Our budget has scaled tremendously from 2007, since our year of legal registration, where it was USD 15,500 or INR 7,00,000. TYPF’s projected budget for the current fiscal year (2011 – 2012) is USD 200,000.
From 2002 – 2007, all donations raised were for direct expenditures only. Any public money raised and given to for the organization was maintained publicly and collectively amongst the team of young people running the organization. In 2007, when the organization registered, it received 80% of its funding from a single grant from UNICEF, to conduct a standalone project on Child Labour and Child Rights.
Our Financial Model
Multi year sustainability plan
In 2010, TYPF began a multi year sustainability plan, mentored by Vishal Talreja, Executive Director of Dream A Dream and Ashoka Fellow, drafting a multi year fundraising strategy for the organization that is currently underway and will be finalized in 2011. Our 3-year target is to scale community funding in the organization as well as secure multi year core funding from grant makers. Our focus towards this is on strengthening the evidence base for donors on why investments that are youth led and run are cost effective as well as strengthening collective funding for youth movements and organizations.
TYPF in 2010, taking baby steps towards this, founded the ‘Vikalp Grant’ for youth led work and will continue to scale this grant up across the next 5 years. The Vikalp Grant provides funding for youth led work in India, specifically for young people who in ordinary circumstances find it hard to access funders or funding for the Human Rights issues they work with. The fund is annual has supported 3 initiatives so far in Bhopal, Maharashtra and Chennai, with the second leg releasing in 2011 and is youth led and managed, with additional technical expertise provided as and how required to grantees from partners. The fund constitutes of a percentage of TYPF’s Annual Income, irrespective of the status of the organization’s ability to reach its funding target in a year or not. This is based on the principles of challenging the ideology that organizations that receive funding cannot share the same resources and powers as ‘donors’, re distributing that funding more equitably amongst their peers. We believe that funding for youth led work is only going to be sustainable if the larger pool of resources available for young people is collectively shared. The lack of collective fundraising weakens youth movements and that there are always opportunities to share.
- TYPF follows a de risk, diverse funding model that builds partnerships between young people and members of different communities, part of the organization’s strategy to ensure that empowering young people does not mean isolating them into a single community.
- TYPF follows a 6 part funding model that is de-risk and diverse by nature, built with the primary purpose of keeping creative control with the young people who run the organization and scaled across years with a community agreement to adhere to a set of common values and principles. These are reviewed every year by the staff and board of the organization.
- TYPF’s 6-part model is primarily donor dependent and is not income generational by itself. Fundraising is a community activity within the organization and is lead jointly by the CEO and 1 additional staff member who rotates this responsibility every year.
- The team that fundraises the organization’s annual budget comprises of all staff and includes 100 volunteers, each of whom are encouraged to fundraise or donate (depending on what is feasible for them) INR 150 to the programme they are working in each year.
- TYPF’s funding cycle runs from April to March and funding and fiscal planning for the New Year begins in January of the given year. The organization begins with a fiscal and fundraising review of the previous year and outcomes from the same feed into the same for the New Year.
- Staff heading programmes work with the CEO and Board of Trustees to identify sources for programmatic and institutional budgets from which the fundraising strategy is identified. Focus is made on ensuring that sources identified are sustainable, either in light of sustainable donor agenda’s or alternative funders within a given field who are interested in the programme.
- Every issue is driven by certain funding ethics and limitations that are respected institutionally and form the organization’s funding values.
- Due diligence is conducted collectively in the organization, monitored by the CEO. Each programme team are accountable to and responsible for their due diligence with their own donors, provided annually or quarterly depending on the preference of the donor.
- TYPF is audited quarterly and annually. Our monthly and quarterly audits are internal, with external clarifications where necessary and our Annual audit are external. The organization works with a finance team within the institution that comprises of young people and works with a Chartered Accountant Firm, Rohit Sethi and Associates annually as well.
6 part funding model
From 2002 – 2007, until registration, the organization was completely funded by community donations that comprise of individual donors, fundraising event and in kind partnerships. Collectively, these sources account for 50% of the organization’s funding in a given year and allow us to retain creative control as well as fund youth work where a strong donor base does not exist. TYPF’s 6 part funding model is as follows, with targeted percentage sources, however, these percentage balances to shift 10% up or down depending on the year the organization was in and the funding climate of the same.
UN Agencies & Government
TYPF receives programme funding which is annual, based on an alignment of vision, values and programmatic policy priorities from UN and Government Agencies. This has included Government of Nagaland, UNICEF, UNDP, UNAIDS, UNESCO and UNFPA. This accounts for a targeted 15 – 20% of the organization’s annual budget and can scale up to 35% in a given year, depending on the nature of the funding required and the size of the programme. UN Agencies are in principle never silent funders, but are brought in as strategic funders to create a more enabling environment within or for a given programme.
TYPF has a multi year agreement with and receives funding from international grant makers including the Global Fund for Children and in the past from the International Women’s Health Coalition (IWHC), accounting for 20% of the organization’s annual funding. TYPF has also worked with IWHC on regional and international advocacy. IWHC provides additional travel and support funding for young activists from TYPF who travel often for training and participation at regional and/or international forums. Additional grantmakers that have provided annual/programmatic or administrative support funding include IPPF and The Ford Foundation in previous years.
Constitute for 10% of the organization’s funding and are identified either through matching mandates or alternatively are sources through volunteers work with the organization. Corporate agencies have funded both core support as well as programmatic work and include Glaxo Smith Kline, Milkfood, Videocon, Ernst and Young, Power Grid Corporation of India, Rosmerta Technologies, Idea Cellular and Airtel amongst others. Corporate partners are thought through, not with the blind rules of whom we can and cannot receive funding from but rather the context, use and politics of the funder. TYPF believes in challenging donor’s mindsets and often we have worked with funders whose politics we do not agree with, to advocate to utilize for the agenda and values we believe corporate donors should invest in. TYPF works with corporate organizations through CSR and Sponsorship Partnerships on a case-to-case basis.
Individual Donors are usually a targeted 25% of our Annual Fundraising plan but however have continued to form the majority of our funding sources since inception in 2002. Individual donors follow a range of ‘giving’ models that include both interactive investments and added skills support and professional services. TYPF offers a ‘Give As You Earn’ model that allows a donor to fund a specific or generic component on a monthly, 6 monthly or annual basis.
Comprise of 25% of the organization’s fundraising in a given year. This 25% is possibly the most crucial and has allowed us to sustain and survive when we have not been able to secure donors. Since all fundraising activities are public community activities, they have also served as an excellent way for the organization to engage with the NCR community, encouraging public opinion and involvement with the vision of the organization and the need to invest in youth in their own communities. Specific activities are:
Resource/ Raddi Drives
Constitute 10% of the Fundraising Programme of TYPF and is the usual source from which young people raise the INR 150 they contribute to their programmes.
- Bake Sales
- Shop For A Cause
- Airtel Delhi Marathon
- Fundraising Concerts
- In Kind Partnerships
All fundraising and monthly, quarterly and annual due diligence and recorded and maintained by young people across the organization, coordinated by the CEO and the Finance Team, that comprises of young people from financially trained educational backgrounds.