Donor Funding Models for Innovation: A Review

In 2014, the Overseas Private Investment Corporation (OPIC) launched the Portfolio for Impact, an initiative that aimed to target early-stage investments with the potential to generate significant development impact. Originally, this was conceived as a relatively small program that would provide debt financing of up to $5 million to early-stage entrepreneurs who were not yet ready for larger investors. OPIC investment officers saw social investors who were investing in social enterprises, but there was a distinct lack of debt available for these investments.

Superapps: can they take over the global digital services scene?

The community-aspect of Challenges, created using Facebook (Meta) groups, is what helps participants reach their goals and build a connection to your nonprofit. When a participant feels connected to this community, they’ll be more likely to participate in other campaigns your organization holds in the future. The methodology works because it’s based on proven practices from the education sciences. The first major reward crowdfunding success took place in May 2012 when Eric Migicovsky, CEO of Pebble Watch, presold $10.2M worth of his product in 31 days. The need for innovation, and therefore the initiative, ran deeper than the immediate issues raised by COVID-19. Unparalleled challenges were standing in the way of NGOs’ objectives and them achieving the Sustainable Development Goals.

However, you won’t have access to your funds until the campaign has been 100% funded for at least seven days. Keela is a comprehensive platform that gives you powerful, intelligent tools to manage your donors, mobilize your volunteers, market your nonprofit, and raise more money. Cassie Losquadro is a sales leader at GoodUnited, the social giving solution. Cassie is energized by working with nonprofit leaders and changemakers who are to a person, saving the world through their initiatives.

Resources & Insights

Get a glimpse of how Keela’s fundraising smart tools help nonprofit organizations to strategize, streamline, and automate their fundraising efforts. While sticking to the basics can help you reach comparable fundraising goals that you’ve achieved in the past, that’s about all that these well-worn strategies will achieve. But if you want to go gogetfunding beyond past achievements and actually grow your fundraising and impact over time, you need to embrace an entrepreneurial mindset and try out a few innovative approaches. Accredited investors perusing Crowdfunder can review the deal flow and invest in the ones they like— typically anywhere between $5,000 to $500,000 (there is no maximum).

Increasing staffing would enable these two programs to take full advantage of their existing funding and allow them to absorb additional funds should USAID and the DFC make new commitments in the innovation space. Challenges on Facebook (Meta) are time-bound peer-to-peer campaigns that take place entirely on the social network. During a Challenge, participants complete a task (such as walking, running, biking, or calisthenics) each day for a set duration (such as two weeks to one month). While doing so, they raise funds for your nonprofit using Facebook (Meta)’s built-in fundraising tools. If you are an entrepreneur, you should definitely experiment with both reward-based and equity-based crowdfunding as tools.

The Opportunity for Entrepreneurs…and the 1 – 2 Punch

This is a valuable tool for organizations running fundraising programs as it can be used as a starting point for brainstorming exercises. Please provide a brief description of your project and we’ll get back to you within 1-2 business days. If you require funding, please contact us to learn about applying to our mentorship and funding programs. For entrepreneurs looking to raise capital for their business ventures or new ideas, GoGetFunding is the way to go.

The truth is, it’s challenging to simply post thank-you notes to all of your nonprofit’s social supporters by hand, let alone hold individualized conversations with each. With automation, you can do both and ensure that every supporter has a positive experience with your nonprofit— regardless of how many supporters you’re engaging with at any given point. Watch this free on-demand webinar to learn how to develop a comprehensive social media strategy for your nonprofit and reach more donors online. Download this comprehensive fundraising trends guide to discover how these lessons will become the building blocks for more resilience, agility, and sustained success in the nonprofit sector. At my first off-site meeting, a manager stood up and told me we were not going to grow because we couldn’t. We were broke, our facilities urgently needed repair, and the land they sat on was being sold.