Philanthropy California’s three regional associations are partnering with national thought leader Nonprofit Finance Fund to support funding that honestly assesses the full cost for organizations to deliver their purpose for social good.
In 2015, our initiative began as the Real Cost Project. After a year of lively dialogues and financial workshops across the state, we identified some of the systemic issues and practices that get in the way of funders’ and nonprofits’ shared goals. Now, in order to stay aligned with our colleagues in the field we’ve updated the name to the Full Cost Project. The next phase of this initiative offers funders and nonprofits across California a variety of trainings to unpack why—and even more importantly, how—to go about Full Cost funding.
By changing the way we fund nonprofits right now, we can fundamentally improve their ability to do the work and achieve our shared goals.
Nonprofits are often built with remarkable resourcefulness—but a lack of sufficient funding is a serious threat to their ability to deliver social good. The expectation to continuously work with unrealistically low administrative and fundraising costs can exact a high price from nonprofits, many of whom are compelled to contort their budgets and skimp on staffing in order to deliver results within funders’ budget structures.
Funders across the country are beginning to recognize that a low budget does not equate with organizational effectiveness. In order to manage successful programs, nonprofits must have the capacity to invest in infrastructure and the people at the heart of their work over the long-term.
Be part of the Full Cost Project.
The Full Cost conversation is happening nationally, and funders here in California have a special opportunity to lead the way and make an impact on grantmaking practices far beyond our own region. Many look to our state’s philanthropic and nonprofit sectors to pioneer bold ideas.
By getting involved in this exciting statewide effort around Full Cost, you are helping to bring important best practices into the mainstream for funders and the nonprofits that provide essential services to communities across the country.