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Funders
Funding for sports federations can come from several funding partners. What is different about this funding stream is that the provider of money or other resources, normally, is not expecting any return of investment. Funding is often given to project which have a larger social purpose and funding providers will in many cases expect that the progress is monitored and reported back.
The process of getting funding has become harder as more organisations in many cases will be competing for less money. Increased competition have made the engagement with funding partners crucial for sporting federations and it will, therefore call for it to be optimised. Engagement with once funders should be seen in three parts:
- The engagement needed when applying for grants.
- The formulation of a fundraising strategy.
- Working with funders who have provided grant funding.
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