Tough economic times means difficulty raising funds for social services. The irony is that when the economy is rough, demand for services goes up, especially for basic needs programs. While I don't know of a way to raise more money in a downturn, I do have a suggestion as to how to make your money stretch.Before looking at bank loans or other interest incurring strategies, ask your vendors if they would be willing to receive payment for their goods or services in installments. Lots of organizations, including Idealistics, would rather work with an agency and spread payment out over time than wait several months or even over a year before entering a contract.
So don't just assume you can't afford whatever it is you need to run your agency better. Vendors like mine would rather have your business and receive payment in installments. It's not only better for your agency and ours that way, but most importantly, it allows you to serve people severely impacted by the down turning economy more effectively in a time of great need.
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