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Running Header: FUNDING SOURCES

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FUNDING SOURCES

FUNDING SOURCES

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Los Angele food bank is a charitable organization whose focus is to fight starvation, give hope, and love to people (Los Angeles Food bank, 2018).

The following are sources of organizations that’s can offer financial support to the nonprofit entity.

One of the potential sources are food associations. Food associations try to lend a helping hand to any food bank within any locality .Therefore; the institutions provide reliable and consistent funds only to food charitable organizations. It is important to note that specializing in assisting only charitable food banks makes food associations more dependable and sustainable in the long run. In addition, the food associations can provide actual food free. For example, American Egg firm can bring eggs (Los Angeles Food bank, 2018).

The second place that can offer help is application for grants. Most government institutions grant charitable firms such as Los Angeles charitable organization. The applicant can state whether the grant will be regular or a onetime contribution. Grants go a long way in keep charitable organization afloat (Manoharan , & McQuiston, 2018).

A part from food associations and grants, another source is individual contribution.Campaigning and raising awareness may capture the attention of the public. The food bank may publicly display their account number for well-wishers to deposit their contributions. One of the advantages of using the public is that the help may come in various forms a part from finances. For example, some people can volunteer their skills and save on labor(Manoharan , & McQuiston, 2018).

Events have the potential of raising funds butFood banks overlook such sources, as one needs money to make an event .Instead, charities rely heavily on grants and sponsorship type of sources. Events have the ability to raise a lot of money if executed correctly. The second missed source is failing to come up with a solid funding group dedicated to funding the Los Angeles nonprofit organization only. Most administrators assume that since they have a charitable organization, funds will always flow, but they are often wrong. Just like any entity, having a solid reliable source of funds is compulsory(Manoharan , & McQuiston, 2018).

References

Los Angeles Food bank

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

Manoharan, A., & In McQuiston, J. (2018). Innovative perspectives on public administration in the digital age.