Building funds for nonprofits

The Gazette-El Pomar Foundation Empty Stocking Fund has been awarding money to Griffith Centers for Children for nearly 30 years in support of youth services.Griffith Centers for Children/Chins Up has five locations throughout Colorado, introduced by Emily Griffith, who had the original house built in Denver for delinquent boys in 1927 to coach them through education and self-supporting skills.The Griffith Centers for Children continue to offer residential care, along with access to foster care and adoption services, the Griffith School, and community programs that provide resources for supervised visitations, mentoring and family preservation therapy.“The Griffith Center has about 200 counselors available and supports about 1,700 families per week,” said organization engagement manager Courtney Hadl. Empty Stocking Fund: Urban Peak Colorado SpringsThe residential care is part of the Chins Up program, which places males ages 12 to 20 in a safe haven with mentoring and … [Read more...] about Empty Stocking Fund: Griffith Centers for Children

The Entrepreneurs of Color Fund in Detroit, a popular financing tool for minority-owned businesses in the Motor City, is growing nearly three times bigger. Two supporters of the fund, JPMorgan Chase and the W.K. Kellogg Foundation, announced this week (Dec. 13)  that the fund will be expanded from $6.5 million to over $18 million immediately, courtesy of new investments by existing backers and first-time investors. A strong demand for capital and a continued effort to help Detroit minority small businesses benefit from the city’s economic comeback are contributing factors why the fund is being expanded. Creating New Jobs and Goods in the Motor City “Our Entrepreneurs of Color Fund has created great economic opportunity for minority-owned small businesses in Detroit this year,” stated Ray Waters, president, Detroit Development Fund. “This expansion of the fund will create countless new jobs and bring new goods and services to even … [Read more...] about Fund For Black-Owned Detroit Businesses Balloons to $18 Million

With fundraising, the right strategy is key in garnering support for your nonprofit. At the core of any successful nonprofit is it’s fundraising base. And when it comes to attracting donors and supporters, its vital to have a good strategy to approaching the solicitation of funds to keep the nonprofit going. So what’s the best way to go about doing that, and where do you begin? BlackEnterprise.com talked with Tracey Webb, founder and editor of BlackGivesBack.com and The Black Benefactors, a philanthropic network that provides grants to organizations serving the African-American community, on the dos and don’ts of gathering funds to support your organization and how a nonprofit can best approach it. Best Ways to Approach Fundraising: Start with your board of directors: “[They] should be your first donors.  These individuals are the best marketers for your organization,” Webb says. “Then, use their professional network to engage … [Read more...] about Do’s and Don’ts of Soliticing Funds for Your Nonprofit