An organization basically runs for a specific cause and anything working for a cause is meant to generate money. An NGO, as we know already, is non-governmental organization that functions completely independent of the government sector and fall in the category of nonprofit, citizen based organizations.
Some people nowadays remain curious about the causes that make an NGO earn money. Some of them raise questions that what make these NGOs earn that much money, irrespective of the fact that these NGOs work for such a noble cause to bring a change in the society. Creating a positive difference in lives of your citizens is one of the best things that are made possible with the efforts of NGOs. And for obvious reasons, all this needs a lot of money to achieve the goal of the NGOs.
Here are some ways through which NGOs make money:
Different funds and donations owe a lot of revenue in process of making money with respect to run an NGO. The key factor that enables an NGO earn money is to raise funds and generate different schemes in this regard. This is done by different renowned companies and donor agencies interested to collaborate and work for a particular NGO. Different local and international donor agencies are there to provide funds to NGO’s. This includes UNESCO, WHO, UNICEF etc.
The process of running NGO is highly supported by taking donations on different levels. Public or private sectors are included in taking donations. Donation can be of any kind like service providing for some cause on which an NGO is working or giving incentives to the members of NGOs for working on a specific project. But mostly all the successful and renowned NGOs keep the donation to an average extent for keeping themselves unaccountable of spending public money for different causes.
The NGOs work on the basis of a systematic schedule to be followed annually in which they work on different projects regarding community welfare. The members of NGOs work in groups and they are made to visit different unprivileged areas providing basic facilities to the natives of that area. Different social upgrading projects include the sectors like education for all, eradication of child labor, human rights in general and women in particular, justice and law providing, providing health facilities and different hygiene programs.
All these welfare projects become a big source of earning money for an NGO. We can not say that making money in such a noble cause is not justified, it is worth a lot more!
Mass media campaigns
Different campaigns set by NGOs are done in collaboration with different media partners for welfare of society. The interface between media and society gives the best combination to boost up the progressive career of an NGO and economic growth of its funds and finance raise to a large extent.
Community oriented projects
One of the most attractive ventures that an Ngo can come up with is community oriented projects. All the social work done for a cause includes individual as well as community welfare programs. This attracts the donor agencies’ interest of donating funds for giving their money for a community cause.
Collaboration with public sectors
Working in collaboration with different public sectors is one of the easiest and oldest ways of making money by NGOs or we can say it becomes a source of money for an NGO because the aim of the Organization is not to earn money but to facilitate public with welfare and facilities.
Some NGOs function for a cause to provide basic service to public deprived of the basic facilities, for example there are many areas whose locals are not provided with some of the necessary services due to lack of management and false distribution of assets. NGOs work for them and earn money for this cause.
The new self startups by an NGO get them to earn a huge money by donors and donators. Different new plans for welfare process and implementing strategies are proposed by NGOs and if the attract the area of interest of the donors, the get them earn a good money for this purpose.
Collaboration with social media
Social media nowadays controls the life of each and every citizen. Likewise it plays a major role for NGOs to get funds and raise their donation money. Many NGOs have made a separate social media network on which they provide the details of their services and get their donations through electronic media.
Some special projects projected by NGOs are meant to be those at the time of natural disasters or calamities like earthquakes, floods, tsunamis etc. the role of an NGO at this time is one most significant contribution in providing services and facilities for betterment.
These special projects become an eye catcher of the Donor agencies and a high rate of fund raising is achieved by NGO according to their performances.