Explaining Nonprofit Funding What is nonprofit funding? If you have this question for long, the answer is - it’s kind of financial assistance granted to a nonprofit organization. Now in America, a nonprofit organization is classified as a corporation with the following traits –
The state government has the registration record of the company (nonprofit corporation) permitting it to operate business within the state. It is recognized by the IRS (Internal Revenue Service) or the revenue service of the United States Federal Government. The agency exempts such companies from federal income tax. Its operation does not involve commercial earning but rather charitable work in the community.
Looking for funding source for your nonprofit organization? Typically nonprofit funding is sourced from different income-avenues like individual donations, online/offline fundraising, crowd funding, peer to peer fundraising, and grants etc. However, there is another interesting approach to this process; corporate-granted funding for a nonprofit organization. Among some of the best credit unions lending funds to nonprofit organizations, our name comes on top, surpassing most of them on reputation scale. We are one of the socially responsible corporations willing to sanction required loans to fulfill your nonprofit’s missions and values. What sets us apart from the rest credit unions is our increasing reputation as a valuable funding source for nonprofit corporations in USA. We have a unique model for funding for nonprofit startups, helping them address their core corporation requirements. We work in consortium with some of the high-quality community banks, credit unions, and non-profit lenders and ensure that you get access to required funding without having to meet with the predatory lenders which are now in packs in USA. Medgar Evers College City University of New York 1150 Carrol Street Brooklyn, NY, 11225 support@sourcefunding.org