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The challenges facing Alaska nonprofits that rely too heavily on government funding was covered recently by the Alaska Dispatch, an online news service. The story, which includes comments from Foraker President Dennis McMillian, echoes the message we have been delivering for some time now: Alaska nonprofits are overly dependent on government grants and need to diversify their funding sources.
The story also talks about the success of Pick.Click.Give. in promoting individual giving. Foraker’s work has shown that individual giving and earned income are two sources of sustainable revenue that need to be developed by nonprofits if they hope to survive and thrive.
Click here to read the article.