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Potential funding models to drive philanthropy This research was undertaken in December 2020, when the arts and culture sector was mired in the COVID crisis, exposing issues in the sectors resilience,
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01
Identify the scope and purpose of the funding model.
02
Research various funding sources relevant to your project or initiative.
03
Gather financial data, including costs and anticipated revenue or funding needs.
04
Determine the structure of the funding model (e.g., grants, loans, sponsorships).
05
Engage stakeholders to gather input and validate the model.
06
Draft the funding model including details on allocation and timeline.
07
Review and revise the model based on feedback from stakeholders.
08
Prepare to present the funding model to potential funders.

Who needs potential funding models to?

01
Non-profit organizations seeking financial support for programs.
02
Startups looking for investment to launch their business.
03
Research institutions applying for grants to fund studies.
04
Community organizations developing projects requiring local funding.
05
Educational institutions in need of sponsorship for programs or activities.
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Potential funding models refer to various strategies and approaches that organizations can utilize to secure financial resources for projects, initiatives, or services.
Organizations seeking funding, including non-profits, startups, and community projects, are typically required to file potential funding models to relevant funding agencies, grantors, or financial institutions.
Filling out potential funding models typically involves outlining the project's objectives, budget needs, timeline, and impact assessment, along with required supporting documents as specified by the funding source.
The purpose of potential funding models is to create a structured plan to attract and secure financial resources to support specific projects or initiatives that align with organizational goals.
Information reported on potential funding models generally includes project descriptions, funding requirements, expected outcomes, budget breakdown, and long-term sustainability plans.
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