How can I juggle multiple funding sources with different timelines and requirements?
Bring funders together and work with them to ensure that all parties involved understand the project, how funding is braided, and their individual role in the process.
Be specific about how the funding will be used, including what it will pay for.
Some organizations have had success ‘phasing’ projects; one large project is broken up into individual pieces or components which are each smaller than the whole, all the while collectively making up the entire project. Utilizing smaller components in this way allows each funding source to be directed towards fewer activities and thus avoiding the need for multiple funding sources all geared towards what would otherwise be one, large project with many activities.
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The session featured a discussion of topic-driven member-led committees and a presentation from Dustin Goslin of Mille Lacs Corporate Ventures.