Why community fundraising should be a higher priority for charities
£640,000 was lost by charities who were unsuccessful/declined in Henry Smith's latest funding round. More than 49,000 hours were wasted, and that related to just one funder. If we consider how many funders there are out there (though they are in decline), it's actually quite scary to calculate the number of hours and the likely millions of pounds that are lost across the entire sector each year in the pursuit of income from grants.
The cost of fundraising...
Return on investment is an important thing for any organisation, but particularly so for a charity.
Most people probably don’t think about the cost of fundraising (a heads up: it’s not just a case of having a volunteer rattling a bucket in a town centre ‘for free’).