Island Savings

Gaining Support & Funding

As a non-profit organization, the majority of your funding will come from individual contributions—the people who believe in what you’re doing. It's important that you make it easy to contribute.


Set up an account to receive donations

This is the logical first step to receiving donations and we can help—we offer a non-profit account designed specifically for you.

Having a separate account for your non-profit organization is important so that you can track exactly how much money is coming in and how much is going out. Plus, a separate account will allow you to cash cheques made out to your non-profit.

Provide payment options to contributors

  • A common form of payment will be personal cheque; a great way for people to contribute while generating a record of the transaction.
  • You can also set up a merchant credit card account so that you can receive credit card contributions. Just contact us if you’d like details on how to get this set up through our payment services provider, Moneris.
  • There are also websites that allow users to make monthly contributions, which are directly deducted from their paycheques.


There are many websites in existence designed to help people make charitable donations to non-profit organizations online. If you register with one of these companies, you can reach countless people that potentially want to help your project.

Who should you ask for support?

  • Board members should be first on your list. They're obviously interested in the goals of your program and they should show their support by making donations.
  • Consider approaching the recipients of the service that your organization provides. The people that enjoy local theatre should support that theatre. Parents who benefit from an after-school daycare feel obliged to help out financially.
  • Ask people who have donated before. If they felt strongly enough about your work in the past, they likely still do.


Hiring directors that are passionate about your non-profit is a huge asset in generating funding as these directors will be 100% committed to reaching your non-profit funding goals.

Considerations for funding requests

  • Consider mailing or emailing out information about your programs to community members and ask them to support you. Be sure to include a self addresses, stamped envelope for their donations.
  • Consider calling for donations as a follow up to an event where you provide information.
  • Face-to-face contribution requests are also effective coming from board members who have made a sizable financial contribution themselves; this gives them credibility.
  • Having a website that includes a convenient way for interested parties to send in donations is an inexpensive tool for reaching a potentially huge audience.
  • Ask again at the end of the year; the holiday season has people in a charitable mood, and with tax season approaching they know they can use a sizable donation as a credit.

Getting grants

There are two major types of grants available to a non-profit organization. They are government grants and foundation grants, but the amount of money they contribute isn't as significant as people think. Foundation grants, for example, contribute less than 10% of all non-profit revenue. Grants can be a big help in starting, and continuing, a non-profit organization, but you can't rely on them as a major means of support.

Have a question? Simply contact us and we'll provide you with the information you're looking for.


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