With the news of potential 50% funding cuts from the state of Missouri, many questions have been asked about our funding so I thought I would take this opportunity to address that in this blog.
We receive revenues from public and private sources. Our public funding consists of grant funding from city, county, state and federal government sources and accounts for 42% of our overall funding. We are very proud to be United Way partner agency, with 5% of our budget coming from United Way. Our private funding comes from individuals, businesses, service organizations, churches and special events, and is the remaining 53% of our budget.
We have worked hard to diversify our funding so that a downturn in one area won’t significantly impact or cripple our budget. This has not been easy; however, we recognize its importance and will continue to strive toward this goal. In the past two years, cuts in funding from public sources have forced us to add to our private fundraising expectations. We have worked to create funding sources that are sustainable and “economy proof”. One way we are accomplishing this is through innovative partnerships. I am happy to share two examples.
BEST VALUE THRIFT STORES
The first partnership is with Best Value Thrift Stores. Best Value collects donated items on behalf of Hope House to sell in their thrift stores. In exchange, Hope House receives a monthly remittance resulting from the sale of donated items. This partnership creates a guaranteed annual compensation of nearly $100,000 in support of Hope House programs and operations! If you are interested in having items picked up from your home, please call 816.554.0870.
GLOBAL RE-SOURCE FUNDING
Another partnership is with Global Re-source Funding. For every inkjet, toner/laser cartridge, digital camera, GPS device, iPod, laptop and cell phone that is collected and donated to Hope House, Global Re-Source Funding will send a donation to Hope House for the full buyback value of the product as it is recycled for re-sale. Global Re-Source Funding will supply collection bins plus pick-up services and marketing materials for your program – all at no cost.
The best part of this program is that you can raise money to support Hope House simply by asking for a donation of items that most people discard anyway. To learn more or to enroll in this partnership please visit http://www.globalre-sourcefunding.com/.
CONTINUING TO STRIVE
We will continue to strive to meet the challenge of serving over 10,000 victims of domestic violence every year by exploring new and lasting ways to bring in sustainable revenue. Please let us know if you have partnership ideas or if you would like to make a donation that will support our services. You can visit http://www.hopehouse.net/ for more information.