Most NGOs want to increase their core funding as it is flexible and carries fewer restrictions than project funding. While not the solution to every problem, NGOs that boost core funding can improve sustainability, flexibility, and project quality.
Core funding is financial support that covers basic “core” organizational and administrative costs of an NGO, including salaries of non-project staff, rent, equipment, utilities, and communications. It is essential for the long term financial sustainability of an NGO and its effective functioning.
Through this video, you will get to know about the importance of core funding and some tips to raise it.
