Reflections of Week 1 reading assignment from the book, Financing Nonprofits: Putting Theory into Practice, makes clear that nonprofit finance is more complex than the for-profit sector and that study, understanding, and leaders and board member experience in nonprofit finance and agenda setting is most critical to the health of any nonprofit organization. Nonprofit organization vary in size, each has a unique mission, benefactors vary from organization to organization, and average individual donors support an organization because they are passionate about the mission and believe in the organization ability to achieve its goals. Nonprofits have a variety of resource options …show more content…
6). However, small and/or struggling have to be more selective in their choices when it comes to building an appropriate resource base. Young (2007) explains there are several resource base options to choose from and choosing the right mix of resource outlets is vital to the financial health of the organization: “individual giving, institutional philanthropy, government funding and nonprofit organizations, fee income and commercial ventures, membership income, investment Income, volunteer resources.” Individual giving is the appropriate choice for any nonprofit to add to their fundraising planned agenda because the public interest in social issues is diverse (Foster, Kim, & Christiansen, 2009). Institutional philanthropy funders are most interested in promoting their agenda through a nonprofit organization. For instance, Monsanto and other agriculture mega corporations give funding to universities with agriculture departments or wealthy donors leave large endowments to fund education on specific topics such as GMOs, pest control, or other issues of