Ruthie Grigoletti Essay #2 EDAC 632 April 12, 2023 Funding Adult Education Organizations Organizations that support adult education on a nonprofit basis are essential to the growth of skills and an eagerness for knowledge. But oftentimes organizations that support adult education on a nonprofit basis frequently struggle to find the funding they need to operate as well as to find and keep volunteers. This paper will look at some methods that nonprofit adult education groups can use to raise funds as well as to find, develop, and retain volunteers. A diverse funding base is crucial for community-based organizations, according to data from a study by John Abrahams titled An investigation of the funding patterns and sources of community-based groups …show more content…
According to Chapter 5 of Schmidt & Yelich Biniecki's Organization and Administration of Adult Education Programs: A Guide for Practitioners “Money makes the world go round.” The chapter is divided into two sections, which include content on the funding and support mix, which includes information on sources of support and proposal, writing, relevant, both for-profit nonprofit and higher education adult education administrators. The authors explain that funding is essential for an organization to survive. Organizations can gather funding and support through a variety of ways the authors describe eight categories, that impact funding, and support. This includes having a line item in an organization’s budget, bartering and reciprocity, financial donations and sponsorships, in-kind donations, user fees, products and services, lobbying, and grants. Chapter 5 of Schmidt & Yelich Biniecki's Organization and Administration of Adult Education Programs: A Guide for Practitioners also explains that along with learning about the different types of financing and support groups, organizations should also work on proposal writing. Given the significance of grants in generating funding for …show more content…
Just like many other organizations, it would be incredibly challenging to use the funds in a way that would assist the organization to achieve its goals and objectives without effective budgeting. In Chapter 4 Budgeting: Budgets: The Organization’s Purse Schmidt & Yelich Biniecki's Organization and Administration of Adult Education Programs: A Guide for Practitioners the authors discuss the importance of budgeting. In Chapter 4, the process of generating and maintaining budgets is examined, along with its terms and stakeholder obligations. The estimate of expenses, revenue, and resources for a given time period is referred to as a budget. Budgets are managed by organizations by tracking projected spending and income against actual results. Stakeholders may see how well the company is doing in comparison to its projected results by routinely and consistently monitoring budgets. Overall, these are several of the methods that nonprofit adult education groups can use to raise funds and obtain and retain volunteers. These ways include having a diverse funding base like grants, donations, and fundraising activities are a few typical financing sources; effectively marketing to volunteers and training them well