Episode 027: Diversify Your Funding

Relying upon federal funding for the majority of your organization’s revenue is a recipe for disaster. If your budget consists of more than 50% federal grants, you’re asking for trouble; it’s not sustainable in the long-term. The availability of federal grants will diminish over the next ten years (or so) due to ever-increasing mandatory federal expenses (i.e., Medicare, Medicaid, Social Security and interest on the debt). I’m encouraging all organizations to develop a plan for diversifying their funding over the next five years. Start preparing now before it’s too late.