Financing and Sustaining Youth Programs/New Strategy Brief from The Finance Project
Cutting Cost, Keeping Quality: Financing Strategies for Youth-Serving Organizations in a Difficult Economy
Due to the economic downturn, many youth-serving organizations are facing budget reductions while also experiencing increased demand for their services.
To maintain high-quality services with limited resources, youth-serving organizations need to embrace a strategic and proactive approach to their financial management.
This brief highlights financing strategies that successful youth-serving organizations are using to maintain quality services despite difficult economic times.
Drawing on interviews with leaders of 17 successful youth programs, the brief illustrates how organizations have aggressively managed costs, creatively generated new revenues, and created partnerships to mitigate the effects of funding cuts. In-depth examples help leaders understand how to implement and adapt these strategies to their unique context.
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