Tuesday, February 18, 2014

A Reminder about Funding Overdependence - NPQ - Nonprofit Quarterly

A Reminder about Funding Overdependence - NPQ - Nonprofit Quarterly: A report from Portland, Maine about the closing of a city-run clinic that provided healthcare for 2300 homeless people each year should remind us that wherever possible, we should guard against overdependence on one source of funding. The clinic’s fate was decided when it lost a federal grant that provided approximately a third of its annual budget of $1.8 million.

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