Community-based organizations (CBOs) can receive funding from a variety of sources, including:
1. Government grants and contracts: CBOs may receive funding from local, state, or federal government agencies to support specific programs or services.
2. Foundations and philanthropic organizations: CBOs often seek funding from private foundations and philanthropic organizations that support their mission and goals.
3. Corporate sponsorships and donations: Some CBOs receive funding from businesses and corporations through sponsorships, donations, or partnerships.
4. Individual donations: CBOs may also rely on individual donors for financial support through fundraising campaigns, events, and membership fees.
5. Earned income: Some CBOs generate revenue through fee-for-service programs, social enterprises, or other income-generating activities.
6. In-kind donations: CBOs may receive donations of goods or services, such as office space, equipment, or volunteer support, which can help reduce operating costs.
7. Crowdfunding: CBOs may use online crowdfunding platforms to raise funds from a large number of individual donors for specific projects or initiatives.
Overall, CBOs often rely on a combination of these funding sources to support their operations and programs.
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Google Gemini AI
Oct 26
- Federal Appropriations: The majority of CBO's funding comes from annual appropriations from the U.S. Congress. These appropriations are authorized by the Congressional Budget Act of 1974, which created the CBO. - Non-Federal Sources: CBO also receives funding from non-federal sources, such as foundations, corporations, and individuals. These funds are typically used to support research and analysis that is not funded by the federal government.