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Funding a business
How much of a bus. profits should be for future fundraising act.
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[QUOTE="Yusra3, post: 336742, member: 31907"] Experts are often advised to put aside 5-10% of the business's net income each year in order to have it in reserve for future fundraising needs. This creates a capital pool to direct activities such as donor campaigns, grant proposals, special campaigns, crowd sourcing, along with other development efforts. Fundraising is the backbone for sustaining and developing nonprofits of all sizes. Planning ahead, reserving funds, frees an organization to be proactive rather than react to an event or condition. A steady yearly contribution from profits can help increase the number of donors and funding streams over time, thus building bigger base of donors with increasing number of funding streams for businesses. [/QUOTE]
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Funding a business
How much of a bus. profits should be for future fundraising act.
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