CSR News on India Frontline.