Fundraising, Resource Allocation + Grantmaking
Accelerate Your Efforts
If you are already implementing all or most of the strategies listed in the previous section, consider adding some of these to deepen your fundraising, resource allocation, and grantmaking efforts:
Set and share standards for equity funding resources. Research the origins of capital and funding with an equity frame.
As needed, work to diversify fundraising teams (corporate, philanthropic, individual) so that they reflect the full spectrum of the community and can also leverage their personal networks to support revenue goals.
Set specific goals related to increasing awareness and giving from donors of color (e.g. African American affinity groups).
Create mechanisms for delivering resources to new partners. Consider a rapid response fund.
Assess the extent to which current funding sources align with your organizational commitment to equity. Identify conflicts and determine if misalignment requires a change of course.
Create opportunities for participatory grantmaking processes where community residents co-create the grantmaking process and drive decisions about the strategic investment of resources in the community.
Work to create funding collaboratives to amplify the impact of giving.