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Different income sources

 

a. The National Council for Voluntary Organisations (NCVO) website presents income sources on a spectrum ranging from ‘asking’ to ‘earning’. Their website offers a host of information on the wide range of income sources available to you, with specialist Resource Sheets for every area. These break down as follows:

 

(i) The Gift Economy – unrestricted donations, where major sources of donations are divided into the following categories:

 

  • Community Fundraising
  • Individual giving
  • Corporate support
  • Major Donors
  • Legacies
  • In Memoriam and Tribute Giving

For details visit www.ncvo-vol.org.uk/advice-support/funding-finance/income-sources/gift-economy  

 

(ii) Grants – subsidies for specified activities:

 

  • Public funders (eg. local and national government)
  • Lottery distributors
  • Charitable trusts and foundations

www.ncvo-vol.org.uk/advice-support/funding-finance/income-sources/grants

 

(iii) The Structured Market – contracts, often to deliver public services

 

www.ncvo-vol.org.uk/advice-support/funding-finance/income-sources/structured-markets

 

(iv) The Open Market – trading goods and services

 

www.ncvo-vol.org.uk/advice-support/funding-finance/income-sources/open-market

 

 

To help you analyse your organisation’s income and think about the different demands – and potential benefits - of each income source visit the  www.ncvo-vol.org.uk/advice-support/funding-finance/income-sources

 

 

b. The Basis Project gives a useful overview of the range of funding sources available - with their associated advantages and disadvantages:

www.thebasisproject.org.uk/Resources/The%20Basis%20Project/Documents/PDF/2_Fundraising_Figure2_1.pdf

 

 

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