There are an astounding 1.5 million nonprofit organizations operating in the U.S. today. And just like the over 100 million businesses that get launched every year, those organizations need funding. However, while business startups spend their first years presenting a compelling case to potential investors, nonprofit must do this year after year.
In my own career, I’ve spent a lot time in that process, trying to learn how to raise the millions of dollars needed to make an entrepreneurship education dream into a reality. Today NFTE’s budget is $13 million, with much of that funding coming from the corporate community—a natural partner in helping kids build their own business and business skills in order to escape a future in poverty.
Those corporate foundations and philanthropies rely on a team of experts to forge partnerships with nonprofits around the world who often share their social vision. Anuja Khemka is an expert on this subject matter and has been working in the corporate world for ten years. Most recently serving as Vice President at the JPMorgan Chase Global Philanthropy group, she has spent years evaluating proposals and helping partners shape projects worthy of corporate funding. Today Anuja, who is a Management Fellow at Columbia University focusing on Social Enterprise Administration, shares her valuable insights into the corporate funding world.