Core Funding
SectorForce develops core funding strategies designed to attract and leverage cross-sector funding and investing in public interest technology. Our objective is to attract and leverage cross-sector funding and investing in public interest technology for the benefit of nonprofit organizations and the individuals and communities they serve community and economic development.
The process supports human resource, workforce and small business development for the benefit of nonprofit organizations and the individuals and communities they serve. The strategy can advance community engagement, reinvestment and development, venture philanthropy, impact investing and foreign direct investment.
Core funding can provide flexibility, empowering nonprofit organizations to focus on their most pressing needs and support their own development and sustainability. The process can generate support for the sector by reducing the risk of grants and building philanthropic trust. Public interest technology can assist in producing the diversely-skilled human resources and workforces required to ensure the growth and sustainability of the new industry sector.
Grateful attribution to Silvia Guizzardi, Senior Adviser for Impact at the Oak Foundation, Deb Nelson and Tina Beck of the Just Economy Institute for addressing the barriers to unrestricted funding, and to the Center for Effective Philanthropy for their insight.
https://oakfnd.org/what-evidence-is-there-on-the-impact-of-core-funding/
https://ssir.org/articles/entry/unrestricted-funding-barriers
