Basics of starting an NGO
Starting a non-governmental organization (NGO) can be challenging but is at the same time very philanthropically fulfilling; it requires a detailed study of other NGOs’ functioning including recognizing and understanding such an organization’s goals, some of which include providing education opportunities to underprivileged children, protecting these children’s rights, and reducing child labour. From the several factors that are to be noted when starting an NGO, we have listed some important steps below.
1. Develop your fundraising goals
The first and foremost step of building an NGO is deciding on the objectives; this includes deciding on the issues that the organization intends to tackle and hence the primary reason for fund-raising. This includes not just the funds to open the NGO but also costs for its sustaining initial campaigns.
2. Devise a concrete fundraising plan
It is really important to make sure that you do not simply jump from one fundraising plan to another without any basic planning. Note down a concrete plan that states how much funding has to be raised and the sources for said fundraising. Make sure you make a rough estimate of your fundraising budget as well. Include costs such as the amount spent on postage for mailers, cost of website creation, cost of building stalls and approaches, management costs, as well as other miscellaneous costs.
3. Develop a timeline for your fundraising plan
Ensure that all tasks are finished under a proper pre-defined time period; remember, when dealing with other NGOs especially those under corporations, deadlines are of utmost importance. The success of any NGO is highly dependent on the timely execution of the fundraising plans. Should any problem threaten the tentative deadline, make sure you make solving this a priority.
4. Identify funding sources
Before beginning any fundraising, make sure you identify and approach the appropriate sources and the fundraising strategies preferred by each of the sources as they will greatly differ depending on the amount you are required to raise. For example, individuals are the largest source of giving and also double up as an advocate for your cause; however, they are expensive to develop and can be risky for inexperienced philanthropists to deal with.