Friday, July 6, 2012

All About the Money

Fundraising, Friend Raising, Crowdfunding, Corporate Donors, Individual Donors, Loans…all are ways of fund development for your creative reuse center.

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There are some distinct areas of difference between doing business as a for-profit and a nonprofit organization. This is one of those areas. You can’t offer a return on investment for an interested donor as a nonprofit but in most cases, you can offer a tax deduction to friends, fans, and funders

If you decide to become a for-profit venture, you can look at bank loans, investor capital, Kick Starter, or other ways of getting the money together. Here, the opposite is true; you can’t promise a tax deduction, but you can offer a return on investment or other stake in your company.

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