Public/private partnerships are growing in frequency, as a way to tackle regional challenges and serve community needs. But how do government and nonprofit partnerships actually work to benefit one another?
Outlined below, we showcase the benefits associated with government and nonprofit partnerships, and how to structure funds, performance data and programmatic accountability for success.
Multi-Sector Partnerships Benefit All Parties
Public and private sector partnerships are not a new concept, and have been growing in frequency as regional budgets are cut, but demand for social services remains high.
Public service needs and challenges are difficult to address in silos. As such, pooling resources through strategic partnerships can translate into higher quality and more cost-effective programs. Government funding can play a pivotal factor in nonprofit success, while the government can rely on nonprofits to fill gaps in services that they are ill equipped to provide.
Successfully Manage Funding, Processes and Reporting