You have your grant from Youth Venture, but you still need more money for your Venture. At some point, most Ventures will need to receive financial or in-kind donations (materials, services, or facilities) in order to sustain themselves. Where do you go for more money? Most likely, the funds that you raise for your Venture will come from a combination of different sources.
Donations:
Teams can ask individuals and businesses to donate money, products, services, or facilities to their Venture. For example, the MWV Free Ride Park Project sent postcards requesting donations to everyone on its mailing list. The largest source of funding for your Venture will probably come from small donations from individuals.
Earned Income:
Venturers can create a product to sell. The profits from the products can then go toward future Venture activities or the profits could be earmarked for specific charitable causes. The Beech Hill Bakers, for example, bake and sell pies to help fund their Venture. Camping for a Cause, charges an admission fee for each camping night and then donates the profits to organizations that help refugees.
Grants:
If your Venture meets certain criteria, you may be eligible to receive funding from a foundation, school, the government, or another grant-making institution. Foundations often have very specific criteria that organizations must meet, so research each foundation thoroughly before applying. If you meet the funding requirements, foundations usually ask organizations to write a grant explaining their work and need for funding. After SeniorConnect received a Youth Venture grant, the team wrote a grant and was awarded additional funding from the Bean Foundation. For more information on where to find grants, check out Youth Venture’s tip sheet, Finding Grants and Awards.
More YV Tip Sheets
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