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Running Header: FOUNDATION PROSPECTS RESEARCH CHALLENGES

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FOUNDATION PROSPECTS RESEARCH CHALLENGES

FOUNDATION PROSPECTS RESEARCH CHALLENGES

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The charitable organization chosen is Los Angeles food bank (Los Angeles Food bank, 2018).

The potential foundations likely to support a food bank discussed below

Collaborating with other food banks may help to accumulate resources. Teaming up with another entity that offers the same services increase the outreach of the foodbanks by bringing together efforts and similar skills on one table. It is easier to harness resources from leaders, community members by collaborating with other similar minds. More so, partnership makes some functions easier due to sharing of activities and ideas. Integration of ideas makes the presence of an entity felt throughout a community (Los Angeles Food bank, 2018).

The second source is enrolling in a foundation that offerssoft loan programs and other kinds of assistance. Revolving loan plans. Under such programs, an administrator is able to expand a charitable entity. The loans have very low interest rates and can keep a food bank afloat by purchasing equipment and other operational costs. The programs are under the reprocessing market improvement regions. Under the program, the food bank is a recycling firm. The loan can cover all operational costs. It is important to note that aw government can cover such costs when one applies for help as the money goes into a charitable course. Although not popular, loans can be donations as they offer direct assistance (Ohls, Mathematica Policy Research, Inc., & United States, 2002).

Building prospects has to do with social networking and building lasting relationship with people that will offer financial assistance immediately without any supervision. One of the foundation with a low prospect is an international based food foundation such as FAO. International foundations handle manyresponsibilities under their belt and cannot stretch further to assist a local food bank. Therefore, it is good for an entity to utilize various diverse foundations. Stewardship organizations may not have enough finances to carry a charitable organization through thick and thin. Hence, it is good to find various foundations with a solid financial base (Ohls, Mathematica Policy Research, Inc., & United States, 2002).

References

Los Angeles Food bank

Retrieved from: https://www.lafoodbank.org/

Ohls, J. C., Mathematica Policy Research, Inc., & United States. (2002). The emergency food assistance system-- findings from the provider survey: Vol. II. Washington, DC: U.S. Dept. of Agriculture, Economic Research Service.